Back before Omar Ishrak retired last year as the chief executive of Medtronic PLC, run out of Fridley, it s unlikely the board ever gave him $15 million to buy whatever he wanted.
Yet Medtronic seems ready to give that to him now that he s the co-founder and chairman of the board of something called Compute Health Acquisition Corp.
What Compute Health will do with Medtronic s money can t be known, because this is a special purpose acquisition company, usually called a SPAC or a blank check company.
It s going public without a business, so there s nothing to analyze or carefully weigh against any other alternatives for Medtronic s $15 million.