Severance deals add up for some former CEOs, senior staffers
- April 15, 2016 |
- LORI SHARN BRYANT
A look at the latest tax form data shows why you should negotiate details of separation in your contract Goodbye packages for departing CEOs and senior staffers are often not so simple as "x" number of months of salary. A close look at the most recent tax forms filed by associations shows that some payments—whether officially considered severance or not—can boost final compensation by many tens of thousands of dollars. Higher-than-usual bonuses, accrued vacation time and even consulting fees added significantly to the money some executives received upon leaving an organization. Former Aircraft Owners and Pilots Association CEO Craig Fuller, for example, received $71,556… Read More