Pay deal for new Starbucks CEO worth up to $113m
by Kalyeena Makortoff from US news | The Guardian on (#6Q042)
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.
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