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Paul Mauceli, president of Reef Securities, could not be reached for comment. Kirk said he was planning to quit anyway next year to "run the horse park" and had been given an ultimatum to end those outside activities. "I said, 'OK, I'm fired.'"

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No less significantly he retains his support at the top. He has been instrumental in delivering the government's complex health reforms now being rolled out across the NHS,Michael Kors.