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?
The world's largest automaker is looking to reduce managerial staff at its sales headquarters in Torrance, Calif., by offering workers a buyout.
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.
Mark Hurd left HP under a cloud, but thanks to a lavish severance package, his financial future looks sunny. This prompts two fundamental questions: Why did Hurd get such a generous payout? And is it fair?
Ousted Hewlett-Packard CEO Mark Hurd may be disgraced, but his bank account isn't. He's leaving the company with a severance package worth approximately $28 million in cash and stock.
Our long national nightmare is over: Conan O'Brien and NBC are parting ways in peace, if not amity. In a deal expected to be announced officially later Thursday, the network will pay the Tonight Show host $32 million to walk away.
