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Industry: Email Alert RSS FeedMacy's severance package. (R.H. Macy and Co. to offer key executives lump-sum severance package in event of dismissal) (Brief Article)
Daily News Record, June, 1992
In effort to provide some security to senior executives, R.H. Macy & Co. is preparing to offer 25 of its key executives an enhanced severance package, it was learned Friday. Under the proposal, Macy's plans to offer the executives a lump-sum payment equal to 18 months of their normal salary should they be fired or leave for good reason following a change of ownership.
Macy's has not yet named which executives will be included in the new plan.
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