Starbucks CEO Faces Backlash Over Jet Commute
Starbucks CEO Faces Backlash Over Jet Commute

Starbucks CEO Faces Backlash Over Jet Commute

News summary

Starbucks' incoming CEO, Brian Niccol, is facing backlash for his plan to commute nearly 1,000 miles from Newport Beach, California to the company's headquarters in Seattle via private jet. Critics argue that this arrangement contradicts Starbucks' public commitment to environmental sustainability. Niccol, who previously held a similar position at Chipotle, will not be required to relocate to Seattle and will commute three times a week, leveraging the company's hybrid work policy. Starbucks will provide Niccol with a remote office in Newport Beach and cover his travel and lodging expenses. His compensation package includes a $1.6 million annual salary, bonuses up to $7.2 million, and significant equity awards. The controversy highlights the tension between executive perks and corporate sustainability efforts.

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Last Updated
89 days ago
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