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Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report Israel kills head of Hezbollah Intelligence. Status: Not Logged In; Sign In Business See other Business Articles Title: Outsize Severance Continues for Executives, Even After Failed Tenures Source: New York Times URL Source: http://www.nytimes.com/2011/09/30/b ... er-failed-tenures.html?_r=1&hp Published: Sep 29, 2011 Author: ERIC DASH Post Date: 2011-10-01 12:11:26 by lucysmom Keywords: None Views: 23337 Comments: 56 The golden goodbye has not gone away. Just last week, Léo Apotheker was shown the door after a tumultuous 11-month run atop Hewlett-Packard. His reward? $13.2 million in cash and stock severance, in addition to a sign-on package worth about $10 million, according to a corporate filing on Thursday. At the end of August, Robert P. Kelly was handed severance worth $17.2 million in cash and stock when he was ousted as chief executive of Bank of New York Mellon after clashing with board members and senior managers. A few days later, Carol A. Bartz took home nearly $10 million from Yahoo after being fired from the troubled search giant. A hallmark of the gilded era of just a few short years ago, the eye-popping severance package continues to thrive in spite of the measures put in place in the wake of the financial crisis to crack down on excessive pay. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest #1. To: A K A Stone, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, mininggold, brian s, mcgowanjm (#0) Now comes Mr. Apotheker’s $13.2 million severance payout when the stock price was cut in half. That is made up of $7.2 million in cash, the ability to sell $3.6 million of restricted stock and a $2.4 million bonus. H.P., which paid $2.9 million to relocate Mr. Apotheker to California, will now pay to move him to Belgium or France and cover losses of up to $300,000 on the sale of his house. I would be willing to fail twice as good at half the price. How does one fail AND get paid a bonus? "You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric lucysmom  posted on  2011-10-01   12:19:18 ET  Reply   Trace   Private Reply   #2. To: lucysmom (#1) A friend of mine was let go - he semi-expected it with the economy and all. I think he gets 6 months of severance at about 80% of 225K per year salary. Fred Mertz  posted on  2011-10-01   12:27:28 ET  Reply   Trace   Private Reply   #3. To: lucysmom (#1) How does one fail AND get paid a bonus? You should ping Badeye. He might know. Skip Intro  posted on  2011-10-01   14:29:20 ET  Reply   Trace   Private Reply   #4. To: Skip Intro, Badeye (#3) You should ping Badeye. He might know. Badeye, how does one fail and get paid a bonus? "You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric lucysmom  posted on  2011-10-01   16:47:37 ET  Reply   Trace   Private Reply   #5. To: lucysmom (#0) The banks are down 50% now since July. But bonuses will still be demanded. who will pay them? mcgowanjm  posted on  2011-10-02   9:44:14 ET  Reply   Trace   Private Reply   #6. To: All (#5) In other words while the pipeline nationwide for shadow inventory may be declining at a slow turtle like pace, little of this is happening in high priced markets with absurd levels of hidden inventory like in Beverly Hills or Culver City for example. Adding fuel to the fire, the incredibly high mortgage limits are set to expire which will keep the faux-bourgeoisie from buying their $1 million shack in a preferred zip code simply by going into massive debt. They will now need to come to the table with some solid cash and a respectable income. Realtors are bemoaning this and trying to fight tooth and nail to keep it in place because they realize how phony some of these buyers are in terms of their actual net worth. mcgowanjm  posted on  2011-10-02   9:59:07 ET  Reply   Trace   Private Reply   #7. To: lucysmom (#0) Most execs negotiate severance up front. I'm just a pissant in the Wall Street scheme of things but I have a severance clause in my contract that refers to another clause that, in essence, parses "rightful cause" down to a very narrow sense. I could fuck up a trade and cost the company $100K and that still wouldn't be considered rightful cause. Had the terms of the contract been carried out, these people probably would have made a lot more. I'm just trying to give some context. America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-02   11:29:55 ET  Reply   Trace   Private Reply   #8. To: lucysmom (#4) Okay...now that I've cleaned off my monitor... BWAHAHAHAHAHAHAHA... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-02   11:31:55 ET  Reply   Trace   Private Reply   #9. To: lucysmom (#4) Badeye, how does one fail and get paid a bonus? I'll ignore skippy's bullshit, and answer you honestly. I've NEVER understood that concept. How inthe world GM lost 6 billion dollars in one year, and gave the CEO at the time a bonus over 10 million for 'annual performance' simply staggers me. Thats why I thought bailing out GM via taxpayer money was absolute insanity, and was 100% against doing so. Same for the banks btw. Our government, led by Bush at the time, propped up failed business models. And eventually we will have to bail them out once again, if only because these business entities only learned one lesson. 'If we screw up, THEY think we're to Big to Fail!'