The board of Wrigley's Chewing Gum Ltd. is having a meeting. A man interrupts with news of Sir Alex's resignation, telling his colleagues, "We face ruin. Alex Ferguson has retired".
Ferguson was famous for standing on the touchline, chewing gum and yelling at players and referees, and even chewed gum during interviews. His resignation is therefore bad news for the gum manufacturer as sales will drop.
The cartoonist is, of course, exaggerating, but it would be interesting to know if Sir Alex's chewing gum habit has boosted sales over the course of his career.
Your resignation is a formal statement of your intention to leave a job or position. • The managing director has offered his resignation and it has been accepted. The corresponding verb is resign. • The most successful manager in the history of English football has resigned.