From
The Motley Fool's always attentive writers:
Starbucks (NDAQ: SBUX) provided the latest example of how walking out the door can actually be very lucrative for corporations' top brass.
It's no news that Starbucks is cutting costs. Its plans include layoffs and some store closures. Somehow, I doubt that baristas will receive the kind of sweet deal former Starbucks Coffee International President James Alling is getting as part of his "separation agreement." Alling will receive a lump-sum payment equal to an entire year's salary; last year, his base salary was $600,000.
Alling will also take home the equivalent of the cost of health-care coverage for one year.