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- Xerox to offer technicians severance package.(Doing business in Stamford)(Connecticut)
- Stamford-based Xerox Corp. plans to offer 15,000 service technicians nationwide a voluntary severance package in a program to be completed by June. The technicians represent almost a half of the document company's U.S. work force. In an 8-K filing Stamford-based Xerox Corp. plans...
- Research articles 2005-03-14
- You're fired; Ousting a CEO isn't easy, and boards are historically slow to do it.(Focus: Corporate Boards)(Chief executive officer)
- Byline: DANIEL ROME LEVINE There are few tasks that corporate directors find more unpleasant than showing a chief executive the door. Among old-guard companies, pushing out the CEO can be especially awkward. It may mean firing someone on Friday Byline:...
- Research articles 2005-06-06
- Soured on sweet deal
- Institutional shareholders angry over severance pay and benefits to ousted CEO Carly Fiorina have sued Hewlett-Packard Co., raising questions of how far companies can go in giving sweet deals to departing executives. The Indiana Electrical Workers Pension Institutional shareholders angry over severance pay and benefits to ousted CEO Carly Fiorina...
- Research articles 2006-05-01
Additional Resources
- Ten Tips for Securing a Fat Severance Package
- The Find: If worse comes to worse and you're facing a lay-off, remember that there are still steps you can take to assure your employer gives you the softest landing possible. The Source: Ten tips on negotiating after a lay-off from Silicon Alley Insider. ...
- Blog posts 2008-12-05
- Dow executive gets $5.6 million severance package. (Business: In Brief).(former CEO Michael Parker)(Brief Article)
- Former CEO Michael Parker has left Dow Chemical Company with a severance package of $5.6 million, which includes a ... Former CEO Michael Parker has left Dow Chemical Company with a severance package of $5.6 million, which includes a provision barring any employment during...
- Research articles 2003-03-17
- IDOL SUES FOR $12.2M SEVERANCE PACKAGE.(John Idol; $12.2 million)(Brief Article)
- NEW YORK -- John Idol, the onetime CEO of Donna Karan, has filed suit to collect his $12.2 million severance package from his former employer. Idol, who left the company in July with a mega-payout package, hasn't yet seen a dime,...
- Research articles 2001-12-24
- Steelworkers negotiate severance package for long-term employees at Central Precision.
- TORONTO, Sep 07, 2000 Since Central Precision, Ltd. (part of Delco Remy International Inc.) announced the closure of its Toronto plant by Oct. 31, 2000, the United Steelworkers' Local 3950 has negotiated a severance package that recognizes the long-term service of the company's 200...
- Research articles 2000-09-07
- Laid Off From Work? Negotiate A Severance Package!
- Being laid off is one of the most life altering events in a person's life. For individual families, especially single parent homes, the move from being employed to being unemployed can, quickly, become the difference between shelter and being homeless. As a productive employee, dedicating loyalty to a company, now...
- White papers 2007-03-05
- Firing and the Law
- As workers become more knowledgeable about their rights, the number of wrongful-termination lawsuits is on the rise. Here's how you can avoid legal trouble when firing an employee. Title VII of the Civil Rights Act of 1964 Also known as: Title VII...
- Articles 2007-03-20
- Gormley's severance pay tops $1.8 million. (former Federal-Mogul Corp. CEO Dennis Gormley)
- Former Federal-Mogul Corp. CEO Dennis Gormley found gold in his parachute after all. Gormley was given a severance package worth more than $1.8 million. Company directors gave Wayne Smith, Gormley's heir apparent and a veteran of 26 years with the comFormer Federal-Mogul Corp. CEO Dennis Gormley...
- Research articles 1997-03-24
- Where Ethics and HR Collide
- Where Ethics and HR CollideWhere Should "Code of Ethics" Lie within an OrganizationInteresting... we have quality control on all our products and services to ensure we satisfy our customers, however, when it comes to quality control within the personnel of our company, well, where lies the responsibility to uphold the...
- Discussion threads 2008-06-25
- Reverse Spin: State Street workers took money and ran.(Briefs)
- Byline: Frederick P. Gabriel Jr. This is what happens when you offer a nice severance package at the start of the summer months in New England. State Street Corp., the Boston-based company that holds trillions of...
- Research articles 2003-07-14
- Finkelstein deal up in the air. ($3 million-plus severance deal for former chairman/chief executive officer of R.H. Macy and Company Inc., Edward S. Finkelstein) (Brief Article)
- NEW YORK FNS - The proposed $3 million-plus severance package for Edward S. Finkelstein, former chairman/chief executive officer of R.H. Macy & Co., is the subject of negotiations and could be substantially trimmed, according to sources involved in the talks. Creditors are unhappy...
- Research articles 1992-07-30
- Tower Automotive, Milwaukee Steelworkers Union Agree on Severance Package.
- By Thomas Content, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News Jan. 31--Tower Automotive and its Milwaukee steelworkers union have reached an agreement under which workers would receive severance payments averaging $11,000 to $12,000 should the company eliminate metal press operations...
- Research articles 2002-01-31
- Retrain For A New Career When Faced With A Company Lay Off Or Severance Package
- Going back to school may be necessary when faced with a job loss, particularly if working in an industry with little prospects of securing a new job. While many companies are laying-off workers, they also include educational benefits as part of severance packages. If your employer does not offer such...
- White papers 2009-01-01
- I want my cable tv. (Broadcast networks).(Jerry Kent's severance package)(Brief Article)
- It's hard to give up the perks. When Jerry Kent quit Charter Communications he got the $900,000 bonus he was owed, kept his company car, and cashed in stock worth $70 million or so. But he still wanted his free cable. A copy of Kent's severance ......
- Research articles 2001-11-19
- Dell Ad Chief Jarvis Got $1.2 Mil. Severance Deal for Not Producing Ads
- UPDATE: It turns out Jarvis did achieve something on his watch: Dell settled for $3.35 million with 34 states over the deceptive advertising of its warranties and financing terms. Dell CMO Mark Jarvis, who left the company recently, took a $1.225 million severance package with him. The...
- Blog posts 2009-01-13
- APS announces voluntary severance program results
- PHOENIX--BUSINESS WIRE--Nov. 20, 1996--As part of its previously announced plan to position the company for competition in the energy marketplace, APS Wednesday announced that 655 employees have taken the voluntary severance package which was initiated on Oct. 15, 1996. "This marks another important stage in our ongoing...
- Research articles 1996-11-20
- Minnesota Workers at Quality Park Products to Vote on Severance.(Originated from Saint Paul Pioneer Press, Minn.)
- Aug. 3--Although union negotiators call it a raw deal, workers at Quality Park Products are asking themselves: What if the next offer is no offer at all? Quality Park is getting ready to move its envelope manufacturing jobs from its plant at 2520 Como Ave., St....
- Research articles 1996-08-03
- Ullman to exit Macy's Jan. 31, 1995. (R. H. Macy and Company Inc. chairman Myron E. Ullman)
- R. H. Macy and Company Inc CEO Myron E. Ullman announced that he will leave his post Jan 31, 1995 after the company completes its merger with Federated Department Stores. Ullman is credited with improving the company's buyer-planner system but was unsuccessful in his attempt to keep the firm independent...
- Research articles 1994-09-20
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