they absolutely are for average people. I can guarantee you every "project manager" (aka, useless e-girls who schedule meetings and file HR complaints between lattes) got a severance package.
You said "why do you think severance packages are so juicy"...those people are getting the generous severance packages CEO's get, even proportional to their salary.
Their best severance package seems to be a couole months of salary.
CEO compensation packages leave them able to retire with multiple expensive houses. These are the higher ones:
Whiting Petroleum Corporation ($14.6 million for top executives)
University of Arizona ($7.29 million for head football coach)
University of Texas ($24 million for football coaches)
Tenet Healthcare Corporation ($875,000 bonus and $11.3 million in stock awards for CEO)
MGM Resorts International ($32 million for CEO)
ABC (8-figure payout for The Bachelor and The Bachelorette host)
If you fired and weren't already looking for a job, 2 months salary just covers your bills until you get a new job. That's a nicety...it's not a lot.
An equivalent payout for lower level employees would be like they get $750k, enough to retire but only if they're really stingy.
they absolutely are for average people. I can guarantee you every "project manager" (aka, useless e-girls who schedule meetings and file HR complaints between lattes) got a severance package.
You said "why do you think severance packages are so juicy"...those people are getting the generous severance packages CEO's get, even proportional to their salary.
Their best severance package seems to be a couole months of salary.
Unless you know something I don't...
A couple months salary. Full cobra coverage. Automatic bearing of complete 401K.
Yeah. That’s a pretty sweet deal if you’re gonna get fired anyways.
CEO compensation packages leave them able to retire with multiple expensive houses. These are the higher ones:
If you fired and weren't already looking for a job, 2 months salary just covers your bills until you get a new job. That's a nicety...it's not a lot.
An equivalent payout for lower level employees would be like they get $750k, enough to retire but only if they're really stingy.