Various American lawmakers are making the Dominique Strauss-Kahn affair into a bigger international incident because now they are pissed that the alleged sexual assaulter of a Times Square hotel maid is getting a $250,000 severance from the International Monetary Fund. Because that severance is partly paid by you, the American taxpayer.
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Results tagged “severance”
YOU Will Be Paying Dominique Strauss-Kahn's Severance
Bank Of America Posts $2 Billion Loss, CEO Won't Get 2009 Pay
Bank of America, which had posted a $3.2 billion profit last quarter, announced a $2.2 billion loss—$1 billion due to consumer defaults (CNN Money: "more and more Americans found themselves out of work and unable to keep up with their loan obligations") and paying the government and another $1.2 billion due to shareholder dividends. Departing CEO Ken Lewis said, "Obviously, credit costs remain high, and that is our major financial challenge going forward."
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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