Gilbert Scharf, chief executive of Maxcor, and its finance director, Steven Vigliotti, are leaving in the wake of last week's $109 million (€86.8m) takeover by BGC Partners. Scharf will leave with almost $28m. Vigliotti will go with $1.2m.

According to takeover documents, Scharf will have received a $3.5m upfront cash payment, a further $2.35m in stages over the next three years, subject to his agreement not to compete, and $22m for his 21% stake.