How to conduct a termination is not covered in management class, or any class for that reason. Yet the termination process is one of the more common business decisions that will receive the most scrutiny and is likely the most legally challenged decisions in the workplace. In addition, terminations trigger immediate legal obligations that the
termination for cause
Reminder To Carefully Draft Executive Agreements – Faigin v. Signature Group Holdings, Inc.
The judgment against the defendant for $1,347,000 in Faigin v. Signature Group Holdings, Inc. should be a good reminder for companies to have well drafted executive agreements. Faigin worked as General Counsel and Chief Legal Officer for Fremont General, a parent corporation. Defendant had various subsidiary companies that Faigin also worked for during his employment. …