Starbucks CEO Brian Niccol’s Remote Work Deal

By: Nitin Singh

wisdomimbibe.com

Brian Niccol will live in Newport Beach, CA, while commuting to Starbucks’ Seattle HQ 1,000 miles away using a corporate jet. 

Niccol’s Unique Deal 

Niccol’s salary includes: Base Salary: $1.6 million annually Performance Bonus: Up to $7.2 million Equity Awards: Up to $23 million

Compensation Breakdown 

Niccol previously secured a similar remote deal at Chipotle, leading to the company moving its HQ from Denver to Newport Beach. 

Historical Context 

Niccol will work from Starbucks’ Seattle office at least three days a week. He’ll also have a remote office in Newport Beach. 

Work Expectations 

Remote work for top executives is on the rise. Victoria’s Secret’s new CEO, Hillary Super, has a similar arrangement. 

The Supercommuting Trend 

Starbucks has faced challenges this year. Niccol’s track record at Chipotle is seen as a key factor in his hiring. 

Impact on Starbucks 

Niccol’s deal may set a new precedent for executive flexibility, potentially influencing broader workplace policies. 

Broader Implications 

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