Retired National Grid boss Steve Holliday will start retirement with a £11,000 a week pension.
The long-serving leader will be able to begin drawing his £591,000-a-year pension when he turns 60 next month.
It comes after Holliday banked £32million in salary, shares and bonuses during his near decade at the top of the firm.
Under his tenure, the National Grid’s share price rose by more than 40%.
This year saw shareholders revolt over chief executive pay-outs.
BP suffered a symbolic slap after shareholders voted against pay rises for its directors.
However, a National Grid spokesperson said: “We need to retrain and recruit high-qaulity management and for that we need a competitive and fair remuneration policy.”
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