Newly appointed Starbucks CEO Brian Niccol won’t be required to relocate to the company’s headquarters in Seattle when he joins the coffee giant next month.
Niccol successfully negotiated a similar deal when he became the CEO of Chipotle in 2018.
Chipotle moved its headquarters from Denver to Newport Beach three months after announcing Niccol’s appointment.
Starbucks employees have been required to work from the office at least three days a week since early 2023.
Niccol’s arrangement underscores the gulf in bargaining power between high-ranking executives and the average employee in terms of flexibility.
Victoria’s Secret made a similar concession last week when it hired Hillary Super from Fenty x Savage, Rihanna’s lingerie brand, as its new CEO.
“This is a great opportunity for Starbucks to experiment with offering employees, wherever possible, the same degree of flexibility it’s giving its executives. »
