Starbucks RTO: New Office Near CEO’s California Residence

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Here’s a summary of the key data from the provided text about Starbucks CEO Brian Niccol:

Compensation: Niccol received a $1.6 million base salary, a $10 million signing bonus, and a $75 million equity grant over three years. He could possibly earn over $100 million in his first year.
Travel: He previously commuted via the company’s private jet (995 miles) from California too Seattle at least three times a week due to a return-to-office mandate.
Return-to-office Policy: Niccol has increased the required in-office days for corporate staff from three to four days a week, starting in October.
Buyout Option: Employees who don’t want to return to the office can opt for a cash buyout (amount undisclosed).
Leadership & Turnaround: Niccol became CEO in September, previously leading Chipotle. he’s implementing a “Back to Starbucks” plan to address slumping sales.
Executive incentives: Starbucks is offering executives performance-based stock grants worth up to $6 million.
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