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seo expert2019 2021-11-16
Yet the brass-tacks principles of employment law and the harshness of employee severance and termination scenarios often overtake that romanticism. Most of these artists intend to abandon these day jobs, with or without an employment severance package, once they get signed to a development deal, record contract, or otherwise "make it". What if the company counts on using an employment severance package as a hedge against risk of an after-occurring wrongful-termination lawsuit? It is not uncommon that a soon-to-be-terminated worker starts calling attorneys as soon as offered an employment severance package. The severance and employee-exit scenario most often entails some analysis of employment legal issues governing the exit.
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Annie Kelley 2017-03-01

HPE's offering some SimpliVity staff the chance to join the ranks of the Living Dead.

After showing the door to some workers last week, HPE has now approached some of those who survived with offers of employment that “... will end no later than [Insert Date].”*

SimpliVity staff aren't keen on this arrangement, because they tell us colleagues who were dismissed outright received full severance pay.

This Living Dead deal will come with a payment upon conclusion of employment, but SimpliVity staff tell us it will be a smaller sum.

Worse still, it looks like some of those asked to stay on at HPE's pleasure are being asked to train HPE staff in how to sell and service SimpliVity.

Over on The Layoff, former staff are venting, with tales of SimpliVity management telling them that long weeks and months of work would pay off with a lucrative exit.

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0
William Cutright 2016-09-12
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Several Yahoo executives, including CEO Marissa Mayer, have been rewarded with golden parachutes worth a combined $89 million ahead of the struggling web giant s sale to Verizon.Tops among the group of five executives whose golden parachutes were listed in an official regulatory filing: Mayer, who will exit Yahoo with a golden parachute valued at slightly more than $44 million.The severance package would be awarded to Mayer if she leaves after Verizon completes its $4.8 billion purchase of Yahoo, a fallen digital giant that once was the kingpin of the internet but was subsequently shoved aside by new titans such as Google.Mayer s golden parachute consists primarily of $41 million in stock grants and $3 million in cash.

The cash consists primarily of a $2 million bonus and a $1 million base salary, according to a Yahoo filing with the Securities and Exchange Commission.Lisa Utzschneider, Yahoo s chief revenue officer, was granted a golden parachute of $20.5 million.

The Utzschneider severance package included $19.2 million in stock and $1.2 million in cash.Ronald Bell, Yahoo s general counsel, was handed a severance package totaling $12.4 million.

Bell s parachute included $11.1 million in equity and $1.2 million in cash.Chief Financial Officer Ken Goldman received a $12.2 million golden parachute.

Goldman s severance package consisted of $11 million in stock and $1.2 million in cash.Co-founder and Chief Yahoo Larry Filo received a comparatively small severance package, compared to the others, totaling $65,000, the SEC filing showed.Filo, however, upon the sale s conclusion, will be able to supplement his relatively tiny golden parachute with the payday he can expect when Verizon gobbles up all of Yahoo s shares, likely to occur in early 2017.The SEC files show that Filo, as of the filing date on Sept. 9, owned roughly 70.7 million shares.

At the current Yahoo stock price of roughly $43.50, that many shares — which as of Aug. 25 amounted to 7.4 percent of Yahoo s shares — would have a value of nearly $3.08 billion.Mayer owns about 3.6 million shares of Yahoo.

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0
James Mckinnis 2017-06-21
img

Netflix isn’t afraid to fire people.

In fact, the company is very open about giving underperforming employees the ax when they are not part of Netflix’s vision for the “dream team.”

That pain is, however, eased by a "minimum" 4-month, full-pay severance package.

“If you think of a professional soccer team, it is up to the coach to ensure that every player on the field is amazing at their position, and plays very effectively with the others,” Netflix wrote in a new document outlining its company philosophy.

“We model ourselves on being a team, not a family.

A family is about unconditional love, despite your siblings’ unusual behavior.

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0
Ronald Gibson 2017-06-16
img

Verizon execs should be pleased with the discount it seemingly bullied out of Yahoo in recent months, as the company will take a $500 million pre-tax charge relating severance, acquisition and integration costs.

