Resolution ousts chief executive - papers 7th March

One source said: "It was a joint decision. Paul and the board felt it was time to move on. Clearly the company is a very different beast from what it was." Thompson, who has run the company since 2005, leaves Resolution with immediate effect and takes with him a payoff of £787,500 in lieu of notice, equivalent to one and a half times his £525,000 base salary. He is also entitled to an annual bonus and payouts under the executive shares plan, terms of which were not disclosed, says the paper. However, according to Resolution's most recent annual report, Thompson is entitled to a maximu...