Severance pay at a specific company like Cannon Financial Institute is generally determined by individual employment contracts or company policy, rather than a universal standard. General industry practice for financial services is often one to two weeks of pay per year of service, though senior roles can negotiate for significantly more.
of its Zhongshan printer plant in China resulted in severance packages reportedly exceeding legal minimums (often cited as "N+1"), with some employees receiving significant payouts, like 400,000 yuan (approx. 2.3N), due to added support funds, awards, and length-of-service calculations, reflecting favorable terms negotiated beyond China's standard labor laws for layoffs, but specific fees vary by individual service.
Key Details on Severance
Exceeds "N+1": While Chinese law generally mandates "N+1" (one month's pay per year of service plus one month's pay as compensation for contract termination), Canon offered more, with some estimates suggesting around 2.3N or even up to 43 months' salary for long-term employees.
Components: Packages included severance pay, employment support, gratitude bonuses, and "new journey" awards, often tax-free up to certain limits, making them more attractive.
Calculation: Severance is tied to length of service and average salary, with potential complexities for service before 2008 in some regions, though Canon's offer was generally generous.
Worker Satisfaction: Many employees expressed satisfaction with the compensation, viewing it as fair given the closure, according to reports.
Context of the Closure
Market Shifts: The closure reflects broader trends of declining demand for printers and Canon's restructuring efforts.
Negotiations: The process involved negotiations with the labor union, leading to the enhanced compensation.
In essence, Canon's China factory closure involved significant severance fees, negotiated generously above legal requirements, providing substantial payouts to affected workers.
Mr. Gerstner’s memoir about his IBM years was published in 2002, taking readers behind the scenes at a company in transition. Credit...Naum Kazhdan他的書中描述道，投資銀行家「眼裡只有錢，爭相瓜分公司的大部分資產」。
Installed as an outsider, he engineered a comeback, shifting the company’s focus from a waning mainframe computer business toward consulting and services.
Shortly after he took the IBM job, Mr. Gerstner was asked about his vision for the company. He replied tersely, “The last thing IBM needs right now is a vision.”
IBM 傳奇掌舵者葛斯納於上周六辭世，享年 83 歲。這位曾在「藍色巨人」最黯淡時刻挺身而出的領航者，就此告別了他守護過的世界。
葛斯納掌舵 IBM 長達 9 年，當他在 2002 年功成身退時，IBM 的股價已較他初上任時飆升約 800%。
IBM 現任執行長克里希納在致員工的信中緬懷這位前輩。他寫道，葛斯納在公司風雨飄搖、前途未卜之際毅然加入，他的領導力在那段艱困歲月中重塑了整間公司。
1990 年到 1993 年，IBM 連續虧損，公司處在創業 70 年歷史上最糟糕的時期，當時 IBM 竟找了一個「無知」的新 CEO 來接管。
是的，他完全不懂電腦。
但葛斯納的天才之處在於，作為一個「電腦白痴」，他從業務報表中挖出了一塊被掩埋住的鑽石。
When he came to IBM, he was generally regarded as a management gun for hire.
The phrase "gun for hire" can refer to an idiom for a mercenary or assassin, a specific indoor shooting range and business in New Jersey, or a classic film noir and novel.
Common Meanings
Idiomatic Meaning (Hired Gun/Contract Killer): In common language, a "gun for hire" is a person, typically a professional killer or mercenary, who is paid to perform a job, often one that is violent or morally wrong.習慣用語意義（僱傭槍手/職業殺手）：在日常用語中，「僱傭槍手」通常指受僱執行任務的人，通常是職業殺手或僱傭兵，這類任務往往涉及暴力或不道德的行為。
A Business (Gun For Hire): This is the name of a large, full-service indoor shooting range and training facility located in Woodland Park, New Jersey, near New York City. The facility offers:
Firearm rentals (no permit required for shooting on-site).
Safety classes for beginners and experienced shooters.
Concealed Carry Weapon (CCW) courses.
A retail store, memberships, and a radio show.
You can find more details on their official website: gunforhire.com.
A Book and Film:This Gun for Hire is a 1936 novel by Graham Greene, which was adapted into a notable 1942 American film noir starring Alan Ladd and Veronica Lake.
A Song: "Guns for Hire" is also a song by the rock band AC/DC, featured in an official HD video on YouTube.
This Gun for Hire - Wikipedia
This Gun for Hire is a 1942 American film noir crime film directed by Frank Tuttle and starring Veronica Lake, Robert Preston, Lai...
Wikipedia
Hired gun Definition & Meaning | Britannica Dictionary
: a person who is paid to kill someone. 2. : a person who is hired to do a specific job and especially one that some people consid...
Britannica
Gun For Hire at The Woodland Park Range
Welcome to Gun For Hire! We are an indoor shooting range only 15 miles from New York City. We have many firing ranges and gun rang...
