Starbucks’ new CEO would rather travel 1,600 miles than commute to the office 3 days a week

In a letter released by Starbucks announcing its new CEO, the coffee giant said Brian Nichol will live at its home in Newport Beach, California, and fly three times a week to Detroit on the company plane.

The COVID-19 pandemic brought about the spread of remote work, but once things got back to normal, big tech companies like Dell or Nothing got back to work. Ask your employees to return to the office.But this only affects ordinary employees, as senior managers enjoy it. Greater flexibility, the ability to combine personal and remote work.

A good example of this is that the newly appointed CEO of Starbucks will do just that. Travel 1600 km three times a week To go to the main office of the coffee franchise instead of commuting to it Seattle, the city where the office is located..

Brian Nicol would rather fly to Seattle three days a week than move there.

As they tell us from the CNBC media siteStarbucks I posted a letter in a filing with the SEC last week. Announcing the appointment of Brian Nichol as the company’s new CEO, a message that also explains that the new CEO will not have to move to Seattle, but rather He will travel three times a week to the said city using the company’s aircraft. To go to Starbucks headquarters.

This is because the coffee giant’s bylaws amendment in effect since the end of 2023 stipulates that all employees must Work from the office at least three times a week..

Likewise, in this same message Starbucks explains that they will be setting up Nicole’s remote office in Newport Beach We will assign you an assistant of your choice.

This message from Starbucks also reveals that Nicole will do so. Salary $1.6 million per year Which will be complemented by an annual cash bonus that can range from Between $3.6 million and $7.2 million It depends on achieving certain goals.

It should be remembered that Starbucks decided to replace its former CEO, Laxman Narasimhan, with Brian Niccol after sales declined in two of its major markets, the United States and China. The company’s shares fell 21% during Narasimhan’s tenure..