Lehman Employees Say Good-Bye to Severance Packages

The NY Post reports on the overall unfairness of former Lehman Brothers employees' severance being cut off, while "former Lehman Brothers CEO Dick Fuld received a total compensation package of $71.9 million last year." Though a former employee--who was laid off in March after 16 years with the firm--had signed a severance agreement giving her pay and health insurance through April 2009, she received a letter last month saying it was ending because of the bankruptcy. A few weeks ago during the chaos, Dealbreaker heard from more recently laid-off Lehman employees who were told their severance would run out soon or be non-existent.

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By Jen Chung in News on October 4, 2008 1:50 PM

Comments [rss]

Postman

Yes, they got the 'One’ and the ‘Five’ buyout.

The upheld middle finger is the ‘One’, and

shaking of the five fingers to say: ‘Bye-Bye’ is the ‘Five’!

Snoopy

Live by the sword. Die by the sword.

contro

#Dirk

That's right the fuckers deserved it, they don't like it see you comment.

@NannyState

LOL. They'l love that severence package.

More like Lehman fuckers

contro

#Dirk

That's right the fuckers deserved it, they don't like it see you comment.

@NannyState

LOL. They'l love that severence package.

More like Lehman fuckers

NannyState

Just give them their severances in Lehman stock. Problem solved.

everyAframe

They're a corporation, that's what corporations do. What's the surprise?

Dirk

Tough shit.

blablanyc

That's the reality of it all.

Slacks11

I remember The Post doing the same thing to members of the Newspaper Guild almost 15 years ago to the week. Talk about unfair.

JacqueMehoff

they gave it to them sans lube.

Shinobi Shaw

Workers, you fully know by now that you're a debt slave to your feudal lords. How does it feel to be a slave to the Corporations, the Bankers, and Foreign powers?