Part of the cost will be related to job cuts which have been announced by Oath’s new CEO Tim Armstrong recently.

The newly formed media business expects to cut in the region of 2,100 jobs, roughly 15% of the workforce.

Cuts have been made this week at the Huffington Post, though where the other redundancies will be made is not clear for the moment.

“In connection with the transaction, Verizon expects to record severance, acquisition and integration related expenses of approximately $500 million pre-tax in the second quarter of 2017.

Verizon expects to realize over $1 billion in cumulative operating expense synergies from the transaction through 2020.”

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0
Robert Tuohy 2016-09-10
img

FILE - In this Feb. 19, 2015, file photo, Yahoo President and CEO Marissa Mayer delivers the keynote address at the first-ever Yahoo Mobile Developer's Conference, in San Francisco.

Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.

Mayer hasn't announced plans to leave, but industry observers say she's unlikely to stay after the $4.8 billion sale closes early next year.

AP Photo/Eric Risberg, File More

SAN FRANCISCO AP — Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.

The 41-year-old executive stands to collect $3 million in cash and almost $41 million worth of stock options and awards under a "golden parachute" agreement described in a regulatory filing Friday.

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0
seo expert2019 2020-05-17

In prior articles I have alluded to the fact that many people think bodily an entertainment lawyer is a indulgent existence.

being an entertainment lawyer entails a lot more than hanging-out in the same way as capability backstage or on the tour bus.

What if the company counts upon using an employment severance package as a hedge neighboring risk of an after-occurring wrongful-termination lawsuit?These with few years have comprised a particularly bad grow old in terms of employee and contractor lay-offs and firings.

As a full of life entertainment lawyer in other York I have seen many artists and others downscale and modify jobs in recent years.

Many situations which used to prompt a severance package to materialize in the prior decade, realize not realize therefore any longer.

even if written by me as a media and entertainment attorney effective later than entertainers, the same principles apply to employment acquit yourself in additional industries and sectors.

collect
0
Danny Knackstedt 2017-03-01
img

Yahoo chief executive Marissa Mayer will lose her annual bonus and the company’s top lawyer has been removed over their mishandling of security breaches that exposed the personal information of more than 1 billion users.

Mayer’s cash bonus is worth about $2m a year and her personal cost from the security flaws increased when the board also accepted her offer to relinquish an annual stock award worth millions of dollars.

Mayer, whose management team was found by an internal review to have reacted too slowly to one breach in 2014, said on Wednesday she wanted the board to distribute her bonus to Yahoo’s entire workforce of 8,500 employees.

The board did not say if it would do so.

Although Yahoo’s security team uncovered evidence that a hacker backed by an unnamed foreign government had pried into user accounts in 2014, executives “failed to act sufficiently” on that knowledge, according to the results of an internal investigation disclosed Wednesday.

At that time, Yahoo only notified 26 people that their accounts had been breached.

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0
James Desmond 2017-09-27
img

The data breach at Equifax just cost the company's CEO his job.

The board of the credit-monitoring company said Tuesday that Richard Smith is stepping down, effective immediately.

While the full effects of the hack have yet to be determined, the potential for trouble is staggering.

As one of three major credit agencies in the US, Equifax holds data on nearly every single American who has a credit card or has applied for a loan.

The Equifax incident is among the largest hacks in US history and the biggest known leak of this year.

While Equifax sets its own house in order, the world at large has to reckon with a recurring wave of cybersecurity lapses and the seeming inability of businesses and government agencies to erect adequate defenses.

collect
0
Joan Zappulla 2016-12-09

We re going to assume that Dan Clinch is a teacher who s either found a great way to get his students excited about chemistry, or is just looking to get fired with a comfortable severance package.

Because having them pass around what appears to be an invisible flaming bubble of propane looks both amazing and dangerous at the same time.

