1806 ET - Starbucks CEO Brian Niccol has become one of the highest paid CEOs in the S&P 500 index when compared to how much the company's employee base gets paid. The ratio of Niccol's annual total compensation for 2024 was 6,666 to 1, Starbucks says. Niccol took over Starbucks' top job in September. According to a WSJ analysis of data from MyLogIQ, the pay ratio is among the highest for major companies. In 2022, Live Nation CEO Michael Rapino made 5,414 more than the median worker at the world's largest concert promoter. In 2021, Amazon CEO Andy Jassy made 6,474 more than the median worker at the online retailing giant. Tesla for 2018 reported that Elon Musk made more than 40,000 times the median worker there, although that pay package was later thrown out by a Delaware judge.(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
January 24, 2025 18:06 ET (23:06 GMT)
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