The very rich are different from you and me..

..they have more money. Speculation abounds on the size of the now very ex Reuter Thompson chief 'golden handshake'

While the group would not reveal the details of any payoff, it confirmed its outlook for the full year 2011 yesterday adding that there would be ‘one-time charges’ related to the ‘restructuring’.

He took home £6m in pay and bonuses last year. Under the terms of a historic service contract seen by the Mail, which is not thought to have changed significantly, he will be entitled to ‘cessation compensation’.

This would see him collect his 12-month salary and a ‘relevant bonus’ calculated by multiplying this figure by the highest percentage of bonus received over the last three years.

Together with Glocer’s shares and options, worth £17.4m, he could walk away with a cool £24m.

The American also had a reputation for engineering a range of lavish perks on top of his handsome rewards. While based in London running Reuters he received an annual £268,000 housing allowance and was paid £409,403 to relocate back to New York in 2008.

Glocer’s previous contract also showed he had benefited from ‘the cost of business class travel from New York to London (and return) five times a year’ for his ‘spouse, children and nanny’.