Golden parachute for CSL's boss

The article names Brian McNamee (also referred to as Dr McNamee) as the long-serving chief executive of CSL. His 23-year career as CEO ended on Friday, and his contract with the company expires on October 15, when he will sever ties with CSL in October.

On departure the CEO will receive $4.9 million in one-off payments, made up of a $2.8 million severance payment and $2.1 million to cover nearly 200 days of untaken annual leave and sick leave.

The CEO is entitled to almost 125,500 performance rights and more than 179,000 performance options as part of long-term incentive plans. Those LTI awards are estimated to be worth about $18 million in coming years.

He served as CSL's chief executive for 23 years. Under his leadership CSL grew from a small government enterprise into a listed company worth more than $30 billion, according to the article.

The $2.1 million payment covers nearly 200 days of untaken annual leave and sick leave that the CEO had accrued prior to his departure.

The article states that his contract with CSL expires on October 15.

He is entitled to almost 125,500 performance rights and more than 179,000 performance options as part of the company's long-term incentive plans.

Key facts from the article: the long-serving CSL CEO is leaving with $4.9 million in one-off payments (a $2.8 million severance plus $2.1 million for nearly 200 days of untaken leave); he may also receive LTI awards (about 125,500 performance rights and over 179,000 performance options) worth roughly $18 million in future years; his 23-year tenure has seen CSL grow to a listed company valued at more than $30 billion; his contract expires on October 15.