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New CEO of Major Corporation to Get Paid More Than Entire Nations in Order

BitcoinCrypto NewsRegulation/Negotiation 1 Doug Martinez August 16, 2024

An illustration of an oversized hand holding out a giant check to someone standing on top of a mountain range with skyscrapers and trees below them; the person is surrounded by dollar signs that are rising up like balloons. The mountains in the background have cracks spreading through them, while at their base lies a pit filled with broken coffee cups and discarded food wrappers. In contrast, the foreground has lush greenery growing out of cracked earth as if new life was sprouting from it;

Well isn’t this just peachy? The new CEO of Starbucks is going to get paid an absolute fortune for doing… well, not much it seems. Brian Niccol was already raking in $22 million a year at Chipotle and now he’s getting another $23 million annually from Starbucks on top of that. That’s right folks, we’re talking about someone who will make more money than the GDP of some small countries just for showing up to work every day

Source: www.reuters

Starbucks' new CEO to get millions in equity awards
https://www.reuters.com/business/retail-consumer/starbucks-new-ceo-niccol-get-base-salary-16-mln-2024-08-14/
Aug 14 (Reuters) - Starbucks (SBUX.O), opens new tab said on Wednesday incoming CEO Brian Niccol was eligible for annual equity awards worth $23 million and would receive additional stock grants of $75 million for giving up his shares in Chipotle Mexican Grill (CMG.N), opens new tab. Niccol's initial annual base salary will be $1.6 million, Starbucks said in a filing. He will also receive a cash signing bonus of […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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