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In August, Starbucks appointed Brian Niccol as its new Chief Executive Officer. Niccol officially took over the role on September 9. His compensation package includes a base salary of $1.6 million, an annual cash bonus ranging from $3.6 million to $7.2 million, and potential equity awards up to $23 million.
Niccol's position allows for a hybrid work arrangement, aligning with Starbucks' policy of being in the office at least three days per week. Despite his office being in Seattle, Washington, Niccol is permitted to reside in Newport Beach, California. This setup likely requires him to commute weekly between California and Washington.
To facilitate this commute, Niccol may use one of Starbucks' corporate jets, specifically a Gulfstream G550 registered as N721V. JetSpy reports that since assuming his role, the aircraft has completed 42 flights totaling over 300 hours from September through mid-December.
