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Starbucks Removes $250K Cap on CEO Private Jet Use Following Security Review

Starbucks Removes $250K Cap on CEO Private Jet Use Following Security Review

Author:

Global Cryptocurrency

Published:

2026-01-27 22:23:02

11

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BTCCSquare news:

Starbucks Corporation has eliminated the $250,000 annual reimbursement cap for CEO Brian Niccol's personal use of the company jet after a security assessment highlighted elevated risks. The board now mandates Niccol use corporate aircraft for all travel—business and personal—without repayment obligations.

The MOVE comes amid heightened scrutiny of executive security following high-profile incidents. Starbucks spent over $1.1 million on Niccol's protection in fiscal 2025, reflecting growing corporate emphasis on C-suite safety.

Investors showed muted reaction as shares closed marginally lower at $95.72 ahead of this week's earnings release. The policy change aligns with broader trends in executive protection protocols across Fortune 500 companies.

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