It is not reasonable to expect anyone to volunteer for a pay cut in order to be the chairman.
What are you not understanding? He volunteered for this position! No one expected or forced him to become chairman. If he is not willing to make the sacrifice then don't volunteer in the first place!
It sets a bad precedent, it's a horrible conflict of interest, and it already shows the membership what type of chairman he is going to be. It's ridiculous we are even having this debate.