The Senate moved a step closer to curbing the severance bonuses paid to top managers ousted during takeover fights.
Roughly a third of the staff quit by yesterday's 5 P.M. deadline, established by the paper's owner for receiving a severance bonus of eight weeks pay.
At that time you will give out final pay and severance bonuses.
The bill would also prohibit managements, during a hostile takeover battle, from adopting large severance bonuses if they lose control of the company.
When members of the network were in danger of being exposed, they were retired with generous severance bonuses.
The company expects some employees will accept a severance bonus on a voluntary basis, and others will be transferred to other Exxon division.
As an inducement to work-rule changes and a reduced labor force, the Times had offered severance bonuses, job guarantees and a longer-than-usual contract extending to the year 2000.
Roughly a third of The New York Post's news staff resigned by the deadline for receiving a severance bonus.
Pilots also have the option of resigning in return for a severance bonus.
Ah, it's sort of a cooperative trading arrangement, a lot of veterans pooling our severance bonuses.