Oh, to be a fly on the wall when Brian Niccol negotiates his new roles. The newly named CEO of Starbucks has mastered an enviable skill: For the second time, he’s made a major career move that hasn’t required him to move from his (apparently beloved) home in Newport Beach, California. A pretty sweet perk of Niccol’s potential $100 million-plus employment package with Seattle-based Starbucks is that the company will create a “small remote office” for Niccol in the southern California coastal community—complete with an assistant of his choosing.
Niccol successfully negotiated a similarly swanky deal when he became the CEO of Chipotle in 2018, though the company later moved its headquarters from Denver to Newport Beach. There’s no indication yet that Niccol will try to repeat that feat again; Starbucks has cycled through three CEOs in as many years and the coffee chain is celebrating 30 years at its Seattle headquarters. Then again, maybe there’s something in the water in Southern California.
Niccol steered a successful reinvigoration of Taco Bell during his three-year tenure from the chain’s Irvine, California, headquarters—less than a 20-minute drive from Newport Beach. He left Taco Bell in 2018 to take the reins at Chipotle, and his successful legacy includes the stock surging nearly tenfold during his tenure. | Jack Hartung, Chipotle’s chief financial officer, told Restaurant Business in 2020 that the company’s move from Denver to Newport Beach “was.