Coffee City
Melissa Allison follows the world's biggest coffee-shop chain and other Seattle caffeine purveyors.
Comments (0)
E-mail article
Print
Share
Howard Schultz's base salary raised to $1.3 million for Starbucks' fiscal 2010
Posted by Melissa Allison
That's from about $10,000 in fiscal 2009, when the Starbucks CEO requested that it be reduced to the minimum necessary for him to continue receiving health-care and other benefits. Schultz's salary for the previoust few years had been $1.2 million.
His total compensation in fiscal 2008 was $9.7 million. We're still waiting for a proxy filing to find out what it was in fiscal 2009, when he was not eligible for a standard bonus but did receive stock options, making his pay directly tied to Starbucks' stock performance. Shares rose 40 percent during Starbucks' fiscal 2009.
The pay information came from a Starbucks spokeswoman, not a securities filing. A slew of filings this evening reveal stock options for the company's top executives for fiscal 2010. They vest over four years and, unlike the restricted stock units executives received last week, they will have to pay something for these -- $22.06 a share -- when they exercise them.
Here's who got what, filing by filing.
Dec 10, 10 - 5:05 PM
Last blog post from Coffee City: Author of coffee history book to read at Starbucks Olive Way
Dec 9, 10 - 5:37 PM
Carly Simon case against Starbucks dismissed, again
Dec 8, 10 - 4:53 PM
Howard Schultz's end-of-year letter to employees: Dec. 2 saw record whole-bean sales in Starbucks stores
Dec 7, 10 - 2:56 PM
Lynnwood cafe bought, renamed; dozens more coffee shops still for sale
Dec 6, 10 - 1:04 PM
Kraft seeks preliminary injunction against Starbucks


- Lakewood cop accused of embezzling $150K meant for slain officers' families
- 3 big health insurers stockpile $2.4 billion as rates keep rising
- Agency set to investigate handling of 911 call about Josh Powell
- Quick decisions: How Washington hired its new football staff
- Historic day for gay marriage as another fight looms
- Justin Wilcox's versatile defensive style is the right fit for Huskies | Jerry Brewer
- Social worker recounts minutes before Powell fire
- It's Terrence Time: Enigmatic Ross leads Huskies
- $25B settlement reached over foreclosure abuses
- Club promoter convicted in brutal 2010 murder of Des Moines prostitute
- Gay-marriage bill passes House, awaits Gregoire's signature
464 - Historic day for gay marriage as another fight looming
357 - Wanted in Seattle classrooms: more teachers of color
277 - 3 big health insurers stockpile $2.4 billion as rates keep rising
242 - Source: NY, California to sign mortgage settlement
231 - Oregon live game thread
155 - Pac-12 picks ... including the UW game
140 - Council members get briefing on arena proposal, minus details
127 - AP Source: Obama to change birth control rule
117 - Worker: Josh Powell told son he had 'surprise'
100
- State Medicaid program to stop paying for unneeded ER visits
- 3 big health insurers stockpile $2.4 billion as rates keep rising
- Wanted in Seattle classrooms: more teachers of color
- One man's audacious pursuit of sailing history
- Darren Berg gets 18-year sentence for Ponzi scheme
- $25B settlement reached over foreclosure abuses
- Economy, blogs give survivalists new reason to look to Northwest
- 'Gauguin and Polynesia': dazzling mix-and-match | Art review
- State's share of mortgage settlement: $648 million
- A wandering gene's destructive path | Book review


