Starbucks awards new CEO pay package worth up to $113mn :
Brian Niccol will also be provided with a ‘small remote office’ in Newport Beach, California
ft.com/content/ef7a08f5-5d70-4bbe-9bdd-37340ab10887
Quick Glance: Starbucks Rewards New CEO with Record Pay Package
- Starbucks has appointed Brian Niccol as the new CEO, offering him a potential compensation package exceeding $100 million, making him one of the highest-paid executives in the U.S. This package is four times larger than what was offered to his predecessor, Laxman Narasimhan.
- Niccol's initial compensation includes a $10 million cash bonus and $75 million in stock grants, with an annual salary of $1.6 million. He will also receive a performance-based cash bonus of $3.6 million and a long-term equity grant valued at $23 million.
- The board's willingness to offer such a substantial salary indicates their confidence in Niccol, who has a strong track record at Chipotle. However, he will need to meet high expectations as his compensation is 75 percent higher than that of his predecessor.
- Notably, Niccol will not be required to relocate to Seattle; instead, a small office will be established in Newport Beach. His pay package is 83 percent above the median for comparable restaurant chains, emphasizing Starbucks' commitment to aligning his pay with performance and stakeholder success.
Story Details
| Last Updated | Aug 25 |
| Total Articles | 196 |
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Daily Sabah Aug 14
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Starbucks: Brian Niccol, the new CEO 'worth $20 billion': The American coffee giant's shares soared by 25% on the announcement that Brian Niccol ...
lemonde.fr/en/economy/article/2024/08/16/starbucks-brian-niccol-the-ceo-worth-20-billion_6716398_19.html
Starbucks replaces its CEO, names Chipotle chief to head the company: Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO ...
apnews.com/article/starbucks-ceo-narasimhan-chipotle-0173c2b9189c808968613b1285c1c366
How Starbucks' new CEO could remake the coffee chain, change menu: Chipotle's Brian Niccol could make big changes as Starbucks' CEO, from how the chain attracts ...
businessinsider.com/new-starbucks-ceo-brian-niccol-could-change-c-suite-menu-2024-8
Starbucks is giving its new CEO a huge pay package and not making him move to Seattle
ctvnews.ca/business/starbucks-is-giving-its-new-ceo-a-huge-pay-package-and-not-making-him-move-to-seattle-1.7002390
Starbucks' New CEO Can Make Up to $113 Million His First Year — And He's Allowed to Work Remotely
entrepreneur.com/business-news/starbucks-new-ceo-can-make-over-100m-in-first-year/478557
Why the New Starbucks CEO Is Worth $18 Billion: Investors cheer in a big way as the coffee chain’s Laxman Narasimhan is replaced by Chipotle boss Brian Niccol.
on.wsj.com/3WMXxvc
Brian Niccol gets to run Starbucks from his favorite place: Newport Beach: His primary office will be in the company’s Seattle headquarters, a Starbucks ...
ocregister.com/2024/08/15/brian-niccol-gets-to-run-starbucks-from-his-favorite-place-newport-beach/
Can Chipotle’s boss turn Starbucks around?: Brian Niccol faces three big challenges
economist.com/business/2024/08/14/can-chipotles-boss-turn-starbucks-around
Paid articlePaywallChipotle's stock tanked after CEO left but analysts say it 'remains in very good hands'
qz.com/chipotle-to-remain-strong-wedbust-niccol-exit-starbucks-1851623059
New Starbucks CEO's daily routine starts with 5:45 a.m. coffee: Brian Niccol is stepping down as CEO of Chipotle to take over the chief executive role at ...
businessinsider.com/starbucks-ceo-brian-niccol-daily-routine-schedule-2024-8
Paid articlePaywall Think a Frappuccino is sweet? Check out new Starbucks CEO’s pay package: Starbucks' new CEO won't be required to work in Seattle. But he will get personal use of ...
seattletimes.com/business/new-starbucks-ceo-brian-niccols-pay-package-sends-a-signal/
A $10 million signing bonus, $1.6 million yearly salary, and a cushy remote work setup — how Starbucks lured i
qz.com/starbucks-niccol-chipotle-sbux-cmg-pay-package-1851622784
Chipotle investors see continued growth, steady leadership after CEO Niccol departs
reuters.com/business/retail-consumer/chipotle-investors-see-continued-growth-steady-leadership-after-ceo-niccol-2024-08-15/
Can Brian Niccol Walk on Oatmeal Milk? Starbucks Hopes So.: Fresh from a great run at Chipotle, Niccol now faces the daunting task of speeding up service at ...
on.barrons.com/4fMfCCj
Starbucks baristas highlight what they want the new CEO to do: The baristas would like to see tech updates, better compensation, and menu standardization ...
