Ah, new aircraft, senior management pilot, low flyby, inappropriate company paperwork if any, unsuspecting passengers................ what reminds me of Habsheim 1988?
Insurance companies have better memories than I. I imagine that after Habsheim the clauses for insurance coverage of "display" manoeuvres might have changed somewhat.
It may well have been that the manoeuvre so lovingly recorded was uninsured. There may well have been a clause in the insurance policy saying what happens in that case. It is very unlikely to be a rebate.
Pilot vs. management is a simplistic take. In today's world, those with an influential stake in company behavior are far more than the employees alone. The management might well have had its hands tied or risk an explosion in expense.
PBL