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.
Axes are more portable, and the turn around rate is faster. Just saying.
I’m intrigued by both of your suggestions and wish to subscribe to your newsletters.
“Your honor, the defendant qualified their statement with the phrase “just sayin.” Clearly they cannot be prosecuted and this case must be dismissed.
They also have reduced staffing requirements.
Nah, have a little decorum. Pollution and deliberate ecocide are probably some of the most destructive crimes in history after all.
Well, in that case, May I interest you in an executioner’s sword?
Now you’re taking sense. Great compromise!