The former chief executive of Waddell & Reed will leave the mutual fund firm with more than $14 million in stock, cash and benefits, a Kansas City Star report reveals through documents it obtained from a Securities and Exchange Commission filing.

Keith Tucker, who resigned last week as Waddell & Reed's chairman and CEO, has been signed to an 8-year consulting contract, whereby the firm was scheduled to pay him $6 million in cash, half of it sometime before today. Tucker, 60, will earn the remainder of the money at the scale of $1,690 an hour. He's also eligible to receive the $2.6 million in his retirement account and retains the $3.86 million worth of company stock that is not yet vested.

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