Starbucks is offering new CEO Brian Niccol a potential $145 million compensation package, which includes cash, shares, and performancebased bonuses.  Niccol's pay package starts with an $8.8 milli...

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- Starbucks is offering new CEO Brian Niccol a potential $145 million compensation package, which includes cash, shares, and performance-based bonuses.
- Niccol's pay package starts with an $8.8 million cash bonus if he and the company meet specific performance targets, plus $85 million in stock awards for joining.
- He could earn an additional $23 million annually in share-based bonuses, with the potential to triple 60% of that amount if certain goals are met.
- The compensation package has sparked debate, as it is roughly 10,000 times more than the median Starbucks employee earns, yet some shareholders believe Niccol is underpaid given the company's market cap increase.

 Source: [Reuters](https://www.reuters.com/breakingviews/starbucks-piles-whipped-cream-atop-ceo-pay-problem-2024-08-15/)

Starbucks Piles Whipped Cream Atop CEO Pay Problem

Journalist

Starbucks Piles Whipped Cream Atop CEO Pay Problem- Grapevine

- 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)

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

Well well..Look who is going with a fat pay check home amid layoffs

DevOps Engineer

Welcome to IT Company Discussion's Private Community

Do you know what is the salary of CEO of Cognizant? I mean, it is a huge company so the CEO should be getting a lot of money or even profit sharing. What is your opinion on this?

Cognizant CEO Salary

Welcome to Indian Startups's Private Community

Today I learned: Kunal Shah only draws a 15K salary 👏🏻

UX/UI designer

Welcome to Business Roles's Private Community

in your organisation, who are the people who actually make more than a crore (in cash, ESOP not included).

I am trying to validate the stuff I hear from my friends that every other guy in startups is making butt loads of monies and I look around and find even getting a 30-40+ Lacs job is demanding and not flying by the minute

1cr+ sal folls

Digital Marketer

Welcome to Product Managers's Private Community

I am just wondering what the compensation for these roles (CMO CPO) at series B funded fintech startups in India..
Based on that, looking to choose MNC or startup for my next stint
https://www.financialexpress.com/business/brandwagon-jupiter-ropes-in-swiggys-anuj-rathi-as-chief-product-and-marketing-officer-3245045/

What should be the compensation for Series B funded fintech

Software Engineer

It feels like a trend now...CEOs/founders of profitable startups are making BANK. Just look at Zerodha

Data scientist

Just an open ended question on why are layoffs happening on such a scale. I personally feel the skill to salary ratio has fucked up so much lately that the companies are having to fire people who are essentially useless to them. More of liabilities than just assets! What do you think?

Layoffs - who do you blame?

Software lead

A friend of mine is being offered CTC of 1.7cr (including esops) for E6 position in their India team. Can someone who works there or knows someone at Coinbase confirm the comp range for this level?
Also, any reviews on the company, their India team would be very helpful.

Comp at Coinbase

Product Manager

Is vaping a thing at your office too?

Business Development Manager

Welcome to Software Engineers's Private Community

It's disheartening to hear about the negative aspects of Accenture's office culture, especially the lack of increments and concerns about the CEO's extravagant expenditures like buying an island for vacations. Such actions can breed resentment among employees who may feel undervalued and overlooked. It's essential for company leadership to prioritize fair compensation and address concerns about office culture to maintain employee morale and satisfaction.

Business operations

Ye toh dhoti khol raha hai ft. Apna

Welcome to Office Gossip's Private Community

Quoting from The Ken (which btw I would highly recommend).

How many of you think this is true for Bangalore and problems that we are facing now with this generation.

+++++++++++++

Between 2020 and 2022, investors pumped billions of dollars into startups whose founders and leaders offered up the mythical “hypergrowth” narrative. Those startups, in turn, pumped money to hire and grow a layer of mid-level and senior-level executives whose job was to deliver on that hypergrowth narrative.

And salaries went through the roof. Hikes of 50% and above were par for the course.

Cut to the present.

If overvalued startups are widely recognised as a problem, can overvalued employees escape the same fate?

A CEO of a prominent company estimates that “in product and tech, 20-30% are in this category”. 



- Extract taken from Ken

Unhireable category of employees, how true is this?

Program Manager

One of the few startup CEOs who deserves that kind of pay. Building 3 unicorns is no joke: FirstCry, XpressBees, GlobalBees 🙌🏻

Corporate Strategist

𝘄𝗵𝗲𝗻 𝗮 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗿𝗮𝗶𝘀𝗲𝘀 𝗳𝘂𝗻𝗱𝘀, 𝗶𝘁𝘀 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗯𝗲 𝘀𝗰𝗮𝗿𝗲𝗱.

Investor

50% layoff at a Bangalore  based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

Starbucks Piles Whipped Cream Atop CEO Pay Problem

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