Starbucks’ new CEO faces backlash over 1,000-mile commute to Seattle office
Starbucks’ new CEO faces backlash over 1,000-mile commute to Seattle office
Brian Niccol faces environmental criticism over commute from California to Seattle by private jet instead of relocating
I don't understand why they think he's worth this much money and effort when by all accounts Chipotle is a shell of its former glory
This is the only metric that boards care about when hiring CEOs:
It won't last. It just takes awhile for consumers to figure out that your product is now shit.
Most people aren't visiting every day to notice the price increases or the quality decreases. And the first or second time it's often written off as just an outlier.
Of course there's variance per customer, but it takes a couple years before you really earn the shitty reputation of something like Dominos circa 2014. In the meantime, line looks like this before it drops. And by that time you're CEO of a different company.
Chipotle failed to unionize and I bet short term profits are up.
He grew the value of chipotle considerable.
https://www.macrotrends.net/stocks/charts/CMG/chipotle-mexican-grill/revenue
Chipotle wasn’t expected to survive as a company and not only did it survive. He grew business.
This isn’t the first time he revitalized a brand. He did it at Taco Bell as well.
It sounds like his strategy at Starbucks is lowering prices, making the stores more inviting to hang out in and increase employee happiness.
LOL those fucking idiots gave him giant mountains of cash to sign on
they deserve it
Mountains in cash via underpaid labor. Hope the movement to unionize fucks all these tyrants.
This statement could also apply to the buffoons who frequent Starbucks to pay exorbitant prices for sugar with a dash of bitter coffee
If he wants to commute, fine so long as he has to take a regular commercial jet like the rest of us.
Get there two hours early, check in, go through airport security, wait at the gate, then board. Then do it again at the end of the day.
We'll see how long he could put up with that before thinking he should really not try to commute 1,000 miles away.
Stfu peasant... This daddy gonna live large while busting unions ... Game 102
to be fair when you commuter travel you rock up like 5 min before gates close and use CLEAR or TSA back in the day was enough
If it's the company jet do they get to write of its usage?
If so, this isn't a commute. You drive your own car at your own expense for a commute. I'm sure people wouldn't mind as much if they had a company car and a driver for their commute.
No, he faced backlash over wasting fuel, which is running out, and creating more carbon emissions, which are killing all of us, including this fucking dumb ass.
He’s a venti piece if sh*t.
Won't someone think of the restricted stock units???
So does he pay income taxes in Washington or California?
He's rich so probably neither
Well, there's no income tax in Washington, but I think technically you're supposed to pay based on where you physically work. So, if he's only working 3/5 days in Washington, that's only 60% of his salary that falls under Washington's rules.
That's not how it works. What matters is the state of your residency and the state that your paychecks come from. If you get paid in a state you don't reside in, you have to file in both, unless there's a reciprosity agreement. Many states will allow deductions for income tax paid in another state. So for example if the state your employer is in has a 4% rate, and the state you reside in has a 6% rate, then you'd end up paying 4% to state A and 2% to state B. It is possible to get double taxed depending on which states are involved.
So the CEO will at the very least have to file in California.
Both. He’d pay 3 days of Washington taxes which is zero. He’d pay two for California.
He should feel shame, but you know he doesn't. Only a sociopath would have bought-in to such a plan.