I don't understand what is the point of Alan Joyce's job. This...

I don't understand what is the point of Alan Joyce's job. This isn't a comment around the share price or market, more of what he actually contributes.
1. The business will never have any threat of going under - the brand's too strong and is backed by the Federal Government's endless subsidies. No threat of going under means there is little pressure on his own performance.
2. When the business does well, he gets rewarded handsomely in performance related bonuses. All the reward without the risk.
3. There doesn't seem to be much strategy at play - mothball the parts of the business which aren't operating and let go of the staff that were part of those operations. I get it - you're an airline and it's not like all of a sudden you can become a tech company, but at the end of the day did you really need to pay someone a couple of million to deliver that message?