Exact(8)
Mr. Raskin said there was "no basis for severance".
Laying off employees requires huge reserves for severance.
She asked for severance pay from her job, and got it.
The company took a 2-cent-a-share charge for severance payments in the fourth quarter.
Excluding charges for severance and a discontinued operation, profit was $1.67 a share.
Attalah was tired; she had spent the day arguing for severance pay for the staff.
The charge is for severance and other costs related to the closing, CIT said.
"She asked for severance from the service and a financial offer," he said.
Related(1)
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