As we recently reported on the index, Starbucks CEO Laxman Narasimhan recently resigned due to declining revenues, and was replaced by Brian Niccol, the head of the Mexican fast-food chain called Chipotle.
Since Nicole lives in Newport Beach, California, the coffee chain's new CEO will likely move to Seattle, which is also on the West Coast, but 1,000 miles (1,609 kilometers) north of there, as the chain's global corporate headquarters is located in Washington state's largest city.
At the same time, For CNBC What he concluded in his presentation to the new CEO is that the company does not actually expect that from its new manager.
Not only did Starbucks allow Nicole to live 1,600 miles from his new job, but he could also use the company's private jet to get to the company's headquarters,
Which the company covers for him, and moreover, if he can't get home after work, the coffee giant will reimburse him for his stay in Seattle and the cost of his driver.
In addition, Nicole's base salary is $1.6 million per year, which is roughly 564 million Hungarian forints at the current exchange rate, but he can also get a bonus every year after his performance, which ranges from double his salary, $3.6 million, to four times that amount, up to $7.6 million. You can also get up to $23 million in stocks per year. As the American news channel reminds us,
Nicole struggled with similar conditions at his previous job, Chipotle.
After leaving the management of Taco Bell, also a Mexican fast-food chain, to the competitor—he lived just a 15-minute drive from Taco Bell’s headquarters—he also made the first trip to Denver, 1,000 miles from home, just three months before the company decided to move its entire headquarters to California instead of Nicole.
In his current job, Starbucks expects him to work from the office at least three out of five days a week. A company spokesperson confirmed this to the channel. The new CEO will spend most of his time at the headquarters in Seattle, but will also visit partners and stores around the world, the spokesperson revealed.
CNBS also noted that Nicole's agreement also widens the gap in negotiating power between senior executives and the average employee, as
Like Nicole, there are a growing number of CEOs who are fast-moving in the business world and can work from almost anywhere in the world, whereas most places require employees to be in their offices at least three days a week.
In addition to the new CEO of lingerie retailer Victoria's Secret, the news channel cites the CEOs of Amazon and JPMorgan, among others. According to the expert who spoke to CNBS, the increase in the number of these super-employees can be attributed to the fact that most managers no longer listen to the offer if the work schedule is not flexible enough.
According to the newspaper, Nicole may have been chosen by Starbucks because she has saved companies that were in bad shape several times during her career, the most recent of which was Chipotle.
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