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.

Side Hustle

This Couple Started a Side Hustle to Improve a 'Terribly Made' Bathroom Essential. Now the Business Earns More Than $3 Million a Year.

Michael Fine and Lisa Schulner-Fine launched lifestyle brand Quiet Town in 2016 and have been growing it ever since.

Leadership

Lead From the Top: 5 Core Responsibilities of a CEO

Knowing exactly what the chief executive's role entails is critical for steering a company to success.

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.

Business News

Want to Be the Next CEO of Jack in the Box? You Have to Be Really Good at Fortnite.

The fast food giant and Fortnite have a simple question: Do you have what it takes to be Jack in the Box's next CEO?

Social Media

Learn How to Become a Successful Online Content Creator for Only $35

Discover ways to use AI to make viral videos, a successful blog and more, plus the principles behind freelancer and entrepreneur success.

Leadership

I've Seen 25 Years of Change in My Career — These 3 Lessons Every Business Owner Should Know

The business world moves fast, and you're already behind if you're not keeping up!