Col Angus - When you accuse "people" of "bending over ...." etc... To me, it implies you believe "people" were doing something they didn't want to do, (because nobody could have an opinion other than yours right?) OR!! maybe "people" WANTED to take the offer because in their judgement, (couldn't be right because it's not yours), it was the best decision.
I've heard explanations of retaining "Pride" most of which contain a belief that the company will feel in some way chastened by having been disapproved of and rejected. Ever thought that they might just be Cock a Whoop at not having had to dole at any cash? Sure as hell that however it pans out the professionals are basing all on cold hard business not emotion. I'm not actually stating my position just wishing that we could grow up in our dealings with each other and our opinions. Pride cometh before the fall or resignation or sacking or lack of payrise etc, not relevant, it's a job.