This CEO earned almost $100 million in 4 months, surpassing the annual salary of Tim Cook and Sundar Pichai

Last update:January 25, 2025, 10:55 IST

Starbucks’ new CEO Brian Niccol earned a remarkable $96 million for just four months of work in 2024, according to a Bloomberg report.

About 94 percent of Starbucks CEO Brain Niccol’s compensation came from stock awards, primarily tied to performance and vesting over a three-year period.

While Tim Cook and Sundar Pichai, the CEOs of Apple and Google, respectively, each earned approximately $75 million in 2024, Starbucks’ new CEO Brian Niccol has grabbed the spotlight with a much more substantial pay package. . Niccol’s compensation for just four months of work approached the extraordinary figure of $100 million in 2024, placing him among the highest-paid executives in the United States.

According to a Bloomberg According to the report, Niccol earned an extraordinary sum of $96 million for just four months of work in 2024.

Brian Niccol Salary Breakdown

The report notes that about 94 percent of Niccol’s compensation came from stock awards, primarily tied to performance and vesting over a three-year period. Additionally, Niccol received a $5 million sign-on bonus after his first month at Starbucks in September 2024.

A Jan. 24 company filing reveals more details about Niccol’s salary, which includes more than $143,000 allocated for living expenses, nearly half of which went toward paying taxes. Another $72,000 was spent on trips between his home in Southern California and Starbucks headquarters in Seattle. Additionally, about $19,000 covered personal expenses related to the use of company aircraft.

Niccol among the highest paid CEOs in the United States

According to the Bloomberg Compensation Index, Brian Niccol is among the 20 highest-paid CEOs in the United States. The report estimates that his total compensation package is worth about $113 million a year, taking into account the stock awards he received to replace those he lost from his former employer, Chipotle.

Why Starbucks chose Brian Niccol

Niccol’s appointment as CEO came after the ouster of Laxman Narasimhan, whose tenure ended amid declining sales and challenges including calls for a global boycott and union movements in the US. Niccol, previously CEO of Chipotle was selected for its leadership experience and track record of transformation. businesses around. To ease his transition, Starbucks made accommodations, allowing him to work remotely and providing him with housing assistance, as well as access to a company plane.

In its presentation, Starbucks highlighted Niccol as an “effective and highly sought-after leader with a proven track record” who was well-equipped to drive growth at the coffee chain.