{"id":8160,"date":"2024-09-12T10:05:32","date_gmt":"2024-09-12T10:05:32","guid":{"rendered":"https:\/\/kohajone.press\/?p=8160"},"modified":"2024-09-12T10:05:39","modified_gmt":"2024-09-12T10:05:39","slug":"new-starbucks-ceo-will-commute-over-1000-miles-to-work-in-corporate-jet-instead-of-relocating","status":"publish","type":"post","link":"https:\/\/kohajone.press\/?p=8160","title":{"rendered":"New Starbucks CEO will commute over 1,000 miles to work in corporate jet instead of relocating"},"content":{"rendered":"\n

Brian Niccol\u2019s Starbucks offer letter also outlined his base salary for the role<\/h2>\n\n\n\n

Starbucks\u2019 new CEO will not be required to relocate across the country to commence his new job, his offer letter revealed.<\/strong><\/p>\n\n\n\n

The offer letter, which was made public in a filing with the SEC, reveals that Brian Niccol will be able to work from his home in California<\/a>, as well as commuting in to the business<\/a>\u2018 headquarters in Seattle.<\/p>\n\n\n\n

His commute of roughly 1,000 miles would be done on the company\u2019s aircraft, which he is also permitted to use for other business-related travel<\/a>.<\/p>\n\n\n\n

The offer even says he can use the jet for personal travel \u2018in accordance with the Company\u2019s policies\u2019, up to a maximum cost of $250,000 a year.<\/p>\n\n\n\n

This means that Niccol can still live at Newport Beach in California without having to relocate across the\u00a0US<\/a>.<\/p>\n\n\n\n

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Niccol has been appointed the CEO of Starbucks. (Robin Marchant\/Getty Images)<\/em><\/p>\n\n\n\n

According to the offer, Niccol will receive a base salary of $1.6 million per year.<\/p>\n\n\n\n

He also has the opportunity to earn extra money<\/a> in the form of an annual cash bonus which could be between $3.6 million and $7.2 million, depending on his performance, and annual equity awards worth up to $23 million.<\/p>\n\n\n\n

But that\u2019s still not it either, as the company will provide even further support for Niccol, who was previously the CEO of Taco Bell Corp.<\/p>\n\n\n\n

This includes establishing with his assistance a \u2018small remote office\u2019 in Newport Beach, which will be maintained at the company\u2019s expense.<\/p>\n\n\n\n

It also details how Niccol will be able to appoint an assistant of his choosing to help run things from the remote location.<\/p>\n\n\n\n

When not travelling for work Niccol will also be expected to work from Starbucks\u2019 office in Seattle at least three days a week, which is in alignment with the company\u2019s hybrid working policy.<\/p>\n\n\n\n

This requires office-based employees to work from the office at least three days a week.<\/p>\n\n\n\n

A spokesperson for Starbucks said: \u201cBrian\u2019s primary office and a majority of his time will be spent in our Seattle Support Center or out visiting partners and customers in our stores, roasteries, roasting facilities and offices around the world.<\/p>\n\n\n\n

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Niccol will have use of a private jet operated by Starbucks. (Jennifer Lourie\/FilmMagic)<\/em><\/p>\n\n\n\n

\u201cHis schedule will exceed the hybrid work guidelines and workplace expectations we have for all partners.\u201d<\/p>\n\n\n\n

Raj Choudhury is a professor at Harvard Business School and studies remote working.<\/p>\n\n\n\n

He told CNBC: \u201cStarbucks based its process of selection on this person\u2019s prior record of boosting restaurant-based companies, not their location.<\/p>\n\n\n\n

\u201cI expect more companies will take notice and follow suit: If you want to attract and retain the best talent, you have to be open to flexible work arrangements.\u201d<\/p>\n

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