From Goldman Sachs to Yahoo: Check out some of most notable severance pays

Infosys paid Rs 17.38 crore to former chief financial officer Rajiv Bansal when he parted ways

Severance pay has come under the spotlight due to a debate over India’s second largest software exporter, Infosys, paying Rs 17.38 crore to former chief financial officer Rajiv Bansal when he parted ways. Globally, law firms suggest, there are no guidelines or rule book that define when an employee can be given a severance package. Paying such a package has, however, been a practice in several countries, especially when an employee is told to resign or when layoffs are announced. Such a compensation is often offered to a departing employees who has confidential information about the organisation.
 
A report