It was pointed out to me a while ago by someone far smarter than I - do not blame Joyce.
The QF Board would either negotiate the pay structure for their newly - to - be - anointed leader, at the very least they would have to sign off on any negotiated package.
I think the package is obscene and appears structured in a way to encourage manipulation (if one was so inclined) - ask the board why they signed off on such a package.