He will lose his entitlement to a "golden goodbye" bonus worth more than £3.5m, as well as a share plan with a potential value of some £12m after the resignation move, which comes two months before he was due to officially retire.
However he retains the £21.7m pension pot earned from his 41-year career, and will receive a payout worth more than £4m, comprising a £1.57m "superannuation payment", a retirement settlement also valued at £1.57m, alongside £90,000 in fringe benefits.
My heart bleeds for the poor man, but he will not be short of a bob or two.
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