Starbucks Corp. reported a staggering CEO to median employee pay ratio of 6,666 to 1 for fiscal year 2024, the highest among S&P 500 companies. CEO Brian Niccol's compensation reached nearly $98 million, juxtaposed with median worker earnings of about $14,674. The article highlights the challenges Niccol faces in turning around the struggling chain amidst intense competition, customer dissatisfaction, and a history of falling sales, while advocating for pay equity in labor compensation.
The ratio of our CEO's annual total compensation to our median employee's annual total compensation for fiscal year 2024 is 6,666 to 1.
Niccol has a tall hill to climb. Starbucks competes with McDonald's, Dunkin Donuts, and local coffee houses in the United States.
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