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(See footnote 7 for more details on payout levels in other studies).
While previous literature documents weak effects of unionization on payout policy on average, we find that this average relationship hides significant heterogeneous effects of unionization on payouts across firms that depend on firm profitability.
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"There is no set ceiling on payouts".
There is not much information on payouts to founders and employees when a company backed by venture capital is sold.
The generous severance payments emerged in a National Audit Office report that revealed the BBC had spent £60m on payouts to outgoing executives in the past eight years.
Tony Hall, the BBC director general who said the corporation "lost the plot" on payouts, backed the HR director during her previous appearance before MPs in July.
The separate long-term bonus was calculated on payouts to shareholders, earnings per share and the performance of WHSmith's share price over the last three years.
We're engaged in productive conversations with the labels and publishers around increasing transparency on payouts which we believe can answer many artist concerns.
Because of the cap on payouts, he said, many lawyers refuse to represent malpractice victims, making it difficult for them to pursue claims.
"There is a place for the small farmer," he said, "but they have to be smart and not rely on payouts".
And as the uproar over bonuses has grown here, the body has worked closely with its hand-picked chief executive, Stephen Hester, to cut back on payouts.
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CEO of Professional Science Editing for Scientists @ prosciediting.com