Entries tagged "severance"
Ken Lewis will not be getting his $1.5 million salary or bonus this year. But while this is a step in the right direction, it will have little tangible effect on the CEO.
Out as CEO, Wendelin Wiedeking may have warm memories of German carmaker Porche as well as a $71.2 million severance to ease his sorrows.
Losing your job wasn't bad enough. Now your former employer says you owe it money.
Laid off Lehman Brothers Holdings Inc. employees just saw things go from bad to worse. Not only are they job hunting in the midst of thousands of layoffs at other financial firms, but some ex-Lehman staffers are seeing their severance payments cut off due the bank's bankruptcy filing. ...