CALIFORNIA | LOCAL
November 25, 2011 | By Jason Song, Los Angeles Times
The board of First 5 LA will give its former chief executive officer an expensive severance package even after she resigned earlier this month following a critical audit of the agency. Evelyn V. Martinez submitted a letter on Nov. 10, saying the commissioners had required her to resign instead of being fired without cause from the independent Los Angeles County agency, which uses state cigarette taxes to fund health, safety and educational programs for children from birth to age 5. In her letter, Martinez said she was entitled to a lump sum payment equal to 12 months of salary and health benefits and her unused vacation.
WORLD
August 24, 2011 | By Henry Chu, Los Angeles Times
British Prime Minister David Cameron faced more questions about his judgment Tuesday amid reports that one of his top aides continued to receive money from the News of the World even after quitting the tabloid because of the phone-hacking scandal and signing up to work for the Conservative Party. Cameron hired Andy Coulson as the party's chief communications guru in 2007, shortly after Coulson stepped down as editor of the News of the World. His resignation followed the conviction and imprisonment of the newspaper's royal affairs reporter for illegally accessing voice mail messages left by Princes William and Harry.
WORLD
June 17, 2011 | By Anthee Carassava, Los Angeles Times
Greek Prime Minister George Papandreou faced a political rebellion Thursday when two of his Socialist party lawmakers resigned and a clutch of others challenged his leadership as the country teeters on the verge of financial collapse. Though the resignations — which followed another defection by a Socialist lawmaker this week — did not end the party's majority in the Parliament, the crisis upstaged Papandreou's vow to overhaul his Cabinet in the midst of swelling social unrest and violent protests against deep budget cuts.
BUSINESS
February 19, 2011 | By Hugo Martín, Los Angeles Times
Even on Rodeo Drive in Beverly Hills, one of the world's most expensive stretches of commercial real estate, the nation's economic woes have claimed a longtime employee. Because of budget problems, the city's visitors bureau has laid off its official ambassador, who has welcomed hundreds of tourists and visitors on Rodeo Drive for the last 11 years. Gregg Donovan, 51, the top-hat-wearing former hotel concierge, got his walking papers last month. No longer will he stroll Rodeo Drive, welcoming tourists to such high-end stores as Gianni Versace, Jimmy Choo and Battaglia.
BUSINESS
September 21, 2010 | By David Sarno
Hewlett-Packard Co. agreed Monday to end a lawsuit aimed at preventing its recently ousted chief executive, Mark V. Hurd, from going to work for rival Oracle Corp. Under the settlement, Hurd agreed not to disclose HP's trade secrets to his new employer and waived his rights to nearly 345,000 special stock units he was entitled to as part of his severance package. If sold today, they would be worth close to $14 million. In addition to the stock units he gave up, Hurd's severance package included more than $12 million in cash and 775,000 stock options that vested on the day of his resignation, worth tens of millions more.
BUSINESS
March 18, 2010 | By Tiffany Hsu
The union representing workers at a Fremont auto production plant slated to close next month said Wednesday that it had reached an agreement on a severance package worth $278 million. The workers were voting Wednesday on whether to ratify the pact with New United Motor Manufacturing Inc., which runs the plant, and results were not expected until Thursday. About 4,700 employees work at the facility, known as NUMMI. The severance package would amount to at least $21,175 per person.