. The precedent set should frighten then hell out of every taxpayer, irregardless of party affiliation. btw, we've never lost money here in my company. Which demonstrates skippy's ignorance. Proxy IP's are amusing.....lmao Badeye  posted on  2011-10-02   11:46:49 ET  Reply   Trace   Private Reply   #10. To: war (#7) I'm just trying to give some context. In the larger context, an average Joe gets the boot through no fault of his own and is labeled a parasite cause his severance package is unemployment insurance. It don't look right to the peeps. "You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric lucysmom  posted on  2011-10-02   11:48:19 ET  Reply   Trace   Private Reply   #11. To: lucysmom (#10) I understand all that. I am 100% pro-union as you know... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-02   11:50:11 ET  Reply   Trace   Private Reply   #12. To: Badeye, lucysmom, Skip Intro (#9) (Edited) btw, we've never lost money here in my company “We were a multi-million-dollar-a-year business just 36 months ago,” said [Boofer]. Now, [TitsUp Inc.] employs only five people and is now only a few months from bankruptcy, largely due to the fact that the company is handling only 150 criminal history searches — or five percent of normal — on a daily basis. “We made money under Clinton,” he said. “We made money under Bush. We are being KILLED under Obama! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Alert the B schools, LM, "being killed" and "months away from bankruptcy" area new terms for "PROFITS"... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-02   11:54:55 ET  Reply   Trace   Private Reply   #13. To: war, Badeye (#12) “We made money under Clinton,” he said. “We made money under Bush. We are being KILLED under Obama! Ahh, but you see, the failure is Obama's, not Badeye's. "You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric lucysmom  posted on  2011-10-02   12:25:33 ET  Reply   Trace   Private Reply   #14. To: lucysmom (#13) (Edited) How is "months away from bankruptcy" translated into "never lost money"? We've been there back with one of our first enterprises...we weren't getting paid and bills were getting put off...then Clinton got his budget plan passed... My guess tho...is Boofer is just a liar... Dog bites man...sun sets in west...film at 11... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-02   12:29:48 ET  Reply   Trace   Private Reply   #15. To: war (#14) Why do you keep bringing Badeye into the conversation when this isn't about him? Why are you so obsessed with him? A K A Stone  posted on  2011-10-02   12:32:42 ET  Reply   Trace   Private Reply   #16. To: A K A Stone (#15) (Edited) Read the thread, doof. Have you ever noticed that you are never correct about anything that you accuse me of doing? America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-02   12:34:48 ET  Reply   Trace   Private Reply   #17. To: war (#16) This article is about Hewelitt Packard. I'm not trying to "penalize" you or anything. I was just curious. A K A Stone  posted on  2011-10-02   12:37:26 ET  Reply   Trace   Private Reply   #18. To: A K A Stone (#17) (Edited) I'm curious as to why you felt the need to post something that was nowhere near reality. A) I didn't bring Boofer into this thread and if you'd have actually read the thread then you'd know this. B) I didn't comment about Boofer until after he commented about himself. C) Why do I have to explain to you how your own website works? America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-02   12:39:35 ET  Reply   Trace   Private Reply   #19. To: war (#18) Ok my bad. I thought you were pulling comments from that one site again. Carry on. Sorry. A K A Stone  posted on  2011-10-02   12:42:53 ET  Reply   Trace   Private Reply   #20. To: A K A Stone (#19) No worries. America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-02   12:45:52 ET  Reply   Trace   Private Reply   #21. To: A K A Stone (#15) Thats like asking rain man why he's focused on underwear....(chuckle) Proxy IP's are amusing.....lmao Badeye  posted on  2011-10-02   14:15:14 ET  Reply   Trace   Private Reply   #22. To: lucysmom (#13) Ahh, but you see, the failure is Obama's, not Badeye's. Ummm, goofy? What 'failure'? News flash, sunshine. My company is turning a profit. Its not anywhere near what it was under Clinton, let alone under Bush, but we are turning a profit. So...tell me, what failure are you speaking of? Proxy IP's are amusing.....lmao Badeye  posted on  2011-10-02   14:17:19 ET  Reply   Trace   Private Reply   #23. To: All (#22) Well, goofy? What 'failure' are you talking about? I'm waiting.... Proxy IP's are amusing.....lmao Badeye  posted on  2011-10-02   14:23:25 ET  Reply   Trace   Private Reply   #24. To: Badeye (#23) Well, goofy? What 'failure' are you talking about? I'm waiting.... Translated: The Bengals are getting their asses kicked... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-02   14:57:07 ET  Reply   Trace   Private Reply   #25. To: Badeye (#21) #19. To: war (#18) Ok my bad. I thought you were pulling comments from that one site again. Carry on. Sorry. A K A Stone posted on 2011-10-02 12:42:53 ET Reply Trace Private Reply America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-02   14:58:34 ET  Reply   Trace   Private Reply   #26. To: Badeye (#22) So...tell me, what failure are you speaking of? If it ain't growing, it's contracting and is thus a failure. "You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric lucysmom  posted on  2011-10-02   16:31:41 ET  Reply   Trace   Private Reply   #27. To: lucysmom (#26) So...tell me, what failure are you speaking of? If it ain't growing, it's contracting and is thus a failure. Whats Owe-bama have to do with this? lmao. Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'? God, I couldnt' SCRIPT something that would display liberal insanity more than what you posted. THANK YOU GOOFY. Proxy IP's are amusing.....lmao Badeye  posted on  2011-10-03   8:36:33 ET  Reply   Trace   Private Reply   #28. To: Badeye, lucysmom, Skip Intro, Fred Mertz (#27) Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'? Potential Boofer ***MELTDOWN*** Ping... He was "months away from bankruptcy" but making a PROFIT. I hear Harvard *B* School is offering him tenure... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-03   9:19:44 ET  Reply   Trace   Private Reply   #29. To: war (#28) BE: Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'? war: He was "months away from bankruptcy" but making a PROFIT. It must be that I am a liberal cause I don't understand how one can go bankrupt while making a profit...hmmm - unless - his business is doing fine but his personal finances are a mess. "You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric lucysmom  posted on  2011-10-03   9:26:39 ET  Reply   Trace   Private Reply   #30. To: Badeye (#27) Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'? Is this you, Badeye? We were a multi-million-dollar-a-year business just 36 months ago ...now only a few months from bankruptcy... Were you telling the truth now, or then? "You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric lucysmom  posted on  2011-10-03   10:12:04 ET  Reply   Trace   Private Reply   #31. To: lucysmom (#30) We were a multi-million-dollar-a-year business just 36 months ago ...now only a few months from bankruptcy... Were you telling the truth now, or then? I'm telling the truth in both instances goofy. You honestly believe businessmen just 'stand pat'? Confronted by decreasing revenues, we adjusted accordingly, like EVERY COMPANY. We cut expenditures across the board, didn't replace a staffer that gave birth to her 2nd child and became a 'stay at home mom'. Would have preferred it to be otherwise, but in the failing Owe-bama economy, you do what you have to do. Are you really this stupid, or is this just an act? Honestly, I'm still laughing at your assertion making a profit is somehow a 'failure'. Sheesh. Proxy IP's are amusing.....lmao Badeye  posted on  2011-10-03   10:17:16 ET  Reply   Trace   Private Reply   #32. To: Badeye (#31) I'm telling the truth in both instances goofy. Chuckles...a company "months away from bankruptcy" is NOT making money, asswipe. And anyone with a minimal sense of business understands that "revenue" does not equal "making money". This is why NO-ONE - except the Juniors and Peggys - will EVER take you seriously Boofer. replace a staffer that [sic] gave birth... In the TitsUp article, you claimed to have reduced your staff from 9 to 5. My question is: Did she have triplets? America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-03   10:28:53 ET  Reply   Trace   Private Reply   #33. To: Badeye (#31) Would have preferred it to be otherwise, but in the failing Owe-bama economy, you do what you have to do. #27. To: lucysmom (#26) So...tell me, what failure are you speaking of? If it ain't growing, it's contracting and is thus a failure. Whats Owe-bama have to do with this? lmao. Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'? God, I couldnt' SCRIPT something that would display liberal insanity more than what you posted. THANK YOU GOOFY. Proxy IP's are amusing.....lmao Badeye posted on 2011-10-03 8:36:33 ET Reply Trace Private Reply "You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric lucysmom  posted on  2011-10-03   10:29:47 ET  Reply   Trace   Private Reply   #34. To: lucysmom (#32) PING to above... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-03   10:30:16 ET  Reply   Trace   Private Reply   #35. To: lucysmom (#33) And? You reinforce you're and idiot AGAIN, and you think thats a rebuttal? Once again, its why I call you 'goofy'. And to be honest, thats being polite about it. Proxy IP's are amusing.....lmao Badeye  posted on  2011-10-03   10:31:54 ET  Reply   Trace   Private Reply   #36. To: Badeye, war (#35) You reinforce you're and idiot AGAIN, and you think thats a rebuttal? Just noting the ever shifting sands of truth in Booferville. "You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric lucysmom  posted on  2011-10-03   10:41:23 ET  Reply   Trace   Private Reply   #37. To: lucysmom, Badeye (#36) If it ain't growing, it's contracting and is thus a failure. In the "Boofer Rules For Business" the term "decreasing" does not mean contracting but expanding. Gee...and I was just getting this stuff down, which I guess, means up now... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-03   10:44:56 ET  Reply   Trace   Private Reply   #38. To: lucysmom (#36) That left a well defined mark n the land where many dwell... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-03   10:45:28 ET  Reply   Trace   Private Reply   #39. To: Badeye (#35) You reinforce you're and [sic] idiot AGAIN, and you think thats [sic] a rebuttal? Wow...you made him use a contraction and he confused "and" for "an" in one sentence... I haven't seen Boofer this rattled since his ice maker went on the fritz @ Happy Hour... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-03   10:48:02 ET  Reply   Trace   Private Reply   #40. To: lucysmom (#39) PING to above...sorry... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-10-03   10:48:21 ET  Reply   Trace   Private Reply         .       .       . Comments (41 - 56) not displayed. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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