IR is where he’s made his impact. Pitting company against subsidiary, subsidiary against subsidiary to yield desired effect. The good running of Qantas as a single entity is clearly not his sole focus, thus we have the illustrious Qantas Group - comprising of a number of subsidiaries able to be cut/disbanded, practically free of what he’d consider suffocating IR issues. For this I think he is remunerated albeit, disproportionately and not commensurate.