Mr. Schwarzenegger told his wife about the affair only late last year, at the end of his public service career, and shortly after the mother of his son left the job with severance after working for the family for 20 years.
Boards scrambled to reprice options to mitigate the impact of sharply lower stock prices, and even executives who were blamed for major mistakes walked away with severance packages fit for royalty.
Both men, along with Lawrence M. Nagin, US Airways' general counsel, had been entitled to leave with severance pay, which totaled $45 million for all three, according to the terms of the United merger, even though it was never completed.
Many companies are growing more open-handed with severance and are spending more on outplacement services for their departing workers.
Yet, Tyndall would remain employed at the university health center for almost 30 years, until USC finally forced his resignation, with severance, in June 2017.
Yelp said in its earnings yesterday that it will take a restructuring charge of between $2 million and $4 million in Q4, with the majority related to severance for affected employees.
But with "Severance," Butler has one-upped himself.
Firms should be able to fire employees with severance pay, some argued.
CNN said it will work to find some different roles for some of the 22-person Beme team, but others would be let go with severance.
"The buyer pool is large because people have been downsized with severance packages," he says.
