Starbucks' New CEO Brian Niccol To Receive $113M Payday And Remote Working Privileges
Portfolio Pulse from Benzinga Neuro
Starbucks' new CEO, Brian Niccol, will receive a $113 million compensation package and remote working privileges. Niccol's leadership at Chipotle saw an 800% stock price surge, and his appointment is seen as a win for Starbucks. The market reacted with a 20% surge in Starbucks' shares and a 10% drop in Chipotle's stock.
August 15, 2024 | 8:25 am
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NEGATIVE IMPACT
Chipotle's stock dropped by nearly 10% following the announcement of Brian Niccol's departure to become CEO of Starbucks. This wiped out $7 billion in market value.
The market reacted negatively to Niccol's departure, with Chipotle's stock dropping nearly 10%, indicating investor concerns about future leadership.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Starbucks' new CEO, Brian Niccol, will receive a $113 million compensation package and remote working privileges. Niccol's appointment is seen as a positive move, with Starbucks' shares surging over 20%.
The market reacted positively to Niccol's appointment, with Starbucks' shares surging over 20%. His track record at Chipotle suggests strong potential for positive impact on Starbucks.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100