News: CHP Chapmans' Executive Directors Agree To Reduction Of Fixed Remuneration, page-7

What I find surprising is that they declare a 48% reduction in renumeration like they're making a massive concession, but the company is making zero profit and running at a loss where mum and dad shareholders have lost big investments. You would think that reducing to something like $75k would be more reasonable. Thousands of Australians cope with life at that figure with mortgages, so why not the businesses who are responsible to them?