That type of CEO pension is small compared to those at bankrupt U.S. airlines. For example, at Delta:
"...Former Chief Executive Ron Allen was forced out in 1997 but was given an eight-year consulting contract for $500,000 annually, a lifetime pension of $765,600 per year and other benefits."
http://www.ajc.com/thursday/content/...c326b0080.html
Of course, Delta is a bigger operation and loses a lot more money than BA makes <g>...