When the company now recruits Brian Niccol from the burrito chain Chipotle, he gets a compensation package with several parts. The annual salary becomes 1.6 million dollars and the sign-on bonus 10 million dollars.
According to Financial Times, the package includes up to 113 million dollars if you count the compensation in the form of shares and what he will receive if the company, with him as CEO, reaches the goals set by the board.
The package is four times larger than what his predecessor was offered.
Niccol's package corresponds to almost 1.2 billion kronor and makes him one of the highest-paid top executives in the USA in American corporate history.
As CEO of Chipotle, a company with major problems when he arrived, he has contributed to the share price increasing by 800 percent over six years. He also got to move the office from Denver in Colorado to Newport Beach in California where he lives. Starbucks allows him to continue working from home, a requirement he made, and will build a smaller office there. But the company emphasizes that his workplace is primarily at the headquarters in Seattle, two hours away by plane.
