Starbucks' new CEO will travel 1600 km by plane every day to reach the office, revealed in the offer letter
Starbucks: According to the offer letter of the new CEO of Starbucks, he will be expected to work from the Seattle office at least three days a week. He has been given this facility as per Starbucks' hybrid work policy, which is in effect from 2023.
Starbucks' new CEO Brian Nicol, who is going to take over next month, will travel a long distance to reach the office every day. Nicol, who lives in California, will travel 1,600 km every day by corporate jet to reach the company's headquarters in Seattle. This has been mentioned in his offer letter.
According to the offer letter, Nicol will be expected to work from the Seattle office at least three days a week. He has been given this facility as per Starbucks' hybrid work policy, which is in effect from 2023.
Nicole will receive a base salary of $1.6 million per annum, besides a cash bonus ranging from $3.6 million to $7.2 million subject to his performance. He will also get an annual equity incentive award of up to $23 million.