Pay deal for new Starbucks CEO worth up to $113m

Brian Niccol, who was poached from Chipotle, will get package worth four times that of his predecessor

The new chief executive of Starbucks is in line for a sign-on pay package worth up to $113m (88m), in one of the largest such executive deals in corporate history and which is four times larger than that of his predecessor. .

The American coffee chain poached the boss of Chipotle Mexican Grill, Brian Niccol, naming him as its new chief executive this week in a surprise management shake-up, ousting Laxman Narasimhan from the job after just 17 months.