By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Arabian NewsThe Arabian NewsThe Arabian News
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Reading: Starbucks Chief Gets $96 Million Pay Package, Most of Which Is Stock Awards
Share
The Arabian NewsThe Arabian News
  • Politics
  • Pursuits
  • Business
  • Technology
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
alt="Starbucks Chief Gets $96 Million Pay Package, Most of Which Is Stock Awards"
The Arabian News > World > Starbucks Chief Gets $96 Million Pay Package, Most of Which Is Stock Awards
World

Starbucks Chief Gets $96 Million Pay Package, Most of Which Is Stock Awards

admin
SHARE

According to a recent company filing, Starbucks CEO Laxman Narasimhan received a staggering $96 million in compensation during his first few months on the job. The huge payout, most of which is stock awards accounting for 94%, is among the most generous pay packages in the corporate world. It has both elicited admiration and controversy.

Although the stock-based compensation ensures that the CEO’s interests are aligned with long-term performance, the critics of the company point out that the enormous amount paid out to him after only a few months in the company may appear exorbitant when viewed against the rising tide of public discourse about income inequality and wages. According to analysts, although the pay structure is aimed at pushing Narasimhan to propel Starbucks’ future success, it does not appeal to the public.

Narasimhan, who officially became CEO in April 2023, is on record as a leader at PepsiCo and Reckitt Benckiser. His stock compensation was intended to spur Starbucks to further heights. This is also part of a bigger trend where many CEOs receive most of their pay in the form of performance-based stock options, rather than cash salaries.

The move has attracted much criticism, but Starbucks has justified the pay package as a strategic move to ensure strong leadership and drive the company’s growth in a competitive marketplace. With Starbucks continuing to recover and expand globally, only time will tell how this move will pan out in the long run.

 

You Might Also Like

Kuwaiti Teacher Sentenced to 7 Years for Huge Medical Leave Scam

Israel Rejects New Gaza Ceasefire Agreement for 10 Hostages, 70-Day Truce

More Than 3 Million Pilgrims Transit Through Saudi Airports During Ramadan Season

Egypt is hosting leaders from Iran and Turkey at an important summit focused on Muslim unity

Five are hurt in an Amsterdam stabbing, and police are looking into the cause

TAGGED:Starbucks Chief Gets $96 Million Pay Package
Share This Article
Facebook Twitter Email Print
Previous Article alt="India's Electric Car Market to Reach 9% Penetration by FY30, Says Nomura Report" India’s Electric Car Market to Reach 9% Penetration by FY30, Says Nomura Report
Next Article alt="Hamas Releases Four Israeli Hostage Women to Red Cross in Gaza" Hamas Releases Four Israeli Hostage Women to Red Cross in Gaza

Popular News

alt="https://thearabiannews.com/uae-finfluencer-license-registration-sca-investor-protection/"
UAE mandates ‘Finfluencer’ licences to protect investors; registration now required
Exclusive
alt="UAE’s Al Ansari Financial Services Expands to India: Hyderabad Chosen as Strategic Hub"
Al Ansari Financial Services of the UAE expands into India, with Hyderabad chosen as the strategic hub
Exclusive
alt="iPhone 17 Rumor Roundup: Bigger Screens, Higher Price Tag, and Potential Tariff Trouble?"
iPhone 17 Rumor Roundup: Bigger Screens, Higher Price Tag, and Potential Tariff Trouble?
Technology
alt="GCC Banking Upheaval: As Oil Prices Drop, More Than 150 Banks Must Consolidation During Oil Price Slump"
GCC Banking Upheaval: As Oil Prices Drop, More Than 150 Banks Must Consolidation During Oil Price Slump
Business

Recent News

  • Dubai School Grows 100,000kg of Produce in a Year with AC Water and Smart Technology
  • ASUS Launches No.1 Copilot+ PCs in Middle East
  • 5 Must-Do Eid Al Adha Experiences for Kids in the UAE—Nonstop Fun on a Budget
  • Air India Express has a limited-time discount on UAE-India flights
  • Ryanair Flight Makes Emergency Landing in Germany After Severe Turbulence Injures Nine
The Arabian News

Quick Links

  • Home
  • Business
  • Real Estate
  • Contact

Featured Categories

  • Real Estate
  • Wellness
  • Politics
  • Economics

Find Us on Socials

© 2024 The Arabian News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?