Mr. Raskin said there was "no basis for severance".
Laying off employees requires huge reserves for severance.
But Mr. Patten and others said members of the trust, which did not have responsibility over severance payments, had not been fully informed, in that Mr. Thompson had told them that Mr. Byford's severance was contractual, without making the full arrangements clear.
She asked for severance pay from her job, and got it.
The company took a 2-cent-a-share charge for severance payments in the fourth quarter.
He was also sued by his chief financial officer for severance pay, and settled for $7,000.
Attalah was tired; she had spent the day arguing for severance pay for the staff.
Excluding charges for severance and a discontinued operation, profit was $1.67 a share.
After a $380 million pretax writeoff for severance pay and the like, EDS was in the red.
Reason: A mis-accrual for severance pay and pension benefits tied to restructuring actions, Ciesielski says.
