If they're cutting executive salaries by the largest amount it sounds good on paper but doesn't really do anything because their pay is, as you said, stock based.
So, unsurprisingly, very skeezy unless they change the largest factor in their pay.
Not that I have a whole lot of sympathy for someone who now makes only $100mm/year, but surely that's variable compensation working as it should.
If they're cutting executive salaries by the largest amount it sounds good on paper but doesn't really do anything because their pay is, as you said, stock based.
So, unsurprisingly, very skeezy unless they change the largest factor in their pay.