Sad: you and 17,600 Target Canada employees are losing your jobs. Spiffy: you’re splitting $56 million in severance pay. Sick: the ex-CEO who killed the company is getting $61 million in severance pay himself
I don’t like this behavior at all. I’m NOT a fan of multi-million dollar severance packages, or sign-on packages.
When I started for First Data, the only sign-on bonus I got was the chance to take & pass a drug test. Frank’s information on employment is public record.
I’m sure if I was to leave (without my agreement, ie fired). I would not get a package. I might not even get my unused vacation. Which is standard procedure.
Businesses are private & can do what they want. BUT there is no good reason for these.