Parting is such sweet sorrow, unless you're Uncle Van.

Weird science at CSC
But my favorite filing this week comes courtesy of Computer Sciences Corp. (NYSE: CSC), which is giving 62-year-old retiring chief executive Van Honeycutt what seems like a Jack Welch-sized going away present. Among the goodies:

• A lump sum cash payment of $11.16 million payable in January of 2008.
• A one-year consulting contract worth $500,000.
• Life insurance coverage through 2009.
• Health-care coverage through 2009.
• Personal security services through 2009.
• Office space, phone service, tech support, and secretarial support through 2009.

- The Motley Fool - Who's Filing Now

CSC to slash hundreds of jobs

Up to 300 UK staff at outsourcing colossus CSC face the sack on Monday, as the firm ramps up a programme of brutal cutbacks.

Sources say compulsory redundancy notices, part of a company-wide restructuring, will be handed out across Regional and Global Operations, Global Solutions & Technology, Global Security Services, and Business Management divisions.
- The Register, 21st June 2007

And how did our management actually advise UK staff that their jobs were at risk?

They gave us a phone number to call.

Behind phone number one?, the caller was told "your job is secure",
Behind phone number two?, "Your job is at risk".

Aldershot will be even emptier.