The payment of the CEO of Starbucks was more than 6,000 times more than the typical baristas last year

The CEO of Starbucks, Brian Niccol, made much better than the typical coffee chain barista last year. A few thousand times better, in fact.

The payment package of $ 96 million of Niccol by 2024 was 6,666 times greater than that of the average Starbucks employee, the most unequal CEO-worker payment relationship in a new analysis of “low wages” employers by the Institute of Policies Studies, a group of progressive experts.

The Seattle -based company easily headed the list thanks to the Awings Awards of approximately $ 90 million of Niccol. Most of the unusually high stock subsidies were destined to cover the money Niccol was losing to leave Chipotle’s casual chain last year. In a typical year, its prize to Target shares would be around $ 23 million.

In comparison, the average Starbucks worker took home $ 14,674 for the year, a figure provided to the stock exchange and values ​​commission that includes part -time employees and workers abroad. Payment impulse has been a central objective of the Starbucks World United campaign, which has unionized more than 600 stores throughout the country since 2021.

Niccol’s compensation is now “directly linked to Starbucks’s future performance,” said Andrew Trull, Starbucks spokesman, News themezone.

“Starbucks believes that Brian has established himself as one of the most effective leaders in our industry, with a proven history of delivering long -term value to employees, clients and shareholders,” Trull said.

“It is the theory of the corporate value of ‘Great Man’ that says that these types are worth hundreds or thousands of times more than its typical worker.”

– Sarah Anderson, Institute for Policy Studies

Sarah Anderson, author of the report, told News themezone that the Starbucks example can be extreme, but considers it as part of a “broader trend” in which the executive payment is triggered compared to that of the rank and file employee.

“It’s just a scandalous case,” Anderson said. “It is the theory of the corporate value of ‘Great Man’ that says that these types are worth hundreds or thousands of times more than its typical worker.”

The analysis, entitled “Executive Excess”, analyzes the 100 employers in the S&P 500 stock market index with the lowest medium payment of the workers. Public companies are now required to denounce these salary figures in annual presentations.

The CEO paid among those 100 companies with 34.7% for a five -year section, to an average of $ 17.2 million, compared to an increase of 16.3% for the average worker during the same period, to an average of $ 35,570.

The greatest drop in the medium payment of the workers occurred in Uult Beauty, the cosmetics chain, falling 46% for five years, to $ 11,078. The report attributes that they immerse themselves to an expansion in the company’s part -time workforce, demolishing the annual salary of the typical worker.

Michael Reaves through Getty Images

The report indicates that many companies have chosen to collect money in shares of shares instead of increasing wages. It was then that a company buys its own shares in the open market to judge the value of the remaining shares and reward investors, including company executives who have high amounts of shares.

The companies analyzed in the report collectively spent $ 644 billion on shares for a period of five years, “Siphon[ing] Resources outside the wages of workers and long -term productive investments. ”

Anderson argues that federal policy formulators could do a lot to discourage repurchase, even restrict them as a condition of federal contracts and by increasing an existing tax on them. The Congress approved a special 1% tax on shares under President Joe Biden.

According to the analysis, the best of the companies that made repurchases were the retail retications for the Lowe’s and Home Depot, according to the analysis. They spent $ 46.6 billion and $ 37.9 billion, respectively, during the five -year section.

Anderson said that money would be better spent on employees, noting that it may be difficult to find a worker to help him when looking for something in a Lowe or Home deposit. The report estimates that Lowe’s could have added 88 workers in each of their stores with the money he dedicated to the repurchase.

“The lack of staff is a big problem,” he said. “It makes it difficult for employees to provide good customer service when they are executed so irregular.”