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cyu@sh.itjust.works

Starbucks engaging in regressive bargaining, intentionally not giving enough hours for health care, forcing employees to rely on Medicaid to survive (www.labornotes.org)

submitted 3 days ago by cyu@sh.itjust.works to c/unions@sh.itjust.works

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[–] corbindallas@fedinsfw.app 17 points 3 days ago

Starbucks CEO compensation is actually insane

So I looked into what Brian Niccol is making and its honestly wild. Since he came from Chipotle to "save" the company in late 2024, they basically gave him a blank check. Here is the basic breakdown of what he gets:

Base Salary:He makes $1.6 million just for showing up.
Cash Bonus: His target is 225% of his salary, so thats another $3.6 million if things goes well.
Stock Grants: This is the big one. He gets about $23 million in stocks every year.
The "Sign-on" Deal: When he first started, his total package was valued at like $113 million because they had to pay him back for the stocks he lost by leaving Chipotle.

The most crazy part though... He doesnt even live in Seattle. Starbucks let him stay in Newport Beach, California. They literally built him a "satellite office" there and let him use the private corporate jet to commute 1,000 miles back and forth.

Total Pay Summary:

Basically, hes making around $28 million to $31 million a year now that the initial signing bonus is over. Must be nice to get paid millions to fly a private jet to work lol.