There's concerns that the Warehouse's top level salaries don't match the company's declining performance. 

The Warehouse Group's shares fell to a record low of $0.97 after forecasting earnings would fall at least 64 percent year-on-year.

Former chief executive Nick Grayston was paid $2.79 million, out-earning his retail counterparts in the 2023 financial year.

Shareholders' Association Chief Executive Oliver Mander unpacks this further.

LISTEN ABOVE