Starbucks paid CEO Brian Niccol 96 million dollars (91.4 million euros) last year for his first four months at the coffee house chain. That’s one of the highest rewards in American business, reports Bloomberg.
About 94 percent of Niccol’s salary was paid in shares. He also received a bonus of 5 million dollars (almost 4.8 million euros) after he worked at the company for a month.
Starbucks fired previous CEO Laxman Narasimhan after a series of sales declines. Niccol came over from fast food chain Chipotle Mexican Grill and started in September. Before he had even started, he was already under fire.
Private jet
He was provided with a Starbucks jet to commute from his home in Newport Beach, a community south of Los Angeles, California, to the company’s headquarters in Seattle. He was able to cover the distance of about 1,600 kilometers in 2 hours and 40 minutes of flying.
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