• 1 Introduction
  • 2 Theory
  • 3 Data and method
  • 4 Hypotheses and impirical results
  • 4.1 Bonus for the top management
  • 4.2 Compensation and strategies to avoid layoffs
  • 4.3 Survivors´reactions and acceptance
  • 4.4 Union memberships of respondents
  • 5 Conclusion
  • Appendix
  • References