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Severance Pay

Can't Afford a Severance Package? 5 Alternatives to Consider

Val Matta | Posted 05.11.2014 | Business
Val Matta

One of the hardest parts about being a manager or decision maker is having to let an employee go. While benefits like severance packages can sometimes ease a firing, what happens when you can't afford them?

CEO's Severance Pay Under Fire

AP | By JOSHUA FREED | Posted 07.24.2013 | Business

The Justice Department is objecting to a proposed $20 million severance payment for American Airlines CEO Tom Horton, saying it's bigger than allowed ...

The Golden Parachute Is Un-American

David Macaray | Posted 11.07.2012 | Business
David Macaray

But if you fail to do the one thing they hired you to do -- i.e., earn money for the company -- why would you expect to be rewarded for it?

Severance Pay and Federal and New Jersey Taxes

Lowell Kirschner | Posted 09.30.2012 | Money
Lowell Kirschner

Employers customarily award severance pay to their former employees -- but there are some income, employment and possible excise tax implications to the employer and former employee with respect to severance pay.

How Does a Career Change Affect My Taxes?

Women & Co | Posted 06.10.2012 | Money
Women & Co

Have you made a job transition in the past year? Keep reading to learn some of the ways your recent change could affect your taxes.

Romney's $44 Million Bailout Secret

Reuters | Andy Sullivan and Greg Roumeliotis | Posted 01.06.2012 | Politics

(Reuters) - It was funny at first. The young men in business suits, gingerly picking their way among the millwrights, machinists and pipefitters at...

Executive Will Rake In $100 Million For Relinquishing Responsibilities

The Huffington Post | Jillian Berman | Posted 01.23.2012 | Business

As most Americans have watched their incomes fall during the recession and recovery, one CEO is netting a huge cash payment for relinquishing some res...

What to Consider When Offered a Severance Package

Don McNay | Posted 07.28.2011 | Business
Don McNay

Economic decisions shouldn't be ignored. Some severance packages are lucrative and offered on a one time basis. Financial considerations are one part of the package, not the whole package.

She Landed the Perfect Job, but Couldn't Land the Title

Fred Whelan and Gladys Stone | Posted 05.25.2011 | Business
Fred Whelan and Gladys Stone

A Vice President of Operations at a Fortune 1000 retailer restructured herself out of her job. The retailer had been hurting and the VP decided it wa...

Get Rich Cheating: Hayward's Severance

Jeff Kreisler | Posted 05.25.2011 | Books
Jeff Kreisler

Aspiring cheaters, CEOs, and other crooks: Tony Hayward is getting about $18 million to ruin BP and the Gulf.

Too Old For A Job, Too Young For Medicare Or Social Security

Dave Johnson | Posted 05.25.2011 | Politics
Dave Johnson

It's near-impossible to get a job or health insurance if you are over 50. I wonder what the effect would be if the government started again enforcing its own rules on age discrimination and contracting.

Things to Consider When Taking a Buyout or Severance Package (Video)

Don McNay | Posted 05.25.2011 | Business
Don McNay

I've found that people leaving old line companies, even with a severance package, were more bitter than those where companies treated employees like interchangeable parts.

Severance Packages Provide False Sense Of Comfort

wsj.com | MARY PILON | Posted 05.25.2011 | Business

The long-term jobless rate hits its highest point on record. More than a third of those who are out of work have been looking for more than six months...

Gannett Now Cutting Severance PayFor Laid-Off Employees

New York Times | RICHARD PÉREZ | Posted 05.25.2011 | Media

But rather than pay severance, as it did in previous rounds, Gannett is paying what is called supplemental unemployment benefits, which allows the com...

The 'Funemployed' Enjoy Unemployment

Los Angeles Times | Kimi Yoshino | Posted 11.17.2011 | Healthy Living

What most people would call unemployment, Van Gorkom embraced as "funemployment." While millions of Americans struggle to find work as they face fo...

Severance Packages and Steroids

Lance Simmens | Posted 05.25.2011 | Politics
Lance Simmens

It is really not complicated: cheating is wrong. But more importantly, once you get caught there are negative consequences.

Freddie-Fannie Payoffs

Jeff Danziger | Posted 05.25.2011 | Business
Jeff Danziger

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How to Quit Your Job

Joel Schwartzberg | Posted 11.17.2011 | Healthy Living
Joel Schwartzberg

Leaving a job on purpose is an unusual concept for our parents and grandparents, who generally stayed with the same job their whole lives.

Higher Fuel Prompts Delta to Cut Jobs

AP | HARRY R. WEBER | Posted 05.25.2011 | Business

ATLANTA — Delta Air Lines, faced with a weak economy, dimmer hopes of a combination with Northwest Airlines and record fuel prices that are eati...

Sanity After Severance

Tevis Trower | Posted 11.17.2011 | Healthy Living
Tevis Trower

Like the dot-com bust, but very, very, very different, severance is not such a remote possibility these days. Just yesterday employment consulting an...

Countrywide CEO Shamed Into Forefeiting $37.5 Million Severance Pay

Wall Street Journal | JAMES R. HAGERTY | Posted 05.25.2011 | Business

Angelo Mozilo, chairman and chief executive officer of Countrywide Financial Corp., is giving up $37.5 million of severance pay, fees and benefits in ...