Coffee City
Melissa Allison tracks Seattle's — and the world's — caffeine addiction.
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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.
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