By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SawBankSawBankSawBank
Notification Show More
Font ResizerAa
  • Banking & Finance
  • Business News and Analysis
  • Startups & Entrepreneurship
  • Crypto & Blockchain
  • Economics
  • Forex
  • Investing & Stocks
Reading: Starbucks Hands Out $113 Million Welcome Bonus to New CEO
Share
Font ResizerAa
SawBankSawBank
Search
Have an existing account? Sign In
Follow US
SawBank > Blog > Business News and Analysis > Starbucks Hands Out $113 Million Welcome Bonus to New CEO
Business News and Analysis

Starbucks Hands Out $113 Million Welcome Bonus to New CEO

Saw
Last updated: March 14, 2025 6:12 pm
Saw
Published: August 19, 2024
Share
SHARE

In a move that has raised eyebrows among investors and the public, Starbucks has unveiled a substantial compensation package for its newly appointed CEO, Brian Niccol. The former Chipotle CEO is set to receive a $10 million signing bonus, a $75 million equity grant, and an annual base salary of $1.6 million. Additionally, Niccol is eligible for annual cash bonuses and equity awards that could potentially add millions more to his compensation.

The company justified the hefty package by stating that it is necessary to attract top talent and to compensate Niccol for the equity he is forfeiting by leaving his previous position at Chipotle. However, critics argue that the compensation is excessive, especially considering the challenges faced by Starbucks in recent times.

The news has sparked a wider conversation about executive pay and its correlation to company performance. While some argue that high salaries are necessary to incentivize top-level executives, others contend that such packages contribute to income inequality and do not always align with shareholder interests.

As Niccol takes the reins at Starbucks, he will face the pressure to deliver strong financial results and restore investor confidence. The scrutiny on his compensation package is likely to continue as the company navigates its future.

PM Shehbaz Sharif removed 25 officers from the Federal Board of Revenue (FBR)
Monal Management, CDA, and Military Clash Over Rent, Leading to Restaurant Closure
Building Australia’s First Mobile Bank by Van Le & Phil Parker
Biden Administration Imposes New Tariffs on Chinese Imports: A Protective Measure Against Unfair Competition
Pakistan Receives $2.8 Billion in Remittances, Second Highest in FY 2023-24
TAGGED:Starbucks
Share This Article
Facebook Email Print

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Popular News
Forex

How Changes in Interest Rates Affect the Housing Market ?

Saw
Saw
April 28, 2024
Apple Store Employees in Maryland Authorize Historic Strike Over Unpredictable Scheduling and Low Wages
What are the main factors that determine the level of unemployment in an economy?
Pakistan Attracts $10 Billion Investment from UAE
PM Shehbaz Sharif removed 25 officers from the Federal Board of Revenue (FBR)
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?