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I got rather good severance pay, which in the UK goes untaxed for the first £30k.
Peterson said this was a field that often saw creative differences between editors and writers, adding that several union members said: "We would like the company to be able to get rid of this person if there are differences as long as they get a good severance".
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It will also take a charge for $150 million in costs related to good will and severance.
However, US Airways, which has announced plans to eliminate 11,000 jobs, said it would make good on its severance obligations.
Some union officials said that they would ask Congress to enact a law requiring American to make good on its severance commitments as a condition for receiving its part of the $15 billion in cash and loan guarantees approved by Congress and signed by President Bush last week.
Isn't a bit of severance a good thing?
The company said employees in good standing would be given severance packages and priority in hiring at other Stern's stores.
Severance is a good negotiating item, because it costs the employer nothing up front.
The investigation by the National Audit Office, published on Monday, said the BBC had "breached its own policies on severance too often without good reason".
The NAO report said the BBC had "breached its own policies on severance too often without good reason" and "put public trust at risk".
Anastasia Kelly, A.I.G.'s vice chairwoman for legal, human resources, corporate affairs and corporate communications, resigned effective Wednesday for "good reason" and is eligible for severance pay under the terms of the company's plan, A.I.G. said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com