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NATION



Published: Sun, February 9, 2003 @ 12:00 a.m.



NATION

Survey takes a lookat severance packages

NEW YORK -- Although golden parachutes have been legendary at big U.S. corporations, most companies are actually restrained when it comes to executive severance packages, according to a survey by Right Management Consultants, a career-transition and consulting firm.

Nearly 83 percent limit severance pay to a month or less for each year of service. And half of the 1,495 companies polled said their severance pay was determined solely by years of employment. On the benefits front, continued medical insurance was most common, 66 percent, followed by outplacement services, 58 percent. Less than a third of employers, 31 percent, paid for continued life insurance.

Benefit of joining a frat

NEW YORK -- If you want to be a chief executive or politician when you grow up, consider joining a fraternity in college.

Forty-two percent of U.S. senators and 40 percent of Supreme Court justices belonged to a frat. So did a quarter of the CEOs of the biggest companies in America, including billionaire Warren Buffett. Forbes.com perused the college fraternization of CEOs on its Forbes 500 list.

REGION

Seminar will targetreal-estate investing

MINERAL RIDGE -- The Mahoning Valley Real Estate Investors Association will hold a free real-estate investing seminar at 7:30 p.m. Monday at Theodore's Banquet Centre. Kevin Moore of Harper Realty in Florida will speak on buying government-owned homes in Florida.

Group's local chapterplans dinner meeting

WARREN -- The Warren chapter of the American Society for Metals will hold a dinner meeting at 6 p.m. Thursday at Westfork Roadhouse Restaurant in Liberty. David Pye of Pye Metallurgical Consulting will speak.

From Vindicator staff and wire reports




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