Er no. They are trying to attract high calibre individuals for a challenging job. I would not even work for such a figure and I know of many life sucking lawyers etc who spend more on expenses.
Not everyone has to be part of the socialist 2.4 children living in a tacky 'standard' box and taking home the national wage utopia.
People who have the skills for these roles are paid the market rates. This is a director level role and it is actually on the low side for the level of responsibility but is certainly on the market rate band.