Most of those newly minted vice-presidents resigned from Compaq in June 1999, a year after the merger and just days before their severance packages were due to expire.Even after the deal went through, Compaq moved slowly.
After Balanchine's death, Peter Martins took over and eventually, according to Farrell, fired her... Before her severance from N.Y.C.B., she had done highly praised settings of six Balanchine ballets.
Mr. Byford was made redundant in October 2010 after 31 years with the BBC but remained on the staff with pay for eight months before receiving severance of nearly £1 million (about $1.55 million): a year's salary of £474,500 and the same again in lieu of notice.
The practice was revealed in a New York Times report this year that found that at least 19 employees who had resigned in recent years from the New York Power Authority, the state-owned utility, were required to keep secret the circumstances of their departures before obtaining severance pay or benefits.
The case was not filed until 15 days before the severance tax was due.
Executive bonuses were paid out before worker severance at Toys R Us, and workers fought for months to win back just a portion of what they believed they were owed.
She spent three weeks under guard, at one point writing in a letter to her mother that if she was not released she "would take whatever steps necessary, like slitting my wrists", before finally signing a severance agreement.
Mr. Verwaayen would have gotten $3.3 million as of April 23, but because he resigned before then, his severance package is being renegotiated.
Special items included charges for closing installations, $465 million before taxes for severance and $32 million in pretax costs for the acquisition of Champion International in Stamford.
Simon Choy, who became director of compensation and benefits worldwide for Tupperware last year, said he was scared off from a competing offer from a technology company when executives brought up severance before he asked.
In the latest quarter, Nordstrom took charges totaling $43.9 million before taxes for severance pay for former executives, write- offs of certain technology investments and the drop in value of the company's investment in Streamline.com, an Internet grocery retailer.
