Starbucks paid new CEO Brian Niccol about $96 million last year after only four months with the company. It became one of the highest pay packages in corporate America.
According to Bloomberg, about 94 percent of Nicoll's compensation came from stock awards. He joined Starbucks in early September and received a $5 million bonus a month after his arrival.
Starbucks fired its former chief executive last year after falling sales, and Nicol was poached from fast-food chain Chipotle Mexican Grill to lead a turnaround. Starbucks also covered the cost of Nicole's temporary housing in Seattle, where Starbucks is based, as well as the use of corporate jets.
Bloomberg estimates Nicol's annual salary at about $113 million when he was hired, much of it tied to equity to replace awards he gave up when he left his former employer. In the Bloomberg Compensation Index, Nicol ranks among the top 20 highest-paid ceos.
On January 7th local time, GameStop (GME.US) announced that the company's board of directors had approved a potential executive compensation package worth $3.54 billion, which was targeted at the company's CEO, Ryan Cohen. At the same time, this new compensation package set extremely high performance thresholds: Cohen, the CEO, needed to increase the company's market capitalization from $9.5 billion to $100 billion.
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