Qantas directors are also all loaded up, some very much so, with the company's shares. Goyder leads current directors with 139,433 shares although the now retired Rayner had 305,362 shares that have risen more than $600,000 in value since Joyce's staff and cost cutting lifted shares. This means that when the radical cost cutting measures, aimed squarely at staff were undertaken by Joyce, lifted the airline's stock price. Qantas directors benefitted.