Some executives among 130 recipients will get more than $500,000, about 200 percent of their salaries, to stay through 2009, said the person, who declined to be named because the information hasn’t been publicly disclosed. An undetermined number of lower-paid employees will also get cash awards to dissuade them from quitting, the person said.
AIG May Double Some Salaries With Retention Payments
Over the last year, US corporate leaders have often explained layoffs by saying the positions were...
United Parcel Service on Tuesday said it would cut up to 30,000 operational roles in 2026,...
