business news in context, analysis with attitude

• The Austin Business Journal reports that Walter Robb's separation agreement from Whole Foods, where he is leaving his role as co-CEO, will include a $10 million lump sum severance payment, the payment of health insurance premiums for three years, paying the costs of his relocation from Texas to California, and a discount card that will give him a 30 percent discount at Whole Foods stores for life.

It is a little ironic that Robb not only gets $10 million, but a card that allows him to pay lower prices ... which is part of Whole Foods' broader problem, which is the reason he lost his job in the first place. Robb's non-compete clause certainly limits his options, but he'll have the time and money to make a deliberate decision, and I'll be fascinated to see what he does next.
KC's View: