The phrases of his employment additionally sparked a backlash on social media.
“That is good… good comfort for high expertise! However hope we do not see too many new ‘sustainability’ and ‘atmosphere’ associated adverts from @starbucks? *Wink*,” mentioned one X person., exterior
“The brand new Starbucks CEO is ‘supercommuting’ 1,000 miles to Seattle on a personal jet to work, so don’t be too harsh on that waitress who gave you a plastic straw while you didn’t need one,” mentioned one other, exterior.
Some sectors, reminiscent of banking, signalled early on that they’d anticipate workers to return to the workplace full-time, whereas others, typically within the tech trade, have mentioned they may enable distant work indefinitely. Many locations have opted for a mixture.
Others targeted on how a lot Mr Niccol is about to receives a commission in his new job.
“How come we by no means discuss CEO pay once we discuss rising costs?” former US Secretary of Labor Robert Reich posted, exterior.
In response to the phrases of his supply, Mr Niccol’s annual base pay shall be $1.6m (£1.2m). On high of that he might get a performance-related bonus of as a lot as $7.2m and as much as $23m a yr of Starbucks shares.
Starbucks defended the plan, saying that Mr Niccol was “some of the efficient leaders in our trade” and that his compensation was “tied on to the corporate’s efficiency and the shared success of all our stakeholders”.
A report printed by the United Nations in 2021 confirmed that the world’s wealthiest 1% of individuals produced double the mixed carbon emissions of the poorest 50%.
Starbucks introduced this month that Mr Niccol can be changing Laxman Narasimhan as its chief govt.
The announcement got here because the espresso chain seems to be to spice up flagging gross sales.
Mr Niccol had led the Mexican quick meals chain Chipotle since 2018, serving to it to get well from a disaster after outbreaks of meals poisoning.
Throughout his time within the function the agency’s gross sales doubled and its shares surged from lower than $7 every to greater than $50.
Chipotle additionally opened nearly 1,000 new shops and new applied sciences have been launched to automate meals preparation.
In latest months, it has been seen as a shiny spot within the restaurant trade, the place many companies have reported that clients are chopping spending.
