Sir Martin Sorrell, the former boss of advertising giant WPP, had his pay slashed by more than 70% in his last year at the helm of the advertising giant - although he will still take home £13.9 million.
The advertising guru, who left the firm abruptly just weeks ago in the wake of allegations of personal misconduct, saw his pay packet drop from £48.1 million last year.
The latest number, disclosed in WPP's annual report, also represents a dramatic drop from the £70.4 million he was awarded in 2016.
It reflects the falling value of Sir Martin's long-term share incentive plan, which fell from £41.5 million to £10 million.
The WPP founder's short-term bonuses also fell, dropping from £3 million to nothing.
Investors have branded Sir Martin's pay deals "excessive" and "ridiculous" in the past and a third of shareholders staged a protest by voting against the company's remuneration policy in 2016.
However, Sir Martin is still set to pick up nearly £20 million in payouts from WPP over the next five years as part of an exit deal.
In its annual report, WPP chairman Roberto Quarta said: "2017 was a challenging year for your company as a combination of technology-driven structural changes and pressure on marketing budgets held back WPP's financial performance.
"2018 has brought other challenges. The departure of the group chief executive was, of course, a difficult moment for WPP.
"The board's succession planning has always considered two scenarios: the planned transition over time and the unforeseen event.
"We would not have chosen the latter, but that is what happened and we were prepared for it."