back to article Teradata pays ex-prez €4.2m to close 'invalid termination' settlement

Data warehousing and business intelligence flogger Teradata has reached a settlement with ousted co-president Herman Wimmer, who alleged he was fired improperly. Following a court order issued by the Augsburg Labour Court in Germany, Teradata has submitted a filing with the US Securities and Exchange Commission announcing that …

  1. Your alien overlord - fear me

    This should serve as a warning to other companies - getting in a CEO will not change your company fortunes and the total cost in extra benefits (profit sharing, company car etc) far outweighs any benefits the company will make.

    Save your money and spend it on IT staff and engineers !!!

    1. Anonymous South African Coward Silver badge
      Pint

      Well said! Here, have one!

    2. The First Dave

      Or spend that little extra on a decent lawyer, and get your contracts written in the Company's favour.

      And an HR person with enough backbone to tell you how to fire someone properly.

    3. Anonymous Coward
      Anonymous Coward

      This should serve as a warning to other companies - getting in a CEO will not change your company fortunes and the total cost in extra benefits (profit sharing, company car etc) far outweighs any benefits the company will make.

      .. and you make it a lot worse if you do that under German labour laws, because they have some *weird* rules. I recall a casino catching someone helping themselves to some of the dosh (an idiotic thing to do, the place is replete with high end cameras running and monitored 24/7), and they couldn't sack the person because some staff board refused it. I think they eventually even had to re-employ the person in the same position: the counting room..

      1. GrumpenKraut Silver badge

        I find that hard to believe. Theft, even in quite minor cases, is one of the few valid causes for immediate termination.

        One extreme incident was a lady charging her phone without being allowed to do so. Company tried to fire her (not sure it worked) even though the value of the "stolen" power was a fraction of a cent.

        In another case a lady was fired from the bakery she worked in for "stealing" (actually eating) a piece of cake. That piece was supposed to be binned right there and then.

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