Severance: How to Part on the Best Terms

The downturn is hitting executives, too. Here's how to get the best severance package, including money, health insurance, and employment training

Recently dismissed chief executives of faltering big-name firms such as Wachovia's (WB) Ken Thompson and AIG's (AIG) Martin Sullivan aren't the only casualties of the economic downturn. Mid- to upper-level executives have also been taken down by the latest downsizing wave. And many of them are looking at their severance packages and wondering how to make the best of a bad situation.

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