CI1 General discussion, page-124

That is exactly my thinking too. No director would reward himself a substantial pay rise when the share price is heading north for more than 80% from its AHT,
Instead of using the profit for the unreasonable personal pay-rise, why not do the share repurchase plan using the company profit, if the director believe the current share price is undervalued? As a shareholder, I am loss for words and loss of confidence in JW leadership.
JMO