businessinsider.com/starbucks-baristas-what-new-ceo-should-do-pricing-drinks-menu-2024-8
Starbucks’ ousted CEO oversaw a $32 billion drop in market value—but he’ll still leave with millions
fortune.com/2024/08/14/starbucks-ceo-leave-with-millions/
Paid articlePaywallStarbucks CEO Brian Niccol Can Work Remotely 1,000 Miles From Headquarters: Newly appointed Starbucks Corp. Chief Executive Officer Brian Niccol won’t be ...
bloomberg.com/news/articles/2024-08-14/starbucks-ceo-brian-niccol-can-work-remotely-1-000-miles-from-headquarters
Paid articlePaywall The long-ailing Starbucks made a smart move by hiring Chipotle CEO: Starbucks has hired Chipotle CEO Brian Niccol to be its new CEO and chair ...
theglobeandmail.com/business/commentary/article-the-long-ailing-starbucks-made-a-smart-move-by-hiring-chipotle-ceo/
Paid articlePaywallHow Elliott's monthslong Starbucks campaign got it a better deal than it asked for
cnbc.com/2024/08/14/elliotts-starbucks-campaign-got-it-a-better-deal-than-it-asked-for.html
Starbucks' New CEO Faced With Complicated Menu, Coffee Inflation: Drinks got too complicated and too costly for coffee lovers and staff ...
bloomberg.com/news/newsletters/2024-08-14/starbucks-new-ceo-faced-with-complicated-menu-coffee-inflation
Starbucks spices up exec mix, hiring Chipotle head as new CEO: Seattle coffee giant Starbucks said Tuesday that Brian Niccol, the chairman and CEO of Chipotle ...
globalnews.ca/news/10696017/starbucks-chipotle-ceo-stock/
Starbucks once wanted to be your hangout. Its new fast-food CEO means the death of that dream
fastcompany.com/91172549/starbucks-new-ceo-brian-niccol-what-does-it-mean-fast-food-taco-bell-chipotle
Starbucks’ New Boss Brian Niccol Is the Latest CMO-to-CEO Success Story: Meet the other big brands that have put marketers in the hot seat recently.
adweek.com/brand-marketing/starbucks-brian-niccol-cmo-to-ceo-success-story/
Starbucks Stock Soars After Tapping Brian Niccol as Its New CEO: Starbucks stock is surging Tuesday after the coffee chain named current head of Chipotle ...
kiplinger.com/investing/stocks/starbucks-sbux-stock-soars-after-tapping-brian-niccol-as-its-new-ceo
Chipotle Stock Sinks As CEO Heads to Starbucks: Chipotle stock is plunging Tuesday after the burrito chain said its CEO Brian Niccol is leaving to take the top ...
kiplinger.com/investing/stocks/chipotle-cmg-stock-sinks-as-ceo-heads-to-starbucks
6 ways Starbucks' incoming chief Brian Niccol transformed Chipotle : Analysts say Brian Niccol, who spearheaded Chipotle's turnaround, is a great pick to head up ...
businessinsider.com/how-starbucks-new-ceo-brian-niccol-transformed-chipotle-chipotlane-automation-2024-8
Narasimhan’s ouster at Starbucks adds fuel to record firing pace
deccanherald.com/business/narasimhans-ouster-at-starbucks-adds-fuel-to-record-firing-pace-3150278
Brian Niccol supercharged Chipotle. Can he do the same for Starbucks?: Brian Niccol helped turnaround Chipotle and lead it into the digital age ...
seattletimes.com/business/brian-niccol-supercharged-chipotle-can-he-do-the-same-for-starbucks/
Veteran fast-food exec known for tackling crises head-on takes over at Starbucks: When burrito maker Chipotle came under fire on social media for supposedly ...
reuters.com/business/retail-consumer/veteran-fast-food-exec-known-tackling-crises-head-on-takes-over-starbucks-2024-08-14/
Chipotle lost its all-star CEO. But he leaves behind a lot to fix: Chipotl CEO Brian Niccol is leaving for Starbucks. He boosted profits by changing the entire ...
f-st.co/Wf3ApxD
Starbucks stock spikes after coffee giant swipes Chipotle's CEO: The stock market still believes in the idea of the magical CEO.
axios.com/2024/08/14/starbucks-chipotle-stock
Starbucks CEO replaced, Chipotle CEO to take over: Brian Niccol will leave Chipotle for Starbucks to be its new CEO and Chairman.
sacbee.com/news/business/article291010115.html
Who is Laxman Narasimhan and why Starbucks fired its CEO after a year?: Starbucks CEO fired: The abrupt removal of Indian-origin Starbucks CEO Laxman Narasimhan ...
business-standard.com/world-news/who-is-laxman-narasimhan-and-why-starbucks-fired-its-ceo-after-a-year-124081400998_1.html
Starbucks replaces CEO after pressure from activist investors Elliott, Starboard: Starbucks Corp. has named Chipotle Mexican Grill Inc. Chief Executive Officer ...
