TITLE

Job Creation Package Is Just A Start

AUTHOR(S)
Sanders, Elizabeth
PUB. DATE
November 2005
SOURCE
Grand Rapids Business Journal;11/14/2005, Vol. 23 Issue 47, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on a new job creation package in Michigan. The job creation package includes a 100 percent personal property tax credit in 2006 and 2007 for businesses that bring jobs and equipment into Michigan from another state or country. In the past, bankrupt companies would give upper-level employees large severance packages in order to retain them. Now there is a cap on severance pay to prevent that loss of money.
ACCESSION #
18976966

 

Related Articles

  • Are executives departing for 'poor performance' entitled to notice? Wynn-Evans, Charles // People Management;8/12/2010, p31 

    The article discusses whether senior executives who are about to leave their company should be compensated for their notice period, receive reduced compensation, or get no compensation at all. An explanation of how severance payments are based on contractual notice entitlements is given....

  • "Golden Parachutes": A Closer Look. Cochran, Philip L.; Wartick, Steven L. // California Management Review;Summer84, Vol. 26 Issue 4, p111 

    This article describes various aspects related to the policy of golden parachutes (GP). Discussed are golden parachutes in regards to changes in organizational control, voluntary and involuntary termination, and guaranteed employment provisions. In regards to the question of who has golden...

  • golden parachute. Stim, Richard // Contracts: The Essential Business Desk Reference;2010, p181 

    An encyclopedia entry for "golden parachute" is presented. It refers to an agreement by which a departing executive receives a payment such as severance pay, bonuses, or stock options. It may be part of an executive's original employment contract or part of a severance package when the executive...

  • Another Swat for Fannie -- This Time Over Severance. Davenport, Todd; Paletta, Damian // American Banker;12/29/2004, Vol. 169 Issue 248, p4 

    Reports that compensation and benefits for outgoing Fannie Mae executives Franklin Raines and Timothy Howard startled observers. Reference to the fact that Mr. Raines' options would be worth $5.5 million if they were exercised at a recent price of the stock; Possibility that the value will be...

  • Shea pay package puts him in exclusive company. Murphy, Tom // Indianapolis Business Journal;8/23/2004, Vol. 25 Issue 24, p44 

    Focuses on the hefty severance packages Conseco Inc. doled out for its executives since 2000. Amount received by William J. Shea when he resigned as Conseco chief executive officer; Severance packages received by previous executives who have resigned before Shea; Statement of Spokesman Jim...

  • 'Golden Parachutes' Up in Financial Downturn.  // Financial Executive;Apr2012, Vol. 28 Issue 3, p11 

    The article summarizes a study by the tax-advisory unit of professional-services company Alvarez & Marsal that found an increase among companies in the incidence of golden parachute severance plans for executives.

  • The lowdown on high flyers. Dixon, Daryl // Bulletin with Newsweek;08/31/99, Vol. 117 Issue 6189, p70 

    Points out that a large portion of the redundancy pay of young executives in Australia who are retrenched due to mergers can be lost in taxes. Percentage of pay which can be lost to taxes; Taxes involved; Hypothetical cases.

  • Trial Marriages for Managers.  // Management Review;Apr73, Vol. 62 Issue 4, p33 

    Predicts that companies will resort to the probationary period to appoint new managers that pass their standards. Application to both high- and lower-level employees; Distress over the high failure rate of new managers; Advantages of paying severance pay.

  • Executive Commentary. Meehan, Robert H. // Academy of Management Executive;Nov93, Vol. 7 Issue 4, p77 

    The article presents the opinion of the author on severance payments for executives. The author contends that severance should be considered neither good nor bad simply based on its application to executives or regular employees. He asserts that severance payments are most commonly the result of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics