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Starbucks CEO's Luxe Office Unveiled Amid Sales Decline

7/31/2025

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Summary

Story summary

Starbucks has completed a 4,624-square-foot luxury office for CEO Brian Niccol in Newport Beach.
The office, designed by Gensler, will be maintained at the company's expense.
Niccol's compensation package includes a $1.6 million salary, a $10 million signing bonus, and a $75 million equity grant.
Despite a 2% decline in global store sales over six quarters, net revenue increased by 4%.
Starting in October, Niccol requires corporate staff to return to the office four days a week.

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Story summary

Starbucks has completed a 4,624-square-foot luxury office for CEO Brian Niccol in Newport Beach.
The office, designed by Gensler, will be maintained at the company's expense.
Niccol's compensation package includes a $1.6 million salary, a $10 million signing bonus, and a $75 million equity grant.
Despite a 2% decline in global store sales over six quarters, net revenue increased by 4%.
Starting in October, Niccol requires corporate staff to return to the office four days a week.