Starbucks Paid Johnson $11.5 Million for His First Year as CEO
Starbucks CEO Kevin Johnson.
Photographer: Jason Redmond/AFP via Getty Images
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Starbucks Corp. paid Chief Executive Officer Kevin Johnson $11.5 million for last year, when he succeeded founder Howard Schultz, whose salary was cut to $1 as part of his transition to chairman.
Johnson, 57, who took the helm of the coffee chain in April, received $5.91 million in restricted stock and stock options valued at $3.92 million, according to a regulatory filing Friday. He also got $1.15 million in salary and a $470,000 bonus.