img

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

- 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)
img
img

Dezi Olive

Freight tiger

2 months ago

img

Kendall Everett

Freight tiger

2 months ago

img

Dezi Gabriel

Deloitte

2 months ago

Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

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