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The new Starbucks CEO will commute over 1,000 miles to work on the company jet instead of relocating
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The new Starbucks CEO will commute over 1,000 miles to work on the company jet instead of relocating

As his offer letter states, Starbucks’ new CEO will not have to move to another location in the country to take up his new position.

The offer letter, disclosed in a filing with the SEC, indicates that Brian Niccol will be able to work from his home in California and commute to the company’s headquarters in Seattle.

For his commute of around 1,600 kilometers, he would use the company’s aircraft, which he is also allowed to use for other business trips.

The offer even states that he can use the jet for private travel up to a maximum of $250,000 per year “in accordance with company policies.”

This means Niccol can continue to live in Newport Beach, California without having to move across the United States.

Niccol was named CEO of Starbucks. (Robin Marchant/Getty Images)

Niccol was named CEO of Starbucks. (Robin Marchant/Getty Images)

According to the offer, Niccol will receive a base salary of $1.6 million per year.

In addition, he has the opportunity to earn additional money in the form of an annual cash bonus that can range from $3.6 million to $7.2 million depending on performance, as well as annual stock grants valued at up to $23 million.

But that’s not all, as the company will be providing even greater support to Niccol, the former CEO of Taco Bell Corp.

This includes setting up a “small branch” in Newport Beach with his help, the maintenance of which will be at the company’s expense.

It also explains how Niccol can hire an assistant of his choosing to help him run things from the remote location.

Additionally, when Niccol is not traveling for work, he is expected to work at Starbucks’ Seattle office at least three days per week, consistent with the company’s hybrid work policy.

This requires office workers to work in the office at least three days a week.

A Starbucks spokesperson said: “Brian will be headquartered and will spend most of his time at our support center in Seattle or visiting partners and customers in our stores, roasteries, roasting facilities and offices around the world.”

Niccol will be able to use a private jet from Starbucks. (Jennifer Lourie/FilmMagic)

Niccol will be able to use a private jet from Starbucks. (Jennifer Lourie/FilmMagic)

“His timeline will exceed the hybrid working guidelines and workplace expectations we have for all partners.”

Raj Choudhury is a professor at Harvard Business School and researches remote work.

He told CNBC: “Starbucks based its selection process on this individual’s past record in promoting restaurant companies, not on their location.

“I expect that more companies will take note of this and follow suit: If you want to attract and retain the best talent, you have to be open to flexible working arrangements.”

UNILAD has contacted Starbucks for comment.

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