Frank Lowy makes forthright defence of his family's pay WESTFIELD'S billionaire chairman Frank Lowy has lashed out at calls from shareholders for him and his co-chief executive sons Peter and Steven to accept no remuneration, saying the family will not work at the company for no pay. Despite the recent criticism about the levels of pay for Westfield's chairman and executives, 98 per cent of investors voted in favour of the remuneration report.