the execs definitely miss out on a lot of money because bonus programs are typically multi year.
There are always
-short term (how did we do this year, the classic everyone gets)
-long term (bonus defined today, paid out over a few years if you meet the strategic goals, typically director and exec level, we are easily talking 100k+/year here in bonus money)
bonusses. So, yeah, still a financial letdown for them. But they still got paid quite a lot of money of course. The average swiss person had no stakes or no culpability at all (except maybe choosing them, clients could have walkd away)
There are always -short term (how did we do this year, the classic everyone gets) -long term (bonus defined today, paid out over a few years if you meet the strategic goals, typically director and exec level, we are easily talking 100k+/year here in bonus money)
bonusses. So, yeah, still a financial letdown for them. But they still got paid quite a lot of money of course. The average swiss person had no stakes or no culpability at all (except maybe choosing them, clients could have walkd away)