One boss was overheard saying, "...how can I go to Key West after I just let go 1/2 my staff...".As far as participation-- keep in mind that if you are the head of a company with a loyal employee base-- it is bad form to go "play" sailboats in these economic times in the face of your employees who are for the most part struggling with the real world.
IMHO it is the bosses who are the only ones who won't get fired for "going to play sailboats" it is the employees who can't afford to be seen as anything less than loyal. I just hope this shit show gets turned around you know the economy is fucked when life is this bad.