Starbucks’ $113 Million Deal Puts Niccol Among Top-Paid CEOs
- Newly appointed CEO Brian Niccol poised for giant payout
- The switch follows a difficult stretch for the coffee chain
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The chief executive officer switch atop Starbucks Corp. is poised to cost the coffee chain at least $120 million, and possibly more, as the board bets on a change of leadership to turn the business around.
Brian Niccol will start next month with a pay package worth $113 million, a large part of which is equity to replace awards from his prior employer that he’ll have to relinquish, according to filings.