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Chad Gifford, Fleet's former chief executive, retired earlier this year with about $16 million in severence. Bank of America Corp., which purchased Fleet, is asking 70 former Fleet employees laid off during its merger to repay a portion of the money they received in severence.
Chad Gifford, Fleet's former chief executive, retired earlier this year with about $16 million in severence. Bank of America Corp., which purchased Fleet, is asking 70 former Fleet employees laid off during its merger to repay a portion of the money they received in severence.

Bank of America tries to reclaim severance

Laid-off staffers asked to return part of pay after company's error

By Sasha Talcott
Globe Staff / April 12, 2005

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Bank of America Corp. has sent letters to about 70 employees laid off during its merger with FleetBoston Financial Corp. asking them to repay a portion of the money they received in severance. (Full article: 936 words)

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