Starbucks' New CEO Will Have the Use of a Private Jet from California to Seattle Every Week to Meet Its RTO Rules A Starbucks spokesperson told CNBC their new CEO would "exceed the hybrid work guidelines," which require staff to be in the office three days a week.

By Nora Redmond

Key Takeaways

  • Starbucks' new CEO, Brian Niccol, plans to commute between California and its Seattle headquarters.
  • Niccol has been granted the use of Starbucks' corporate jet to make this possible.
  • The company requires corporate employees to be in the office at least three times a week.
Robin Marchant | Getty Images via Business Insider
Brian Niccol, Starbucks' incoming CEO, plans to commute between Newport Beach, California, and Seattle.

This article originally appeared on Business Insider.

Starbucks' new boss, Brian Niccol, appears set to join the ranks of so-called supercommuters by traveling nearly 1,000 miles between his home in California and the company's headquarters in Seattle.

In Niccol's offer letter, Starbucks said that he could stay at his home in Newport Beach and commute the 995 miles to the head office using the coffee giant's jet. The letter was made public in a Securities and Exchange Commission filing from August 11.

It was previously unclear how often Niccol would be required to be in Starbucks' main office, but a Starbucks spokesperson told CNBC he would exceed the company's hybrid-work guidelines, which require staff to be in the office three days a week.

"Brian's primary office and a majority of his time will be spent in our Seattle Support Center or out visiting partners and customers in our stores, roasteries, roasting facilities and offices around the world," the spokesperson said.

"His schedule will exceed the hybrid work guidelines and workplace expectations we have for all partners," the representative added.

He has additionally been granted $250,000 a year in personal travel allowances, the SEC letter said.

It added that for up to three months after his start in September, Niccol would be reimbursed for the cost of temporary accommodation and provided a driver until he secured permanent secondary housing in Seattle.

The company said it would also set up a remote office in the CEO's hometown with an assistant of his choice.

His new position has a base salary of $1.6 million a year, with an annual bonus ranging from more than twice to over four times his salary, depending on the company's performance, another SEC filing detailing Niccol's employment terms said.

Niccol is set to receive a $75 million equity grant over the next three years to compensate for his departure from his role as the CEO of Chipotle, the August letter said.

He also gets a $10 million signing bonus and annual stock awards worth up to $23 million, set to be distributed starting next year, it added.

His total compensation package may reach $113 million, one of the highest such executive deals in history for a publicly traded company.

Starbucks did not immediately respond to a request for comment.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Branding

How to Build a Strong Brand Identity for Your Early-Stage Startup

Branding might not be your first priority, but neglecting it can hurt your startup. A strong brand identity early on sets the stage for marketing success.

Business News

Elon Musk's DOGE Is Hiring People Eager to 'Work Long Hours' to Eliminate 'Waste, Fraud and Abuse' in the Government. Here's How to Apply.

The Department of Government Efficiency is hiring U.S. citizens to help cut spending and headcounts in the federal government.

Science & Technology

From Data to Destiny — How AI Can Turbocharge Your Business Future

Are you ready to embrace the power of AI with trusted data? Let's transform challenges into opportunities and propel your business into the future.

Business News

Uber's CEO Says Drivers Have About 10 Years Left Before They Will Be Replaced

Uber CEO Dara Khosrowshahi says the jobs of human drivers are safe for the next decade, but after that, another type of driver will take over.

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.