According to the Associated Press, that figure could be as much as £2.64m, including his £499,000 salary along with a range of perks that include bonus, stock options and an above-market performance for deferred compensation.

Because Angelson did not complete a five-year tenure in the role at RR Donnelley, he will not be paid a pension, according to a Securities and Exchange Commission filing posted on Thursday. It read: "the only benefits he will receive in connection with his resignation will be his accrued vacation pay."

RR Donnelley will pay around £10,900 to his savings plans. Stock options that Angelson vested during 2006 also netted £1.25m. He did not receive further stock awards during that year.

Angelson announced his retirement on 19 March, described it as a "Termination for other than Good Reason”.

He will be replaced by chief financial officer Thomas Quinlan.

Thursday's filing also alluded to a 24 May annual shareholder meeting, during which votes will be taken on a proposal to throw out the two-thirds super-majority needed to approve transactions, including a sale or merger of the company, although no such transaction was mentioned.