November 7, 2000 |
Former Philadelphia School Superintendent David Hornbeck will get a severance package worth nearly $260,000 under an agreement approved by the Board of Education yesterday. The agreement spells out that Hornbeck's departure in August was a mutual decision and that he and the school board were at odds over "strategies," specifically in how they would go about seeking additional funding from state leaders. Hornbeck's style was combative; the board and Mayor Street have recently adopted a more cooperative and collaborative approach.
July 15, 2005
Just consider the stunning financial rewards that would have been possible for former WorldCom chairman Bernard J. Ebbers had he done an honest job, rather than bankrupting the company he founded with $11 billion in accounting fraud. Here was a chief executive officer - in other words, a prince of American commerce. As a class, on average, CEOs last year each pulled down nearly $10 million in salary and other compensation. That's more than 350 times what the average office or shop-floor worker makes.
September 16, 1998 |
Residents will pay the township's recently fired managing director more than $55,000 under a severance package approved by the council last night. The vote was 3-1, with Council President William Tuthill voting against. Councilman John Annuziata abstained. Carmen Raddi, 45, would continue receiving his salary, about $26,000, and benefits until the end of this year. In January, he also will earn $31,000 for unused sick pay, vacation time, and personal days. To take effect, the settlement still must be signed by Raddi, who said in an interview last night that he had not seen the proposal.
October 1, 1993 |
In a move that will allow Struthers-Dunn Inc. to relocate to Connecticut, the union representing 185 hourly-wage employees has accepted a $1 million severance pay package. Local 140 of the International Union of Electronic, Electrical, Salaried Machine & Furniture Workers voted, 159-26, Wednesday night to accept the severance offer, said Jo-Anne Sheppard, union recording secretary. In exchange, the company will be permitted to breach the union contract by transferring operations to a sister plant in Windsor, Conn.
August 22, 2000 |
Because of a controversial severance package that Lincoln University trustees awarded president Niara Sudarkasa when she agreed to resign during the 1998-99 school year, Sudarkasa earned one of the highest salaries of any college president in the region that year. Her $312,300 easily outdistanced the pay awarded to the leaders of many of the region's colleges, a review of university tax forms shows. Judith Rodin, University of Pennsylvania president, retained her perch atop the list, earning $503,163 in salary in 1998-99, along with $52,392 in benefits.
April 22, 1997 |
A former supervisor last night called "stupid" a payout package for retired Police Chief Elmer Clawges during a meeting of a panel examining the severance package given to him. The township's Board of Elected Auditors last night began their investigation into the 1993 early-retirement plan of Clawges, who in 1994 was accused by several women of approaching them for sex, having sex with them, or sexually harassing them while he was police chief....
December 21, 1988 |
Fifty-one more workers have accepted a voluntary severance offer from SmithKline Beckman Corp., raising to 400 the number of employees who have chosen to leave, the company said yesterday. The 51 employees, who decided last week to take a special package of severance benefits, work in late-stage drug development, chemical-compound acquisition, project management and government regulatory affairs, said Jeremy Heymsfeld, a SmithKline spokesman. About 350 employees agreed earlier this month to accept the package.
May 21, 1998 |
The Rev. Robert K. Orr may be awaiting trial on child pornography charges, but he is still ensconced in the rectory at All Hallows Church. And he is not leaving without a fight. Father Orr plans to reject the latest severance package offered by the parish and the Episcopal Diocese of Pennsylvania, his attorney, John Elbert, said yesterday. That could set the stage for a legal battle that pits canon law against civil law, Elbert added. "I don't want to take them to court," Elbert said.
December 13, 2002
AFTER READING Michelle Malkin's column about King James McGreedy, Governor of Screw Jersey, and his "Executive Privilege," it shed lots of light on why I, as well as 14 former co-workers, were suddenly laid from our State of Screw Jersey jobs, despite our busy workloads (now pushed on our overburdened former colleagues), our loyalty (from 7 years' to 23 years' service) and commitment (always favorable feedback on our work). Not only were we laid off without warning, we got NO severance package whatsoever.
May 14, 2003 |
Unrest is brewing among some shareholders in the United Kingdom over GlaxoSmithKline P.L.C.'s executive-compensation policy, specifically the severance contract for chief executive officer Jean-Pierre Garnier. Just days before the pharmaceutical company's annual meeting in London Monday, several major shareholder groups have recommended that investors either abstain or vote "no" on a company remuneration report that will be presented in a resolution to shareholders. The report outlines the compensation of top executives and directors, and shareholders will vote on that for the first time.