dallasnews.com/business/2024/08/13/starbucks-replaces-ceo-after-pressure-from-activist-investors-elliott-starboard/
Starbucks hopes new CEO will bring ingredients of Chipotle’s success: Brian Niccol’s challenge at the coffee chain has similarities to the turnaround task in his ...
ft.com/content/de4d0753-f753-483a-b993-1ee92d63c21b
Starbucks' new CEO may have to face Schultz's influence over the helm: Schulz, who had three stints as CEO, has publicly and privately griped about the company ...
businessinsider.com/starbucks-new-ceo-schultz-influence-executive-transition-2024-8
Not working past 6 pm cost Starbucks CEO Narasimhan his job? Internet speculates
wionews.com/trending/did-not-working-past-6-pm-cost-starbucks-ceo-narasimhan-his-job-internet-speculates-749998
Starbucks names Chipotle’s Brian Niccol as CEO, sacks Laxman Narasimhan: Here’s why
financialexpress.com/business/industry/starbucks-names-chipotles-brian-niccol-as-ceo-sacks-laxman-narasimhan-heres-why/3582687/
CNBC Daily Open: Wall Street surges; Starbucks ousts CEO: Wall Street rose after producer prices came in softer than expected, raising hopes of a rate cut.
cnbc.com/2024/08/14/cnbc-daily-open-starbucks-ousts-ceo.html
Starbucks names Chipotle chief Brian Niccol as new CEO: Starbucks Corp. is replacing CEO Laxman Narasimhan with Chipotle Mexican Grill chief Brian Niccol ...
foxbusiness.com/lifestyle/starbucks-names-chipotle-chief-brian-niccol-new-ceo
‘No work after 6 pm’: Viral video of ousted Starbucks CEO Laxman Narasimhan advocating work-life balance creates buzz
livemint.com/news/trends/no-work-after-6-pm-viral-video-of-ousted-starbucks-ceo-laxman-narasimhan-advocating-work-life-balance-creates-buzz-11723607673505.html
CNBC Daily Open: Wall Street soars; Starbucks ousts CEO: Wall Street rose after producer prices came in softer than expected, raising hopes of a rate cut.
cnbc.com/2024/08/14/cnbc-daily-open-wall-street-soarsstarbucks-ousts-ceo.html
Brian Niccol supercharged Chipotle. Can he do the same for Starbucks?: Brian Niccol helped turnaround Chipotle and lead it into the digital age ...
st.news/3yHf2VN
How the CEO who saved Chipotle could turn around struggling Starbucks: Niccol made a series of key changes at Chipotle that improved sales, growth and profit.
fortune.com/2024/08/13/new-starbucks-ceo-brian-niccol-former-chipotle-leader-turnaround/
Paid articlePaywall Starbucks CEO is replaced by Brian Niccol, who stepped in at Chipotle when the chain was in distress
ctvnews.ca/business/starbucks-ceo-is-replaced-by-brian-niccol-who-stepped-in-at-chipotle-when-the-chain-was-in-distress-1.6998918
Starbucks stock rallies after company names Chipotle’s Brian Niccol as new CEO: Brian Niccol will lead the 39,000-store coffee-shop giant after six years at ...
marketwatch.com/story/starbucks-names-new-ceo-the-head-of-chipotle-mexican-grill-80e547f8
Daily Sabah Aug 14
Starbucks replaces CEO, names Chipotle boss as next leader: Starbucks, struggling with weak demand and disgruntled investors, announced on Tuesday that Laxman ...
dailysabah.com/business/economy/starbucks-replaces-ceo-names-chipotle-boss-as-next-leader
Starbucks's CEO Is Out. And Chipotle's CEO Will Replace Him: Starbucks's Laxman Narasimhan is stepping down immediately. Chipotle's Brian Niccol will ...
inc.com/annabel-burba/starbucks-ceo-out-chipotle-ceo-will-replace-him.html
Starbucks poaches Chipotle CEO Brian Niccol in surprise leadership shake-up: Laxman Narasimhan was ousted after just over a year in the CEO role.
fortune.com/2024/08/13/starbucks-ceo-brian-niccol-chipotle/
Paid articlePaywall Starbucks new CEO faces plenty of payments challenges: Brian Niccol's record as CEO of Chipotle will be tested as he tries to to keep the coffee chain ...
americanbanker.com/payments/news/starbucks-new-ceo-faces-plenty-of-payments-challenges
Starbucks' CEO is out. Chipotle's CEO is in. Here's what Wall Street is saying: Brian Niccol is coming on board at a critical time for Starbucks
qz.com/brian-niccol-starbucks-new-ceo-analysts-weigh-in-1851621294
Starbucks (SBUX) New CEO Brian Niccol Has to Contend With Crisis, Howard Schultz: Newly appointed Starbucks Corp. Chief Executive Officer Brian Niccol is taking ...
bloomberg.com/news/articles/2024-08-13/starbucks-new-ceo-brian-niccol-has-to-contend-with-crisis-and-howard-schultz
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