Alibaba and the forty thieves may be a fairytale but not anymore at WFM. A CEO (according to Forbes) that racked-up 338 days of PTO and subsequently the company lost over 40 percent of its value. Despite that gets rewarded with 10m greenbacks, 30 percent discount for life and offcourse we will even pay to re-locate you to CA. Let's not forget the stock-options. All of this on the hardworking team member blood, equity and sweat. Whilst TM hours/benefits are reduced. Just who can question this? Isn't anybody going to say anything? This is a problem folks! It makes me sick!
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I want to know why Walter Rob left. Was it voluntary or forced? I thought he was running the show while Mackey comes up with half brained ideas and says stupid things publicly.
"Maybe the company that will buy us-drug test." i hope so. i hated working with stoner hippies.
Maybe the company that will buy us-drug test. If that happens-start in the Florida region.
even jimmy john's has a non-compete clause for sandwich makers - after they leave they can't make sandwiches anywhere else within a mile or so from any jimmy johns... or something like that. pretty much standard procedure.
rob already new he'd be getting a cool 10mil on his way out the day he began his new position as co-ceo.
There is no excuse for this golden parachute. Don't hate the player or the game...hate the board's bad decision making. These clowns should have been fired years ago with no severance.
When CEOs are asked to leave and sign a no-compete there is usually severance. This isn't unique to WFM. Nobody likes it but its a fact of doing business. Take a look around and see what happens at other companies - here is an article on the subject http://time.com/money/4031287/united-jeff-smisek-scandal-ceo-severance-package/ .
PS - I think its s---s and is outrageous too - but don't hate the player, hate the game.
Was he asked to leave or did he volunteer? Do the shareholders think he was the problem, is this a bandaid? I thought he was running the company, and Mackey was just slacking.
Integrity lost or never there to begin with.
Investors are livid and TMs should be too. But too many people just don't have the guts to walk out or hold up a sign on the public sidewalks in front of their homes or stores to legally protest this. Management knows this and they will continue to give themselves golden parachutes.