His pounds 310,000 pay-off always looked odd, given that the departure was entirely amicable. That he will walk immediately into another highly paid job makes it doubly so.
The only justification for a golden handshake - and a tenuous one at that - is to give a breathing space to allow the departing executive time to find a new job. That was clearly unnecessary in Mr North's case. The payment was, too.Reuse content