Starbucks' new CEO won't relocate, will fly 1,600 km on private jet daily to work.

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Starbucks' new CEO Brian Niccol will be making an exceptional daily commute to his new office. Niccol, who lives in California, will travel 1,600 kilometres every day to Starbucks' headquarters in Seattle.

According to his employment agreement, Niccol will use a corporate jet for this daily journey. Despite the distance, he is expected to work from Starbucks' Seattle office at least three days a week, in line with the company's hybrid work policy, which has been in effect since 2023.

Niccol, aged 50, will receive an annual base salary of $1.6 million. Additionally, he is eligible for a cash bonus ranging from $3.6 million to $7.2 million, depending on his performance. He will also have the opportunity to earn up to $23 million in annual equity awards.