Stock is up 30% from $75 to $98 in the short time he has been at the helm. That’s about a $26 billion increase that flows to shareholders. Vanguard, a member-owned firm, is the largest of these shareholders in the case of SBUX, alongside and serving many retail investors…
So the point being that $96M in comp looks like a 1:1 trade against the cost of 1.1k employees (for a year) but enhanced the value of the company tremendously and righted the ship. Retirees, pensioners, and many people who own stock will benefit. Makes sense to me that Brian is rewarded with 0.4% of the performance. Great management!
Makes me never want to purchase Starbucks again.
The coffee sucks too
It cost $97,818 for each employee they got rid of, not including lost productivity from their labor.
4 comments
Stock is up 30% from $75 to $98 in the short time he has been at the helm. That’s about a $26 billion increase that flows to shareholders. Vanguard, a member-owned firm, is the largest of these shareholders in the case of SBUX, alongside and serving many retail investors…
So the point being that $96M in comp looks like a 1:1 trade against the cost of 1.1k employees (for a year) but enhanced the value of the company tremendously and righted the ship. Retirees, pensioners, and many people who own stock will benefit. Makes sense to me that Brian is rewarded with 0.4% of the performance. Great management!
Makes me never want to purchase Starbucks again.
The coffee sucks too
It cost $97,818 for each employee they got rid of, not including lost productivity from their labor.
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