The students seem just fine after frantically passing the fireball onto their peers, but hopefully Dan hasn t created a room of budding arsonists with this hands-on lesson in fire fun.

collect
0
Brett Ames 2016-12-09
img

We re going to assume that Dan Clinch is a teacher who s either found a great way to get his students excited about chemistry, or is just looking to get fired with a comfortable severance package.

Because having them pass around what appears to be an invisible flaming bubble of propane looks both amazing and dangerous at the same time.

The students seem just fine after frantically passing the fireball onto their peers, but hopefully Dan hasn t created a room of budding arsonists with this hands-on lesson in fire fun.

collect
0
Ramon Delo 2015-11-18
img

emissions of the scandal because of bad difficulties, the German car manufacturer Volkswagen reduced the number of employees up to 30 000, the news agency Reuters reported.

staff reductions are agreed to Volkswagen and the company's employees unions.

Volkswagen and the unions also agreed that anyone does not terminate in 2025.

This means that large-scale staff reductions be implemented by granting the severance package, by offering early retirement and by reducing part-time work tekijötä.

staff reductions, Volkswagen aims to cut costs in their home country Germany, where its costs are relatively high.

at the Same time the company is trying to get the size of billions of euros, which it will have to use fines and compensation related to the company's emissions scandal.

collect
0
Bart King 2018-01-18
img

Netflix encourages employees to interview at other companies, and to talk with their managers about what they learn.

The company's former chief talent officer, Patty McCord, says it can help you learn how much you're worth and clarify your professional goals.

It can even help you find people to recruit to your current company.

Case in point: Hard work isn't enough to get ahead.

If you're not effective at your job, you're gone.

And even if you are effective, when the company's needs evolve, it may very well oust you — albeit with a generous severance package.

collect
0
Rosalie Bishop 2018-06-25
img

Just last month, IBM CEO Ginni Rometty told a convention audience that we’re at an inflection point in history.

Putting AI into everything will enable businesses to improve on “an exponential curve,” she said—a phenomenon that might one day be referred to as “Watson’s Law.”

But according to engineers swept up in a major round of layoffs within IBM’s Watson division last month, the company’s promotions of its “cognitive computing” platform mask its own real difficulties in turning its AI into a profitable business.

They allege that IBM’s leadership mismanaged their company since its acquisition, and say the problems at Phytel are emblematic of IBM’s struggles to make Watson profitable.

“Phytel was a really good company, it was really strong,” says the second, who also asked for anonymity to preserve his severance package.

Instead Colley provided the following statement about the layoffs: “This activity affects a small percentage of our Watson Health workforce, as we move to more technology-intensive offerings, simplified processes, and automation to drive speed.

collect
0
Leon Bailey 2019-03-06

Snap reached settlements with three women last year who alleged discrimination at the company after they were laid off, according to The Wall Street Journal.

Snap was previously accused of having a “toxic” workplace with a “pervading sexist vibe,” and the new allegations say that women weren’t given the opportunity to rise up in the company’s ranks.

The layoffs were alleged to have disproportionately targeted women, according to the Journal, with one round of job cuts eliminating only women from a pair of small teams.

At least three people were given additional cash and stock on top of their severance package after making complaints, the report says.

Snap says that the layoffs “impacted both men and women” and that “the decisions we made when determining the people impacted had absolutely nothing to do with gender.” Men also received additional severance after negotiations, according to a Snap spokesperson.

Of the 218 people Snap laid off during the first half of 2018, 70 percent were men, the spokesperson said.

collect
0
David Reilly 2019-02-12
img

Blizzard Entertainment, the creator of huge video game franchises like "Overwatch," "World of Warcraft," and "Hearthstone," is undergoing a big round of layoffs, Kotaku reports.

Activision Blizzard, the parent company of Blizzard, has seen its stock lose almost half its value since October 2018.

The move seems to confirm earlier new reports from Bloomberg.

Blizzard is responsible for flagship gaming franchises including "World of Warcraft," "Overwatch," "Hearthstone," and "Diablo."

In a memo to staff obtained by Kotaku, Blizzard leadership promised an "comprehensive severance package" to affected employees.

