Newly appointed Starbucks CEO Brian Niccol won’t be required to relocate to the company’s headquarters in Seattle when he joins the coffee giant next month.

Instead, Starbucks says Niccol can live in his home in Newport Beach, California and commute to Starbucks’ head office 1,000 miles away on a corporate jet, according to the new CEO’s offer letter, which was made public in an SEC filing last week.

In his new role, Niccol, 50, will be paid a base salary of $1.6 million annually and has the opportunity to earn an annual cash bonus that could range from $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.

-6 points
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https://www.nbcnews.com/business/business-news/starbucks-new-ceo-will-supercommute-1000-miles-california-seattle-rcna167358
https://www.cnbc.com/2024/08/14/starbucks-new-ceo-brian-niccol-compensation-chipotle.html

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119 points

Oh cool, more corporate waste…

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45 points

This is really going to go a long way to make up for all the lost pollution from all the folks that started working from home recently

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105 points

Brian Niccol “Guess what plebs? I commute over 1,000 miles one way to get the office. If I can do it, so can you. Get your asses into the office, plebs.”

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20 points

Send the corporate jet to pick me up and I will consider it.

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4 points

Best we can do, is offer you a 2 hour commute stuck in heavy traffic.

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54 points

Supercommuting, instead of teleworking because that would embolden employees to ask for full-time teleworking.

Can’t have the plebs think they have some power.

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