Brian Niccol Made 6,666 Times More Than The Average Starbucks Worker In 2024 – CoffeeTalk

Starbucks’ CEO, Brian Niccol, made 6,666 times more than his average worker in 2024, according to a report by the AFL-CIO. The inequality gap between CEOs’ pay and that of their median workers rose to 285 to 1 from 268 to 1 in 2023. CEO pay rose 7% in 2024 among S&P 500 companies, an increase of $1.24m from 2023.

Niccol, who joined the company in September 2024, received more than $97.8m in total compensation in 2024, while the typical Starbucks worker’s pay was less than $15,000. The median Starbucks worker would have had to start working for Starbucks in 4643 BC (during the Stone Age) just to earn what Starbucks’ CEO earned in 2024 alone.

Trump’s “big, beautiful” reconciliation bill passed this year will hand the average CEO of an S&P 500 company a $489,118 tax cut, 639 times more than the median US worker. Fred Redmond, secretary treasurer of the AFL-CIO, said that Trump is paying for this handout to CEOs by cutting healthcare, food assistance, and hundreds of thousands of jobs that depend on government investments.

An analysis by the Institute on Taxation and Economic Policy found the top 1% of US families, by income, will collectively receive a tax cut of $1.02tn over the next decade as a result of the reconciliation bill.

Read More @ The Guardian