They are all well paid. management also needs to be ahead of the curve not behind it. That is supposed to be the rationale for their big salaries.
They should have never supported the dividend in the first place. Changing mid stream does not endear any investors. In brief, their present actions are correct or desperate for their situation. Trouble being, it is representative of a flawed business model, these leaders at the helm.
Management knows better than anyone, what headwinds they are facing, prepare accordingly in advance.
Might help divert 20-30% SP losses, which of course is also not a confidence builder.
they made a lot of decisions that have proven not well thought out 1) buying thompson to start with 2) way underestimating the costs of the project 3) raising the dividend when they were in a bad situation 4) reversing the dividend shortly afterwards that should have never been raised, 5) they have been having problems for several yrs 6) letting costs over run inflation, 7) wages for mining are exceedingly high and well above the inflation of the product they produce