Proxy Firms Cautious on Starbucks CEO Pay -- Market Talk

Dow Jones

03-03

1252 GMT - Starbucks CEO Brian Niccol's more than $90 million compensation package has drawn some caution ahead of the company's March 12 shareholders meeting. Glass Lewis advised shareholders to vote against Niccol's pay, calling the price tag "staggering" and questioning the company's succession planning. Institutional Shareholder Services recommended approval, saying the disclosure surrounding the large award was robust. Starbucks said Niccol's pay reflected his transformative role at the company, was performance based and accounted for his equity forfeited from Chipotle. (heather.haddon@wsj.com; @heatherhaddon)

(END) Dow Jones Newswires

March 03, 2025 07:52 ET (12:52 GMT)

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Glass Lewis advised shareholders to vote against Niccol's pay, calling the price tag \"staggering\" and questioning the company's succession planning. Institutional Shareholder Services recommended approval, saying the disclosure surrounding the large award was robust. Starbucks said Niccol's pay reflected his transformative role at the company, was performance based and accounted for his equity forfeited from Chipotle. 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Starbucks said Niccol's pay reflected his transformative role at the company, was performance based and accounted for his equity forfeited from Chipotle. (heather.haddon@wsj.com; @heatherhaddon) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 03, 2025 07:52 ET (12:52 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}