I must admit i am taking a lot more notice of things like this now days. I am not sure it is over the top compared to what some directors of other companies get paid for doing sweet ...... all.
This post from over the weekend that many may have seen sums up my view.
https://hotcopper.com.au/posts/36876395/single
I guess if we want directors who will actually do something, then we have to pay them more than directors getting away with doing nothing.
As you say, lets see what Mr Turner can do.