Congratulations on missing the point. I'll try to make it easy to understand: why does the misery go downwards, but the rewards go upwards? Why is that workers get laid off, shorter hours etc, but somehow the managers are never effected? And yes, I'm aware of the answer: because the same people set the terms for both.
M
Well I can't quote for your area as I don't know it. I certainly have seen senior people take large pay cuts, have bonuses stopped and equally take the pain as workers.
Normally senior people don't get sacked, even when they have done something wrong, they are asked to resign or a mutual deal is agreed. The negative press is normally much more damaging than compromising with a senior member of staff.
Equally I have seen people laid off and those remain get bonuses still, and I mean the lowest paid not the managers.
As much as some people don't like it you have to accept that sometimes companies get to a point they need to reduce heads. I left a previous job where 20% of the managers were leaving (I took voluntary redundancy as it suited me perfectly but the majority were forced to leave), it didn't affect "the workers".
At the end of the day managers in most organisations are just larger cogs in the same machine, they are just as dispensible, just as likely to suffer the same problems. As much as some people get chips on the shoulder about "the management" most of the time they are tasked to work a certain way and are doing it. The main difference between them and one of "the workers" is typically they will do the nasty job they have been asked to do and keep confidence when required.
I know a whole factory who went onto a four day week, but guess what the managers were pretty much working 5 days as normal (but for 4 days money) as the demands on them stayed just the same. "The workers" at least got to only work the 4 days and have 3 day weekends.