There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

Starbucks' new CEO will supercommute 1,000 miles from California to Seattle

Newly appointed Starbucks CEO Brian Niccol won’t be required to relocate to the company’s headquarters in Seattle when he joins the coffee giant next month.

Instead, Starbucks says Niccol can live in his home in Newport Beach, California and commute to Starbucks’ head office 1,000 miles away on a corporate jet, according to the new CEO’s offer letter, which was made public in an SEC filing last week.

In his new role, Niccol, 50, will be paid a base salary of $1.6 million annually and has the opportunity to earn an annual cash bonus that could range from $3.6 million to $7.2 million depending on his performance. He will also be eligible for annual equity awards worth up to $23 million.

capt_wolf ,
@capt_wolf@lemmy.world avatar

Oh cool, more corporate waste…

ShaggySnacks ,

Brian Niccol “Guess what plebs? I commute over 1,000 miles one way to get the office. If I can do it, so can you. Get your asses into the office, plebs.”

Zaktor ,

“It’s becoming increasingly common because we’re still in a competitive labor market,” he explains. “Executives aren’t accepting job offers if flexibility isn’t on the table.”

CEOs of major corporations aren’t a “labor market”. They’re a bunch of narcissists looking for their next hit. They won’t accept working conditions that don’t favor them because they a) don’t need to work and b) their motivation is being a business king and the more ridiculous the package is, the better it feels. It’s just a MBA delusion that he has a special brain worth tens of millions of dollars more than promoting some underling. That the market thought 10% of Chipotle’s entire value was this guy’s special brain is just insanity.

cabron_offsets ,

The climate crisis could be solved with probably just a single guillotine.

FuglyDuck ,
@FuglyDuck@lemmy.world avatar

Axes are more portable, and the turn around rate is faster. Just saying.

homesweethomeMrL ,

I’m intrigued by both of your suggestions and wish to subscribe to your newsletters.

Reverendender ,

“Your honor, the defendant qualified their statement with the phrase “just sayin.” Clearly they cannot be prosecuted and this case must be dismissed.

FuglyDuck ,
@FuglyDuck@lemmy.world avatar

They also have reduced staffing requirements.

Gradually_Adjusting ,
@Gradually_Adjusting@lemmy.world avatar

Nah, have a little decorum. Pollution and deliberate ecocide are probably some of the most destructive crimes in history after all.

FuglyDuck ,
@FuglyDuck@lemmy.world avatar

Well, in that case, May I interest you in an executioner’s sword?

Gradually_Adjusting ,
@Gradually_Adjusting@lemmy.world avatar

Now you’re taking sense. Great compromise!

halfapage ,

Yeah but it would need to be supercommuted around the world, which is not ideal. :(

Mr_Blott ,

We’re not calling it supercommuting, insufferable wankers made that word up about themselves

I prefer cuntycommuting

Hobbes_Dent ,

Starbucks is anti-climate pass it on.

ccunning ,

This is really going to go a long way to make up for all the lost pollution from all the folks that started working from home recently

mp3 ,
@mp3@lemmy.ca avatar

Supercommuting, instead of teleworking because that would embolden employees to ask for full-time teleworking.

Can’t have the plebs think they have some power.

homesweethomeMrL ,

I have no idea who this guy is.

And already I hate him.

unmagical ,

He’s from Chipotle, so Starbucks basically just replaced their top guy with a clone.

z3rOR0ne ,

Well fuck you and your co² farting anus, Brian Niccol!

Ghostalmedia ,
@Ghostalmedia@lemmy.world avatar

When he is not traveling for work, however, Niccol will still be expected to work from the Seattle office at least three days a week in alignment with Starbucks’ hybrid work policies, a company spokesperson tells CNBC Make It.

https://lemmy.world/pictrs/image/0757781b-8b03-4724-b35f-070f92f0b07a.gif

Zikeji ,
@Zikeji@programming.dev avatar

To be fair, the offer letter mentions he is working from a remote office (and is able to hire an assistant of his choosing). I’m hoping this whole supercommute nonsense isn’t daily and instead like… monthly for some meeting or something.

Who am I kidding though, a $10M signing bonus? He gets up to $250K per year of personal use out of the jet? They’ll even reimburse him $50K of legal and advisory fees he incurs having the offer reviewed by his own lawyers. That’s where I stopped reading.

BarbecueCowboy ,

Flight time itself should be about 2 hours and he’s rich so he has options to skip most of the security theatre, that’s… extreme but doable.

He’s the CEO though so I’d say yeah it being a regular thing is probably unlikely.

Cheradenine ,

No security theatre if you fly private. The most you get is a quick id check coming onto the field.

seaQueue ,
@seaQueue@lemmy.world avatar

Supercommute sounds like a fancy way to say he can just rent or buy a luxurious place in Seattle to stay during the week.

TheDeepState ,

That’s not bad for the climate.

NarrativeBear ,

Going to need a shit load of frappuccinos

MediaBiasFactChecker Bot ,

CNBC - News Source Context (Click to view Full Report)Information for CNBC:
> MBFC: Left-Center - Credibility: High - Factual Reporting: Mostly Factual - United States of America
> Wikipedia about this source

NBC News - News Source Context (Click to view Full Report)Information for NBC News:
> MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
> Wikipedia about this source

Search topics on Ground.Newshttps://www.nbcnews.com/business/business-news/starbucks-new-ceo-will-supercommute-1000-miles-california-seattle-rcna167358
https://www.cnbc.com/2024/08/14/starbucks-new-ceo-brian-niccol-compensation-chipotle.html

Media Bias Fact Check | bot support

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • [email protected]
  • random
  • lifeLocal
  • goranko
  • All magazines
    •