severance

American Airlines' Flight Out of Bankruptcy Gets Bumpier

American Airlines executives hoping to bring the deficit-riddled carrier out of bankruptcy want to trim about 13,000 jobs. They left their unions' counteroffer sitting on the tarmac. Will the two sides ever be able to meet in the middle?

HP to Launch Investigation into Hurd's Departure

Hewlett-Packard is planning an independent investigation into the circumstances surrounding the forced resignation of CEO Mark Hurd last year and the compensation package he received. A shareholder lawsuit claims HP's directors wasted company money by awarding Hurd as much as $53 million in severance.

Conan and NBC Settle, Clearing the Way for Jay 3.0

Our long national nightmare is over: Conan O'Brien and NBC are parting ways in peace, if not amity. In a deal first reported in The Wall Street Journal and expected to be announced officially later today, the network will pay the Tonight Show host $32 million to walk away from his show, stay off television for an unknown duration and avoid saying anything disparaging in public about NBC or its executives.