Starbucks spent nearly $100 million on a new CEO in four months

It is known that the new CEO received part of the payments in stock and another $5 million was a bonus at the end of the first month of work. Business Insider writes about this after reviewing the documents.

The package also included “additional” compensation (around $418,000), including fuel, on-board meals, flight crew salaries, and “other expenses” during the use of a corporate jet ($144,000).

Because of Nikkola It didn’t require us to move. From California to the company’s headquarters in Seattle, he traveled by plane. But from the data in the statement it is clear that he also uses the Starbucks plane for personal trips. The company explains the need to compensate them by saying that it is an exception “for trips that combine business and personal purposes.”

Starbucks also paid $6,300 in COBRA benefits, $48,700 in legal fees associated with negotiating the new director’s terms of employment, and $127.70 in costs to increase Nikkola’s security (higher because the state’s standard personal security options are already provided ).

“Chauffeur services were provided to Mr. Niccol at no additional cost and were performed by Starbucks employees as part of his protection against threats,” the company said in a statement.