Summary
Starbucks has removed a $250,000 limit on CEO Brian Niccol's personal use of the company jet for safety reasons. This decision followed a security review suggesting increased security measures due to heightened media attention and credible threats. Niccol uses the jet for commuting between his home in California and Starbucks' headquarters in Seattle.
Key Facts
- Starbucks removed a $250,000 yearly limit on CEO Brian Niccol's personal use of the company jet.
- This change was made after a security review highlighted safety concerns due to media attention and credible threats.
- Niccol regularly travels almost 1,000 miles from Newport Beach, California, to Seattle for work.
- The company's compensation committee now reviews his jet use every three months.
- An independent study recommended using private aviation for all his air travel.
- Niccol became Starbucks' CEO in summer 2024 and has faced criticism for commuting via the company jet.
- His compensation package in 2025 was nearly $31 million, with significant expenses for jet use and security.
