He has a cushy job that is low-stress. He has no new ideas or ever does anything controversial.
The sad part is he has a defined-benefit pension with so many years in that his income would go up when he retires, not down, since he would also collect social security on top of a pension that is almost as much as his salary. And since he has put off social security for about 8 years, he will be raking that in, too.
None of it makes any sense, and as you point out, a young person somewhere is doing without a job...
When I see cases like that, I really appreciate BMW's management philosophy which cycles people through management positions. Do your job then move on.......let the next guy have a chance to do a better job. Hopefully, he does and we get something called progress.