Kotaku reports that the job cuts could affect as many as hundreds of employees.

collect
0
seo expert2019 2021-11-16
Yet the brass-tacks principles of employment law and the harshness of employee severance and termination scenarios often overtake that romanticism. Most of these artists intend to abandon these day jobs, with or without an employment severance package, once they get signed to a development deal, record contract, or otherwise "make it". What if the company counts on using an employment severance package as a hedge against risk of an after-occurring wrongful-termination lawsuit? It is not uncommon that a soon-to-be-terminated worker starts calling attorneys as soon as offered an employment severance package. The severance and employee-exit scenario most often entails some analysis of employment legal issues governing the exit.
William Cutright 2016-09-12
img

Several Yahoo executives, including CEO Marissa Mayer, have been rewarded with golden parachutes worth a combined $89 million ahead of the struggling web giant s sale to Verizon.Tops among the group of five executives whose golden parachutes were listed in an official regulatory filing: Mayer, who will exit Yahoo with a golden parachute valued at slightly more than $44 million.The severance package would be awarded to Mayer if she leaves after Verizon completes its $4.8 billion purchase of Yahoo, a fallen digital giant that once was the kingpin of the internet but was subsequently shoved aside by new titans such as Google.Mayer s golden parachute consists primarily of $41 million in stock grants and $3 million in cash.

The cash consists primarily of a $2 million bonus and a $1 million base salary, according to a Yahoo filing with the Securities and Exchange Commission.Lisa Utzschneider, Yahoo s chief revenue officer, was granted a golden parachute of $20.5 million.

The Utzschneider severance package included $19.2 million in stock and $1.2 million in cash.Ronald Bell, Yahoo s general counsel, was handed a severance package totaling $12.4 million.

Bell s parachute included $11.1 million in equity and $1.2 million in cash.Chief Financial Officer Ken Goldman received a $12.2 million golden parachute.

Goldman s severance package consisted of $11 million in stock and $1.2 million in cash.Co-founder and Chief Yahoo Larry Filo received a comparatively small severance package, compared to the others, totaling $65,000, the SEC filing showed.Filo, however, upon the sale s conclusion, will be able to supplement his relatively tiny golden parachute with the payday he can expect when Verizon gobbles up all of Yahoo s shares, likely to occur in early 2017.The SEC files show that Filo, as of the filing date on Sept. 9, owned roughly 70.7 million shares.

At the current Yahoo stock price of roughly $43.50, that many shares — which as of Aug. 25 amounted to 7.4 percent of Yahoo s shares — would have a value of nearly $3.08 billion.Mayer owns about 3.6 million shares of Yahoo.

Ronald Gibson 2017-06-16
img

Verizon execs should be pleased with the discount it seemingly bullied out of Yahoo in recent months, as the company will take a $500 million pre-tax charge relating severance, acquisition and integration costs.

Part of the cost will be related to job cuts which have been announced by Oath’s new CEO Tim Armstrong recently.

The newly formed media business expects to cut in the region of 2,100 jobs, roughly 15% of the workforce.

Cuts have been made this week at the Huffington Post, though where the other redundancies will be made is not clear for the moment.

“In connection with the transaction, Verizon expects to record severance, acquisition and integration related expenses of approximately $500 million pre-tax in the second quarter of 2017.

Verizon expects to realize over $1 billion in cumulative operating expense synergies from the transaction through 2020.”

seo expert2019 2020-05-17

In prior articles I have alluded to the fact that many people think bodily an entertainment lawyer is a indulgent existence.

being an entertainment lawyer entails a lot more than hanging-out in the same way as capability backstage or on the tour bus.

What if the company counts upon using an employment severance package as a hedge neighboring risk of an after-occurring wrongful-termination lawsuit?These with few years have comprised a particularly bad grow old in terms of employee and contractor lay-offs and firings.

As a full of life entertainment lawyer in other York I have seen many artists and others downscale and modify jobs in recent years.

