London - (Crude News): It's a sign-if-the-times redundancy package that includes a £10.8 million pension pot accrued during Hayward's 28 years at BP.
The supermajor CEO is stepping down this week following dismal performances in front of a Senate probe into the Deepwater Horizon spill.
Hayward's top job at BP saw him replace previous chief executive Lord Browne whose perjury in a UK defamation lawsuit ended an otherwise illustrious career in 2007.
Comparisons with former Tory wideboys Jonathan Aitken and Jeffrey Archer saw Browne let off criminal charges although a former lover's defation lawsuit still hangs over him.
Current BP managing director Robert 'Bob' Dudley is an accidental namesake of the 1st Earl of Leicester, a favorite of Queen Elizabeth 1st who died of malaria in 1588.