Stock holders and those who get more from stock compensation than rank and file is the priority!
The CEO and ELT do have a duty to the owners of the company long term. But seriously protect the dividend short term versus reward the hard working employees is a terrible trade off! Stock holders and investors should be patient, ignore the workers expect many to leave even in this tougher time.
Cut the dividend and invest in the company. It’s clear what the new Chairman’s priority is as a bean counter