It is called running a business badly.
They are legally entitled to do what they have done and therefore it simply cannot be theft. If there is no theft there is no decption.
I ran a small business and on the advice of my accountant I paid myself minimum wage but gave myself as a director of the company bonuses.
I was sensible, I only gave myself a bonus when I'd cleared all my debts and had a profit but I didn't need to.
The rags have 750 million of debt but the Glazers keep giving themselves bonuses. It's not a criminal offence.