Starbucks' New CEO To Supercommute 1,600 Km To Work On Corporate Jet
Starbucks' CEO Brian Niccol will have an unusually long commute to work as he becomes the coffee giant's new chief next month. Mr Niccol who lives in California will travel 1,600 kilometres every day to the company's headquarters in Seattle. Starbucks' CEO Brian Niccol As per his offer letter, Mr Niccol will use a corporate jet for his commute. Even when he is not traveling for work, he will be expected to work from the Seattle office at least three days a week, as per Starbucks' hybrid work policy which has been in place since 2023. The 50-year-old will be paid a base salary of $1.6 million every year and can earn a cash bonus of $3.6 million to $7.2 million depending on his performance. He will also be eligible for annual equity awards worth up to $23 million. This is not the first time Mr Niccol has been part of such a supercommute arrangement. He successfully negotiated a similar deal when he was the CEO of Chipotle in 2018. Chipotle was headquartered in Color...