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Brian Niccol will live in Newport Beach, CA, while commuting to Starbucks’ Seattle HQ 1,000 miles away using a corporate jet.
Niccol’s salary includes: – Base Salary: $1.6 million annually – Performance Bonus: Up to $7.2 million – Equity Awards: Up to $23 million
Niccol previously secured a similar remote deal at Chipotle, leading to the company moving its HQ from Denver to Newport Beach.
Niccol will work from Starbucks’ Seattle office at least three days a week. He’ll also have a remote office in Newport Beach.
Remote work for top executives is on the rise. Victoria’s Secret’s new CEO, Hillary Super, has a similar arrangement.
Starbucks has faced challenges this year. Niccol’s track record at Chipotle is seen as a key factor in his hiring.
Niccol’s deal may set a new precedent for executive flexibility, potentially influencing broader workplace policies.
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