According to a proxy statement, Starbucks CEO Howard Schultz got paid $1.5 million in base salary, $7.5 million in stock awards and $6.9 million in options, as well as a $4 million bonus. Starbucks also paid $200,000 in security services for Schultz.
Starbucks CEO Howard Schultz was paid $20 million for the fiscal year that ended last September, during which the Seattle company saw booming revenues and rapid expansion.
According to a proxy statement filed with the Securities and Exchange Commission, Schultz got $1.5 million in base salary, $7.5 million in stock awards and $6.9 million in options, as well as a $4 million bonus. Starbucks also paid $200,000 in security services for Schultz.
Mainly due to lower stock option awards, Schultz’s compensation was down slightly from the 2014 fiscal year, in which he earned $21.5 million. Last year he came in second in a Seattle Times ranking of the region’s best compensated CEOs.
Starbucks revenues rose 17 percent in 2015 to a record $19.2 billion.