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Bosses Are Cutting Costs, Just Not the Private Jet
- malshe 1y agoUnlocked article: https://www.wsj.com/business/bosses-are-cutting-costs-just-not-the-private-jet-b519ab6b?st=MXWrb8&reflink=desktopwebshare_permalink https://www.wsj.com/business/bosses-are-cutting-costs-just-n...
- malshe 1y ago> Then there are companies like Starbucks, which pays for CEO Brian Niccol to commute via private jet from his home in Southern California to corporate headquarters in Seattle on a hybrid schedule. The cushy arrangement irks a lot of employees as the coffee chain is enforcing a return-to-office mandate, closing cafes and laying off workers, says Christine McHugh, a former Starbucks vice president. Niccol's arrangement with Starbucks is bizarre but I wonder whether he is the only CEO with such an arrangement.
- sparky_z 1y agoAs I recall from coverage at the time, Starbuck's's board specifically wanted him, they rolled out the red carpet to lure him away from Chipotle, and he insisted on the jet arrangement as a condition of taking the job because he didn't want to move his family to Seattle.