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While the timing was awkward, the decision to shut the W.U.S.A.'s doors was made today so that the league could pay its debts and offer a sufficient severance package to its employees, John Hendricks, the league's founder and chairman, said in a conference call with reporters.
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Several staff members accepted an offer to stay on board through the end of the week, working for free there wasn't sufficient cash to offer severance packages in the hope that a new investor could be found.
"In turn, the executive failed to exercise sufficient oversight of the 40 BBC staff involved in authorising severance payments to departing senior managers," the committee added.
Former employees at some units have filed lawsuits contending that Charter violated federal law by failing to give them sufficient notice of the unit's closings and paying them severance benefits.
However, each job move during my short and turbulent career had created a small pot of severance pay and in the pre-bubble days of the London property market this was sufficient to put down a deposit each time and build up a small portfolio.
This is your severance package".
It calls the payment "severance".
"Severance agreements are often very lucrative".
"It's called severance.
Lester Speiser Severance, N.Y.
Severance payment talks ensue.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com