He was also sued by his chief financial officer for severance pay, and settled for $7,000.
As in our sample, however, these wages are positively correlated with financial variables like severance payments and savings.
A Chapter 7 resolution could authorize further financial sanctions and the severance of diplomatic relations with Syria.
Laid-off financial workers typically get large severance packages, including the use of outplacement services.
The financial details of Mr. Nasser's severance package were not disclosed and may not become known until the company files its proxy statement in the spring.
Layoffs on Wall Street tend to have less of an immediate effect on unemployment statistics because financial companies often hand out severance that tides people over for weeks or months, delaying their need to seek unemployment benefits, analysts said.
Directors at Tyco International forced Mark H. Swartz, its former chief financial officer, to forfeit $91 million in severance pay this summer, for example.
The layoffs cost about $120 million in severance, said Stephen Crawford, the chief financial officer.
In addition, Mr. Cuomo said A.I.G. had agreed to suspend a $10 million severance payment to its chief financial officer, Stephen J. Bensinger, who is leaving the company.
