Earlier quoted context omitted.
This is only “a failure” if the loss from this is worse than all of the money they have saved over the years by running so lean. This type of event is the obvious possible downside that is well known when you structure a company this way. It’s not that events like this aren’t expected, it’s that prepping for them costs more than the loss from not being able to absorb them.
The money they earned in the past are already spent and forgotten. The failure is now. So for the people who got the bonuses in the past it may be worth it (that's probably why they did it), but for the company as an ongoing concern it certainly isn't. It's like eating a lot of unhealthy foods and later getting sick - maybe some people consider it worth it, but most people kinda regret it when they get sick.
Companies shouldn’t exist for the sake of longevity.