Brian Niccol, who was poached from Chipotle, will get package worth four times that of his predecessor
The new chief executive of Starbucks is in line for a sign-on pay package worth up to $113m (£88m), in one of the largest such executive deals in corporate history and which is four times larger than that of his predecessor. .
The American coffee chain poached the boss of Chipotle Mexican Grill, Brian Niccol, naming him as its new chief executive this week in a surprise management shake-up, ousting Laxman Narasimhan from the job after just 17 months.
More Stories
Ripe for the picking? Irish wine on the up – but ‘nobody will retire rich’
Russian gas shutdown forces closure of almost all industry in Transnistria
‘We’re done’: owner of Walter White’s house in Breaking Bad puts it on market – for $4m