Many situations which used to prompt a severance package to materialize in the prior decade, realize not realize therefore any longer.

even if written by me as a media and entertainment attorney effective later than entertainers, the same principles apply to employment acquit yourself in additional industries and sectors.

James Desmond 2017-09-27
img

The data breach at Equifax just cost the company's CEO his job.

The board of the credit-monitoring company said Tuesday that Richard Smith is stepping down, effective immediately.

While the full effects of the hack have yet to be determined, the potential for trouble is staggering.

As one of three major credit agencies in the US, Equifax holds data on nearly every single American who has a credit card or has applied for a loan.

The Equifax incident is among the largest hacks in US history and the biggest known leak of this year.

While Equifax sets its own house in order, the world at large has to reckon with a recurring wave of cybersecurity lapses and the seeming inability of businesses and government agencies to erect adequate defenses.

Brett Ames 2016-12-09
img

We re going to assume that Dan Clinch is a teacher who s either found a great way to get his students excited about chemistry, or is just looking to get fired with a comfortable severance package.

Because having them pass around what appears to be an invisible flaming bubble of propane looks both amazing and dangerous at the same time.

The students seem just fine after frantically passing the fireball onto their peers, but hopefully Dan hasn t created a room of budding arsonists with this hands-on lesson in fire fun.

Bart King 2018-01-18
img

Netflix encourages employees to interview at other companies, and to talk with their managers about what they learn.

The company's former chief talent officer, Patty McCord, says it can help you learn how much you're worth and clarify your professional goals.

It can even help you find people to recruit to your current company.

Case in point: Hard work isn't enough to get ahead.

If you're not effective at your job, you're gone.

And even if you are effective, when the company's needs evolve, it may very well oust you — albeit with a generous severance package.

Leon Bailey 2019-03-06

Snap reached settlements with three women last year who alleged discrimination at the company after they were laid off, according to The Wall Street Journal.

Snap was previously accused of having a “toxic” workplace with a “pervading sexist vibe,” and the new allegations say that women weren’t given the opportunity to rise up in the company’s ranks.

The layoffs were alleged to have disproportionately targeted women, according to the Journal, with one round of job cuts eliminating only women from a pair of small teams.

At least three people were given additional cash and stock on top of their severance package after making complaints, the report says.

Snap says that the layoffs “impacted both men and women” and that “the decisions we made when determining the people impacted had absolutely nothing to do with gender.” Men also received additional severance after negotiations, according to a Snap spokesperson.

Of the 218 people Snap laid off during the first half of 2018, 70 percent were men, the spokesperson said.

Annie Kelley 2017-03-01

HPE's offering some SimpliVity staff the chance to join the ranks of the Living Dead.

After showing the door to some workers last week, HPE has now approached some of those who survived with offers of employment that “... will end no later than [Insert Date].”*

SimpliVity staff aren't keen on this arrangement, because they tell us colleagues who were dismissed outright received full severance pay.

This Living Dead deal will come with a payment upon conclusion of employment, but SimpliVity staff tell us it will be a smaller sum.

Worse still, it looks like some of those asked to stay on at HPE's pleasure are being asked to train HPE staff in how to sell and service SimpliVity.

Over on The Layoff, former staff are venting, with tales of SimpliVity management telling them that long weeks and months of work would pay off with a lucrative exit.

James Mckinnis 2017-06-21
img

Netflix isn’t afraid to fire people.

In fact, the company is very open about giving underperforming employees the ax when they are not part of Netflix’s vision for the “dream team.”

That pain is, however, eased by a "minimum" 4-month, full-pay severance package.

“If you think of a professional soccer team, it is up to the coach to ensure that every player on the field is amazing at their position, and plays very effectively with the others,” Netflix wrote in a new document outlining its company philosophy.

“We model ourselves on being a team, not a family.

A family is about unconditional love, despite your siblings’ unusual behavior.

Robert Tuohy 2016-09-10
img

FILE - In this Feb. 19, 2015, file photo, Yahoo President and CEO Marissa Mayer delivers the keynote address at the first-ever Yahoo Mobile Developer's Conference, in San Francisco.

Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.

Mayer hasn't announced plans to leave, but industry observers say she's unlikely to stay after the $4.8 billion sale closes early next year.

AP Photo/Eric Risberg, File More

SAN FRANCISCO AP — Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.

The 41-year-old executive stands to collect $3 million in cash and almost $41 million worth of stock options and awards under a "golden parachute" agreement described in a regulatory filing Friday.

Danny Knackstedt 2017-03-01
img

Yahoo chief executive Marissa Mayer will lose her annual bonus and the company’s top lawyer has been removed over their mishandling of security breaches that exposed the personal information of more than 1 billion users.

Mayer’s cash bonus is worth about $2m a year and her personal cost from the security flaws increased when the board also accepted her offer to relinquish an annual stock award worth millions of dollars.

Mayer, whose management team was found by an internal review to have reacted too slowly to one breach in 2014, said on Wednesday she wanted the board to distribute her bonus to Yahoo’s entire workforce of 8,500 employees.

The board did not say if it would do so.

Although Yahoo’s security team uncovered evidence that a hacker backed by an unnamed foreign government had pried into user accounts in 2014, executives “failed to act sufficiently” on that knowledge, according to the results of an internal investigation disclosed Wednesday.

At that time, Yahoo only notified 26 people that their accounts had been breached.

Joan Zappulla 2016-12-09

We re going to assume that Dan Clinch is a teacher who s either found a great way to get his students excited about chemistry, or is just looking to get fired with a comfortable severance package.

Because having them pass around what appears to be an invisible flaming bubble of propane looks both amazing and dangerous at the same time.

The students seem just fine after frantically passing the fireball onto their peers, but hopefully Dan hasn t created a room of budding arsonists with this hands-on lesson in fire fun.

Ramon Delo 2015-11-18
img

emissions of the scandal because of bad difficulties, the German car manufacturer Volkswagen reduced the number of employees up to 30 000, the news agency Reuters reported.

staff reductions are agreed to Volkswagen and the company's employees unions.

Volkswagen and the unions also agreed that anyone does not terminate in 2025.

This means that large-scale staff reductions be implemented by granting the severance package, by offering early retirement and by reducing part-time work tekijötä.

staff reductions, Volkswagen aims to cut costs in their home country Germany, where its costs are relatively high.

at the Same time the company is trying to get the size of billions of euros, which it will have to use fines and compensation related to the company's emissions scandal.

Rosalie Bishop 2018-06-25
img

Just last month, IBM CEO Ginni Rometty told a convention audience that we’re at an inflection point in history.

Putting AI into everything will enable businesses to improve on “an exponential curve,” she said—a phenomenon that might one day be referred to as “Watson’s Law.”

But according to engineers swept up in a major round of layoffs within IBM’s Watson division last month, the company’s promotions of its “cognitive computing” platform mask its own real difficulties in turning its AI into a profitable business.

They allege that IBM’s leadership mismanaged their company since its acquisition, and say the problems at Phytel are emblematic of IBM’s struggles to make Watson profitable.

“Phytel was a really good company, it was really strong,” says the second, who also asked for anonymity to preserve his severance package.

Instead Colley provided the following statement about the layoffs: “This activity affects a small percentage of our Watson Health workforce, as we move to more technology-intensive offerings, simplified processes, and automation to drive speed.

David Reilly 2019-02-12
img

Blizzard Entertainment, the creator of huge video game franchises like "Overwatch," "World of Warcraft," and "Hearthstone," is undergoing a big round of layoffs, Kotaku reports.

Activision Blizzard, the parent company of Blizzard, has seen its stock lose almost half its value since October 2018.

The move seems to confirm earlier new reports from Bloomberg.

Blizzard is responsible for flagship gaming franchises including "World of Warcraft," "Overwatch," "Hearthstone," and "Diablo."

In a memo to staff obtained by Kotaku, Blizzard leadership promised an "comprehensive severance package" to affected employees.

Kotaku reports that the job cuts could affect as many as hundreds of employees.