Tim Cook and Sundar Pichai, the CEOs of Apple and Google, respectively, received attractive compensation packages of about USD 75 million, but this year, Brian Niccol, the new CEO of Starbucks received compensation close to USD 100 million this year.
One of the highest salaries in corporate America, Brian Niccol of Starbucks earned an hefty sum of USD 96 million for four months of work in 2024, according to a Bloomberg report.
Compensation of Starbucks CEO explained
According to the January 24 filing, Niccol’s salary included over USD 143,000 (Rs 1.23 crore) for housing expenses, of which nearly 50 per cent were tax-related payments; an additional USD 72,000 (Rs 65.05 lakh) was spent on travel from his southern California home to Starbucks’ headquarters in Seattle; and approximately USD 19,000 (Rs 16.37 lakh) was spent on other personal use of company aircraft, according to Bloomberg.