No, the investors got hit by the steamroller. Management, who knew exactly what they were doing, did not lose their earnings. Future earnings? Some of these were Lehman execs -- their ability to land a position in SVB is proof that they probably did not sacrifice future earnings.
> Earning a nice bonus last year
Why do you think this was limited to last year? I suspect they made risky moves again and again and again and got paid out again and again and again.