close
close
The four -month salary of the CEO of Starbucks by Brian Niccol exceeds the annual salary of Sunder Pichai and Tim Cook

The four -month salary of the CEO of Starbucks by Brian Niccol exceeds the annual salary of Sunder Pichai and Tim Cook

The executive director of Starbucks, Brian Niccol, Ha He received one of the highest compensation packages in the US.Bloomberg reported.

Niccol, 50, received an amount of almost 96 million dollars in 2024 as a salary package for only four months of work, which makes it one of the best paid executives of US companies.

Their profits even left behind the compensation granted to the executive directors of technological giants such as Apple and Google. Both Tim Cook and Losco Pichai earned around 75 million dollars each last year, according to several media reports.

Niccol, who was previously executive director of Chipotle, joined Starbucks in September 2024. He was granted a login bonus of $ 5 million in the first month of assuming his new position, as revealed in the documents of the company. 94% of their profits came from awarding of shares, linked to the company’s performance for a period of three years.

Brian Niccol did not have to move to Seattle, the headquarters of Starbucks. Starbucks He gave him a corporate jet to travel between his home in California and Seattle.

The company paid $ 143,000 for accommodation expenses, including tax -related payments, and $ 72,000 for flights between California and Seattle for Niccol. He also paid $ 19,000 for the personal use of the company’s plane.

Niccol’s total annual salary package is estimated at 113 million dollars, according to Bloomberg, which places it among the 20 best paid executive directors in the world.

It should be noted that Brian Niccol was hired as the new executive director of Starbucks, after the coffee giant showed the door to his previous executive director for the decrease in sales.

Posted by:

Anand Jasmine

Posted in:

January 27, 2025

Back To Top