You guys can carp on the executives all you want to, but who is really to blame here? Their pay - by standards of similarly sized companies - is in line with executive compensation norms. I'm not defending the "norms", but in terms of exec pay in America they are not making the "big bucks".
Personally I think no one should get any payout or bonuses unless the company is turning a profit. Once the company gets back to black, it's up to your union leadership to negotiate a better deal for you. But don't begrudge the execs for something you all agreed to.
