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According to the report, a company filing revealed that Starbucks had spent more than $143,000 on Niccol’s residence, with around half of that sum going towards tax-related costs. Moreover, Niccol spent almost $72,000 on travel between his Southern California home and the company’s Seattle headquarters. He also paid about $19,000 for using the company’s planes for personal purposes.
When Niccol was hired, Bloomberg calculated that his entire yearly remuneration package was worth almost $113 million. The equity compensation intended to compensate Niccol for the awards he forfeited when he departed Chipotle is included in this hefty sum. According to the Bloomberg Pay Index, his salary puts him among the top 20 highest-paid CEOs in the US. Read more »
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