The former chief executive of the electronics group Filtronic, who was ousted from the company this year as it announced a plunge into the red, received a £379,000 pay-off, according to the company's report and accounts.
John Roulston, who joined the Yorkshire-based business in September 2004 and left on January 30 this year, pocketed about £567,000 for the year to end-May despite working only eight months of that financial year. His package was up from £189,000 in the previous year.
According to Filtronic's report and accounts, Mr Roulston was on a rolling contract requiring nine months' notice and "there are no specific compensation commitments for early termination". The report adds that the £379,000 was made up of £216,000 salary in lieu of notice and holiday pay plus £163,000 as "compensation for loss of office".
The company's founder, David Rhodes, who moved from chairman to take over from Mr Roulston, received £283,000 for the year, up from £256,000 in 2005.
In January, shares in Filtronic plunged after the company reported an interim pre-tax loss of more than £5.5m, compared with a profit of £3.5m in the previous year. Shares in the company dropped from 244.5p to 170p. The company announced that Mr Roulston was stepping down in a move that Mr Rhodes described at the time as "instigated by the non-executive directors".
Rhys Williams, a non-executive director, said: "John has many merits but the pace at which strategy was being implemented was at variance with the quick decision-making this business requires."
There had been a series of high-profile departures from the group in the months leading up to Mr Roulston's exit and insiders said they were due to the chief executive's management style.
Since his departure the company has announced the sale of much of its wireless infrastructure business to Powerwave Technologies of the US and notched up an annual pre-tax loss of £6.7m, compared with a profit of £9.5m in the previous year. Last month Mr Rhodes announced his intention to retire from the business.
When the Powerwave negotiations were revealed, Filtronic was valued at less than the mooted price attached to the division being sold, highlighting the City's deep discounting of a company that consistently failed to meet analysts' forecasts.
Filtronic is due to receive £81m in cash plus £20.7m in Powerwave shares. The Powerwave share price, however, has been falling recently, and with it the value of the deal, leading to speculation that it might have to be renegotiated. Shareholders are due to vote on the deal this month.