"Andy Green will walk away with £1 million having seen his plan for Logica fail. Oh well. Thanks for trying Andy. The 1,300 people he sacked in December no doubt felt their sacrifice was worth it yesterday as the company's share price finally discovered the 'up' direction thanks to Andy's brilliant notion of selling the company before another profit warning - albeit on the cheap," said Reece.

"The fact that the share price of Logica's buyer, CGI, rose as much as 19 percent on the news that it was paying only £1.7 billion for the company says it all. Having told us in December he'd never seen 'such an extended period of uncertainty', Andy was full of the 'sense of excitement' yesterday having married Logica off."