Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: Dawesome Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1068  
Subject: BellSouth boosts severance plan Date: 3/13/2006 10:52 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
BellSouth boosts earlier severance plan

The Atlanta Journal-Constitution
Published on: 03/13/06
BellSouth is boosting a previous severance plan, thanks to the emergence of a better deal tied to the expected purchase of the company by AT&T.

The plan involves job cuts that were announced in December, before the AT&T deal. In filings with the Securities and Exchange Commission Monday, BellSouth disclosed that, for director-level managers and others in management, the company now plans to pay severance equal to 7 percent of base salary per year of service — in other words, someone with 15 years at BellSouth would get a payment equal to 105 percent of their salary. The previous total was 5 percent per year of service, equivalent to 75 percent of pay for someone with 15 years of tenure.


Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

Book Review: Dream Big
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.