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FOX Business’ Lauren Simonetti studies on the most recent lawsuits hitting Starbucks as baristas in a number of states declare the corporate’s new costume code is against the law and forcing them to pay out of pocket.
Starbucks CEO Brian Niccol should now use the espresso big’s non-public plane for all journey to boost his safety, an organization spokesperson confirmed to FOX Business.
The Seattle-based firm stated an unbiased safety evaluation recognized “credible” dangers to Niccol that warrant enhanced safety, pointing to his high-profile place, elevated media publicity and the broader menace surroundings, based on a Monday regulatory submitting.
“Given Mr. Niccol’s CEO role, the enhanced media attention to which Mr. Niccol and Starbucks are subject, and the current threat landscape, the security study for Mr. Niccol also recommended that Mr. Niccol use private aviation for all air travel, whether for personal, commuting, or business purposes,” the submitting stated.
Starbucks CEO Brian Niccol appears to be like on throughout the Golden Bear Pro-Am previous to the Memorial Tournament offered by Workday 2025 at Muirfield Village Golf Club on May 28, 2025, in Dublin, Ohio. (Michael Reaves/Getty Images)
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Under Starbucks’ earlier coverage, Niccol’s private, non-commuting flights have been restricted to $250,000 yearly.
That restriction remained in place till September 2025, when the board permitted a brand new framework eradicating the cap. Niccol’s private use of the corporate plane will now be topic to a quarterly evaluation course of, based on the spokesperson.
No new spending restrict has been put in place.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SBUX | STARBUCKS CORP. | 93.30 | -1.86 | -1.96% |
“This change was driven by the security study’s recommendation that Mr. Niccol use the Company’s aircraft for all air travel, including personal air travel, and Starbucks current assessment of Mr. Niccol’s security situation and the threat landscape,” the submitting stated.
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People move by a Starbucks espresso store in Manhattan, New York, on Jan. 15, 2025. (Mostafa Bassim/Anadolu through Getty Images)
The submitting famous that if the board determines reimbursement is suitable, Niccol can be required to repay Starbucks for the incremental prices related to private, non-commuting flights.
The evaluation additionally advisable security measures when Niccol travels to higher-risk locations, together with using a devoted automobile and driver service in Seattle.
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The Starbucks brand hangs close to the doorway to a Starbucks espresso store in Aspen, Colorado. (Robert Alexander/Getty Images)
Niccol, who grew to become CEO of Starbucks on Sept. 9, 2024, obtained roughly $31 million in compensation final yr, based on the submitting.
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The spokesperson famous that Niccol spends nearly all of his time visiting Starbucks coffeehouses throughout the U.S. and internationally, in addition to working in Seattle, the place he has each a house and an workplace.
Starbucks shares closed at $95.16 apiece and are up 13% yr to this point.
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