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.

  • @[email protected]
    link
    fedilink
    33
    edit-2
    27 days ago

    We don’t need to make up new words to normalize an obnoxious asshole exercising his wealth in a vulgar display of maleficence towards the environment.

    • beefbot
      link
      fedilink
      727 days ago

      10$ says Elon Muks will try to make SUPERCOMMUTE happen 🤪🫠🙄

      • @skyspydude1
        link
        927 days ago

        No, he’ll call it something much stupider like “Gigacommute”

      • SeaJ
        link
        fedilink
        427 days ago

        If you look at his flight records, motherfucker does not even supercommute. Many of his flights are simply across town. It’s nuts how wasteful he is with flying.