Ousted Starbucks Chief Executive Jim Donald will receive $1.25 million in severance pay over the coming year, according to a filing today...

Share story

Ousted Starbucks Chief Executive Jim Donald will receive $1.25 million in severance pay over the coming year, according to a filing today with the Securities and Exchange Commission.

Donald left the company effective Jan. 7, and Starbucks Chairman Howard Schultz assumed the CEO role.

For the fiscal year ended Sept. 30, Donald received a salary of $1 million for 2007, up from $978,846 for 2006, plus option awards worth $6.49 million and $36,920 in other compensation.

Melissa Allison: 206-464-3312 or mallison@seattletimes.com