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"They've got a severance package or a nest egg that they want to invest themselves".
At first I flipped out, but I got a severance package and unemployment, and I said: 'You know what?
Michael Ovitz, at Disney, got a severance package worth somewhere between ninety and a hundred and thirty million dollars.
After it emerged from bankruptcy last year and merged with U.S. Airways, America's creditors were fully repaid, its shareholders came out richer than they went in, and its CEO got a severance package valued at $19.9 million.
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"Everybody gets lower bonus checks, and some people get a severance package," Mr. Kotowski of Oppenheimer said.
He gets a severance package worth $72 million — but he would have gotten that anyway under his contract had he simply accepted his fate months ago and exited gracefully.
It appears that he will be out of work after the merger is completed, although he will get a severance package.
If they don't have another job at the end of the 60 days they get a severance package.
If Mattrick leaves, he gets a severance benefit worth twice his annual salary of $1 million plus two times his bonus.
Doers and doings in business, entertainment and technology: Outgoing Coca-Cola President and Chief Operating Officer Steve Heyer Steve Heyer will get a severance package of some $23 million.
"We have a huge, huge deficit and we're starting to monetize assets and lease assets, yet we can't get a severance tax done".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com