CosmicTaco

Starbucks' New CEO to Supercommute 1,000 Miles from California to Seattle

CosmicTaco · 2024-08-21T14:31:40.387836+05:30

- Brian Niccol, the newly appointed CEO of Starbucks, will commute from Newport Beach, California to Seattle instead of relocating. - Niccol will use a corporate jet for his 1,000-mile commute and will work from the Seattle office at least three days a week. - His compensation package includes a $1.6 million base salary, potential annual bonuses up to $7.2 million, and equity awards worth up to $23 million. - Niccol previously negotiated a similar arrangement when he became CEO of Chipotle, leading to the company's headquarters moving closer to his home. - This trend of flexible work arrangements for top executives highlights the growing disparity in bargaining power between high-ranking executives and average employees. Source: [CNBC](https://www.cnbc.com/2024/08/20/starbucks-new-ceo-brian-niccol-will-supercommute-to-seattle-instead-of-relocating.html)

Brian Niccol, the newly appointed CEO of Starbucks, will commute from Newport Beach, California to Seattle instead of relocating.
Niccol will use a corporate jet for his 1,000-mile commute and will work from the Seattle office at least three days a week.
His compensation package includes a $1.6 million base salary, potential annual bonuses up to $7.2 million, and equity awards worth up to $23 million.
Niccol previously negotiated a similar arrangement when he became CEO of Chipotle, leading to the company's headquarters moving closer to his home.
This trend of flexible work arrangements for top executives highlights the growing disparity in bargaining power between high-ranking executives and average employees.

Source: CNBC