This year I want a $100k bonus. When my business faces bankruptcy, I want the government to bail me out.
If they don't, all my customers and suppliers will suffer.
I agree, replace all of top management or at the very least cut their pay to realistic amounts that will allow the companies to stay solvent. Also, the workers may have to take pay cuts to keep the company afloat until they can produce a quality product.
When my company starts lagging, we all take pay and benefit cuts to stay in positive territory.