Source: Business Standard
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
A Future Without Hezbollah
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Sports
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Real Madrid Launch Investigation into Racist Insults After El Clasico Defeat
Real Madrid has launched an investigation into racist insults directed at players during Saturday’s 4-0 home loss to Barcelona in LaLiga, it said on Sunday.
Monday, October 28, 2024
Thursday 22 August 2024 14:46:58
Starbucks' CEO Brian Niccol to Commute 1,600 Km to Work Via Corporate Jet
Imagine starting your workday with a cup of Starbucks coffee in California and wrapping it up nearly 1,600 km away in Seattle — all before dinner.
For Starbucks' new chief executive officer (CEO), Brian Niccol, this will be the norm as he embarks on a daily commute like no other. Despite living in sunny California, Niccol is set to clock in at the company's Seattle headquarters, traversing the West Coast via corporate jet as part of his unique journey to the office.
Niccol's employment agreement includes the provision of a corporate jet for his daily commute. Despite the long distance, the Starbucks CEO must work from the Seattle office at least three days a week due to the company's hybrid work policy, which has been in effect since 2023.
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.”
Flexible work arrangements are often negotiated by top-level executives who possess considerable bargaining power. For example, Hillary Super, the CEO of Rihanna's lingerie brand Fenty x Savage, secured a deal that allows her to work from New York City, rather than relocating to Victoria’s Secret’s headquarters near Columbus, Ohio.
However, this level of flexibility is not available to all CEOs. Amazon’s Andy Jassy and JPMorgan Chase’s Jamie Dimon are both strong proponents of bringing employees back to the office.
The specific reasons for Niccol’s remote work agreement are tied to Starbucks' recent challenges. Under former CEO Laxman Narasimhan, the company has seen a decline in sales in its largest markets, the US and China, this year.
Niccol’s new role carries significant expectations due to his proven ability to turn companies around. During his tenure at Chipotle, the company's stock reportedly surged by 773 per cent.
