This is a good point. But even if you set policies in place, those people who complain will eventually be let go and get blackballed by the rest of the industry

This is a good point. But even if you set policies in place, those people who complain will eventually be let go and get blackballed by the rest of the industry. In theory the end-of-year bonus is supposed to reward you for your effort. For analysts, that bonus is not entirely discretionary; there are generally three or four buckets, selected in coordination with HR, all of them meager by the industry's standards.