At 50 years old, Niccol will earn a base salary of $1.6 million annually. In addition to this, he could receive a cash bonus between $3.6 million and $7.2 million, contingent on his performance. He also has the opportunity to earn up to $23 million in annual equity awards.

 

This commuting setup isn't new for Niccol. When he became CEO of Chipotle in 2018, he negotiated a similar agreement. Shortly after he took on the role, Chipotle relocated its headquarters from Colorado to California.

 

CNBC quoted a Starbucks spokesperson as saying, “Brian’s primary office and a majority of his time will be spent in our Seattle Support Center or out visiting partners and customers in our stores, roasteries, roasting facilities and offices around the world. His schedule will exceed the hybrid work guidelines and workplace expectations we have for all partners.”