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.
Oh cool, more corporate waste…
This is really going to go a long way to make up for all the lost pollution from all the folks that started working from home recently
Brian Niccol “Guess what plebs? I commute over 1,000 miles one way to get the office. If I can do it, so can you. Get your asses into the office, plebs.”
Send the corporate jet to pick me up and I will consider it.
Best we can do, is offer you a 2 hour commute stuck in heavy traffic.
Supercommuting, instead of teleworking because that would embolden employees to ask for full-time teleworking.
Can’t have the plebs think they have some power.
That’s not bad for the climate.
Starbucks is anti-climate pass it on.
Going to need a shit load of frappuccinos
Supercommute sounds like a fancy way to say he can just rent or buy a luxurious place in Seattle to stay during the week.
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Wikipedia about this source“It’s becoming increasingly common because we’re still in a competitive labor market,” he explains. “Executives aren’t accepting job offers if flexibility isn’t on the table.”
CEOs of major corporations aren’t a “labor market”. They’re a bunch of narcissists looking for their next hit. They won’t accept working conditions that don’t favor them because they a) don’t need to work and b) their motivation is being a business king and the more ridiculous the package is, the better it feels. It’s just a MBA delusion that he has a special brain worth tens of millions of dollars more than promoting some underling. That the market thought 10% of Chipotle’s entire value was this guy’s special brain is just insanity.
To be fair, the offer letter mentions he is working from a remote office (and is able to hire an assistant of his choosing). I’m hoping this whole supercommute nonsense isn’t daily and instead like… monthly for some meeting or something.
Who am I kidding though, a $10M signing bonus? He gets up to $250K per year of personal use out of the jet? They’ll even reimburse him $50K of legal and advisory fees he incurs having the offer reviewed by his own lawyers. That’s where I stopped reading.
Flight time itself should be about 2 hours and he’s rich so he has options to skip most of the security theatre, that’s… extreme but doable.
He’s the CEO though so I’d say yeah it being a regular thing is probably unlikely.
No security theatre if you fly private. The most you get is a quick id check coming onto the field.
The climate crisis could be solved with probably just a single guillotine.
Bold of you to assume the people who replace the billionaires we kill would be better
They never said the guillotine wouldn’t be a permanent fixture.
and a sharpening stone is pretty cheap.
alternatively, a blunt blade might be a better motivator.
I used to have a bagel guillotine. Sometimes it would catch and you’ll have to take a second go at it, but you know what? It always made it through in the end.
Every week just prune the richest one.
I’m sorry, do you need to be reminded how the French Revolution ended?
…with cookies and hearty “Well done, lads”?
Right after the revolution leader and most of its top brass got sent through the guillotine, yeah
Axes are more portable, and the turn around rate is faster. Just saying.
“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!
I’m intrigued by both of your suggestions and wish to subscribe to your newsletters.
Yeah but it would need to be supercommuted around the world, which is not ideal. :(
We’re not calling it supercommuting, insufferable wankers made that word up about themselves
I prefer cuntycommuting
When he is not traveling for work, however, Niccol will still be expected to work from the Seattle office at least three days a week in alignment with Starbucks’ hybrid work policies, a company spokesperson tells CNBC Make It.
He’ll just need to travel to work to the starbucks near his home because reasons
I have no idea who this guy is.
And already I hate him.
He’s from Chipotle, so Starbucks basically just replaced their top guy with a clone.
Well fuck you and your co² farting anus, Brian Niccol!