Starbucks CEO's insane salary

[DesertAuthor]

The new CEO of Starbucks is getting about $113 million dollars annually in various forms of compensation. This is about 7,900 times the average salary of Starbuck's workers. How do you feel about this??

[spooky3]

1. That the employees should unionize. Nt

[whathehell]

4. I agree, and I believe they have been trying

to do that.

[crud]

2. quick math...

$905.44 per minute

40 hour work week

[Irish_Dem]

3. How many years until he becomes a billionaire?

Since you are doing the math.

[Bucky]

8. People like this don't depend on their incomes for wealth

He no doubt already has more than his share of sweetheart investments and hedge fund holdings that his real wealth comes from. He could lose 80% of it overnight and it wouldn't affect his opulent lifestyle. Dollar figures to people like this is just a way of keeping score.

[Irish_Dem]

9. My point is that he can become a billionaire with this salary.

When his employees cannot afford groceries or rent.

[RubyRose]

5. Thats a lot of mochas! CEO compensation is out of

control.

[WarGamer]

6. If the Starbucks CEO made $1 a year...

And the $113M salary was divided up evenly among the employees...

They'd see an extra $7.80 a week in their check.

[Bucky]

10. Fine by me

You think he's the only person in that corporation pulling obscene amounts of money?

The point isn't how much money he makes; it's how many congressmen he's buying with that level of loot

[RidinWithHarris]

13. Although it would still probably be a small amount divided evenly, I suspect, in addition to the $113M...

...he's also getting a lot of non-salary stock bonuses on top of that enormous paycheck.

[CoopersDad]

7. Should be taxed at 75% or greater beyond the first Million.

I'd be fine with that money going to housing, healthcare, education, etc.

[AllaN01Bear]

11. eek, what do the ceos do with all that money? super boats , huge airplanes and meanwhile the employees get

paid diddley

[jmowreader]

12. I wouldn't run a company that complex for less than that

They've got over 15,000 stores in 80 different nations, over 300,000 employees, work in the food industry which has regulations like you wouldn't believe (worse, every jurisdiction they are in has different ones) and have one of the most complicated supply chains on the face of the earth. They're also the biggest coffee trader out there. There might be ten people in the country who could run Starbucks, and they don't come cheap.

One hundred thirteen million dollars a year is a cubic shitload of money, but it's what you need to pay to get someone who can actually do this job.

[Clouds Passing]

14. I don't patronize Starbucks.

[Skittles]

15. I just don't care for their coffee

tastes burnt to me

[orthoclad]

16. "Steal all you can" is 21Cen capitalism

Enforce labor laws, including union efforts. Enforce anti-trust laws. Break up megacorps. Hand out jail, not fines (aka cost of biz).

Brew the rich.

[Fla Dem]

17. He ain't the only CEO taking a multi, multi, million dollar salary.

That's why food and other necessary goods are so expensive.