Starbucks plans to pay incoming CEO Brian Niccol $10 million in cash and $75 million in equity awards when he joins the company from Chipotle.

Starbucks plans to pay incoming CEO Brian Niccol $10 million in cash and $75 million in equity awards when he joins the company from Chipotle. Niccol will be paid a base salary of $1.6 million annually, with the opportunity to earn up to $7.2 million more in cash.

  • ByteOnBikes@slrpnk.netOP
    445·
    3 months ago

    In all honesty, I think Starbucks does pretty well in providing resources and perks to staff members. But their shitty behavior with creating unions is disgusting.

    And staff members, when you’re arguing for your $1-2 raise… Remember that this guy is making $85 mil. And Chipotle has gone to shit.

    • solsangraal@lemmy.zipEnglish
      31·
      3 months ago

      resources and perks to staff members

      it’s not enough to offset the shit pay which is made even shittier when they send you home early if it’s “not busy” for 20 minutes, which leaves 3 people doing the work of 5 people when it inevitably gets busy after people were sent home. so customers come in to a store where everyone’s all out of fucks to give about anyone’s 20 syllable bougie bullshit latte, and say “maybe i’ll go somewhere else next time,” and baristas say “please fucking do”

  • GreenSofaBed@lemmy.zip
    32·
    3 months ago

    So make the portions smaller, charge more, make more money for shareholders next year, until people catch on and downhill from there, just like Chipotle. But then this guy will simply take his payout and move on to the next.

    • isles@lemmy.worldEnglish
      3·
      3 months ago

      You just need to do an aggressive head nod at the barista and you’ll get a slightly bigger portion.

    • Makhno@lemmy.world
      4·
      3 months ago

      Why the fuck should they get 10x the salary? They aren’t doing 10x the work. Fuck em.

      You can have a company without a CEO. You can’t have a company without the boots-on-the-ground employees