The actual answer is actually a based on industry and circumstances. Finacially, it is typically based on seniority. Your guy that cleans the floor gets maybe a month. You top guys may get a year (yes I have seen more). I have seen it all over the board. I doubt that the average joe gets more than 6 months in a company like this. I am not privy to Baja's financial statements but would like to know how Fountain with a NOL of $5MM is supposed to pay a bunch of "sweet" severance packages.
Let's see, the middle of the road employee gets a few months income, a COBRA package and goes to look for a new job in a declining economy. How is that sweet? Based on looking at asset quality in dozens of financial institutions over the last two years, I can tell you that the average employee might have enough liquidity to make it a couple of months. Sweet? I don't think so. These are not the guys that are running around in boats like most folks on this board drive.
I can back my statement up all day long. What is the basis of your "sweet deal" scenario?