Google
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2012
我是資訊產業的旁觀者 IBM 公司的頭頭 Palmisano 在2002年上任時 讀了許多他的報導
這10年他又把 IBM轉型為確實的世界一流的公司
是相當了不起的
IBM's Palmisano: Top 12 Milestones as CEO eWeek 29, 2002, IBM announced that Samuel J. Palmisano would become the company's eighth CEO of IBM. Palmisano replaced Louis V. Gerstner, who would retain his position as chairman of IBM through the end of 2002. Gerstner came to IBM in 1993 and helped turn ...
Leadership and Change (Video with Transcript) IBM's Sam Palmisano: 'Always Put the Enterprise Ahead of the Individual'
As far as a legacy goes, says IBM chairman Sam Palmisano, "I just
want to leave the company better than I found it." Judging by IBM's
successes over the past decade, Palmisano, who was CEO of IBM until he
stepped down earlier this month, did just that. During an interview with
Wharton management professor Michael Useem, Palmisano discussed the
sale of the company's personal computer business, the
PricewaterhouseCoopers acquisition, how a big company can encourage
innovation, and what he learned from his mentors, among other
observations drawn from almost 40 years at IBM. http://knowledge.wharton.upenn.edu/article/2927.cfm
Samuel J. Palmisano, the chairman of the board at computer giant IBM and the company’s former president and CEO, will be the featured speaker at this year’s university commencement ceremony, to be held on Thursday, May 24, on Homewood Field.
Palmisano, a 1973 graduate of Johns Hopkins and a former university trustee, began his career at IBM right after college and rose through the ranks at a business currently listed 18th on the Fortune 500.
Palmisano is perhaps best known for leading the ambitious transformation of a 100-year-old company, and for his vision of how technology and global integration are reshaping business and society. Under his leadership, IBM made tough calls to get out of businesses that IBM itself had invented and enter new ones, leading to growth and innovation.
In January of this year, Palmisano stepped down as IBM CEO, leaving a legacy of record performance despite the global economic crisis. He continues to serve as IBM’s chairman of the board.
“Sam is a daring and visionary leader, whose dedication to discovery and refusal to accept the status quo guided one of the great transformations in business history,” said university President Ronald J. Daniels. “His capacity for bold, creative and critical thinking across domains reflects the power of a Johns Hopkins education. I’m delighted to welcome back one of our own to share his insights as the class of 2012 looks to the future.”
Palmisano joins a distinguished group of Johns Hopkins commencement speakers, a list that has included former Vice President Al Gore; comedian Bill Cosby; Elizabeth Dole, former senator and then president of the American Red Cross; New York City Mayor Michael Bloomberg; Brian Billick, then head coach of the Baltimore Ravens; Sen. John McCain; Nancy Pelosi, speaker of the House at the time; and others from the worlds of politics, sports, media and entertainment.
Palmisano grew up in Baltimore and attended Calvert Hall College High School. At Johns Hopkins, he studied history and played on the offensive line for the Blue Jays football team that he co-captained.
He began his career at IBM in 1973 in Baltimore and took on a series of leadership positions before rising to president and chief operating officer in 2000, CEO in 2002 and chairman of the board in 2003.
He holds an honorary degree of Doctor of Humane Letters from Rensselaer Polytechnic Institute and an honorary fellowship from the London Business School. He received the Atlantic Council’s Distinguished Business Leadership Award in 2009 and the inaugural Deming Cup, presented in 2010 by Columbia Business School’s W. Edwards Deming Center for Quality, Productivity and Competitiveness. He is also an elected member of the American Academy of Arts and Sciences.
Palmisano returned to his alma mater in February 2011 to launch the IBM Centennial Lectures, a yearlong series celebrating the company’s 100th anniversary and focusing on leadership and driving progress in an integrated and increasingly technologically enabled world. To hear the lecture, go to gazette.jhu.edu/2011/02/07/ceo-of-ibm-kicks-off-yearlong-lecture-series-at-his-alma-mater.
Palmisano recently sat down with President Daniels for the spring edition of Johns Hopkins Magazine to talk about higher education, innovation and U.S. global competitiveness. To read the interview or listen to their conversation, go to magazine.jhu.edu/colloquy.
In an effort to promote a more unified Johns Hopkins family, the university in 2010 fused the universitywide commencement ceremony with the Homewood undergraduate diploma ceremony for one grand graduation observance. The result is a single ceremony, at which Palmisano will speak, for graduates from all divisions and campuses.
More information on this year’s commencement ceremony, including a full list of speakers for all university divisional ceremonies, will be posted as it becomes available at www.jhu.edu/commencement.
感動常在！致敬一家真正有良心的企業：佳能 Canon 
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