In December 2019, Starbucks approved long-term cash performance-based incentives for Johnson and Brewer, intended to keep them in leadership roles for at least the next three years. The CEO’s price had a target of $25 million, while Brewer’s had a target of $5 million. Both had the potential to be worth double those amounts, according to an application. Johnson’s price will be set despite his departure in September, but the company does not currently expect to pay it, a Starbucks spokesperson said.


This post Starbucks CEO retires; Founder Howard Schultz to Return as Interim CEO was original published at “https://www.bloombergquint.com/business/starbucks-ceo-to-retire-founder-schultz-returns-as-interim-ceo”

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