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  2. Golden handshake - Wikipedia

    en.wikipedia.org/wiki/Golden_handshake

    A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses their job through firing, restructuring, or even scheduled retirement. [1]

  3. Executive compensation in the United States - Wikipedia

    en.wikipedia.org/wiki/Executive_compensation_in...

    Some examples of severance pay to dismissed CEOs criticized as excessive include: Mattel's CEO who received a $50 million severance package after two years of employment despite overseeing a stock price fall of 50 per cent; $49.3 million payouts to Conseco's CEO, who left the company in "a precarious financial situation" [128]

  4. Golden parachute - Wikipedia

    en.wikipedia.org/wiki/Golden_parachute

    Most definitions specify the employment termination is as a result of a merger or takeover, [1] [2] [3] also known as "change-in-control benefits", [4] but more recently the term has been used to describe perceived excessive CEO (and other executive) severance packages unrelated to change in ownership (also known as a golden handshake). [5]

  5. Here's how to get the best exit package after a layoff - AOL

    www.aol.com/finance/heres-best-exit-package...

    For example, you might receive two to four weeks of pay per year of service. In a recent mass layoff at Google, workers received 16 weeks of pay, plus two weeks for every year of service.

  6. Starbucks’ ousted CEO oversaw a $32 billion drop in market ...

    www.aol.com/finance/starbucks-ousted-ceo-oversaw...

    According to Starbucks’ executive severance plan, ... In 2023, Narasimhan’s total pay package was valued at $14.6 million. Based on the company’s disclosures, the $10.6 million is what ...

  7. A Guide to Severance Packages - AOL

    www.aol.com/news/guide-severance-packages...

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  8. Severance package - Wikipedia

    en.wikipedia.org/wiki/Severance_package

    Severance packages are often negotiable, and employees can hire a lawyer to review the package (typically for a fee), and potentially negotiate. However, employees are never entitled to any severance package upon termination or lay-offs. [3] Severance packages vary by country depending on government regulation.

  9. ‘Let’s talk about a severance package’: This former Credit ...

    www.aol.com/finance/let-talk-severance-package...

    Negotiating a severance is likely a no-can-do even among the most valued service workers, for starters. Just imagine a star barista hitting up an indie coffee shop owner for six weeks' pay.

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