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Mr. Prince's departure package is smaller than some others on Wall Street.
PATRICK McGEEHAN Photo: Richard Thalheimer, founder of the Sharper Image, says his $5.7 million departure package ought to be bigger, but he also got a perk many would envy: 50 percent off all gadgets, forever.
Compared to Mr Chizik, Mr Tuberville's departure package looks like a bargain: depending on Mr Chizik's luck on the job market, Auburn may have to pay him over $7.5m for him to walk away.Auburn's merry-go-round has been particularly costly, but the university is hardly alone in paying its coaches millions to come and millions more to leave early.
[Page C1.] Auto Industry Seeks to Find Best Buyout Strategy Creating the perfect departure package is a crucial element in enticing workers off the payrolls at both General Motors and Delphi, which are negotiating with the United Automobile Workers over the future of thousands of autoworkers at both companies.
Update, 09 18, 23 August 2011: Here are a few additional questions raised by my post last night on the terms of Mr Coulson's departure package from the News of the World. 1) Why weren't Mr Coulson's payments from News International "mitigated" to use the jargon, or reduced by News International after he started drawing salary from the Conservative Party?
His departure package could include $7.4 million in severance, relocation expenses and more, according to a securities filing.
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Self-interest plays a role in these sweetened departure packages.
For the women, "departure packages" would include a moving bonus, a Lonely Planet guidebook and a one-way ticket to Incheon, South Korea, or maybe Moose Pass, Alaska.
Mr. Minder's proposal would also ban departure packages like the $78 million payout that Novartis, the pharmaceutical company, agreed to give its departing chairman, Daniel Vasella.
Once there, trapped and in limbo, the asylum seekers are unlawfully offered a token repatriation fee to encourage them into accepting so-called "voluntary departure packages" and relocate to third-party African countries.
Other executives who will be compensated in similar fashion for their departures include CFO Bob Swan, whose exit package is estimated to be around $12 million; Senior Vice President and General Counsel Michael Jacobson; Senior Vice President of Global Human Resources Beth Axelrod; and Senior Vice President of Corporate Communications Alan Marks.
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