20% Haircut

If management sees the need for themselves to take a 20% haircut, what does this
mean for the future of the company?
It seems they may have gave gazed into the money pit and saw the bottom, thereby trying
to preserve their jobs.
While a 20% reduction in the cash portion is good, I would rather see NO performance options
granted because they just have not done enough this past year to justify it.

We have all taken a far larger haircut this past year than 20%, so perhaps management should do similar.

If NZ or Cuba progress happens soon, I expect there will have to be a CR at some stage.