Starbucks Builds New Office Near CEO’s California Home: RTO

Starbucks have built a 4,624 square foot office in Newport Beach, California, which is five minutes away from the Orange County home in CEO Brian Nicole.

According to documents and photos that have been reviewed Business InternalThe 13th floor office was completed on July 2 and was designed by a leading architectural company, Ganscel, who also designed the Chase Center in China’s tallest building, San Francisco and Shanghai Tower.

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A floor plan for the office, through which has been viewed BiGanscel and contracting team instructs Pacific Tusc Builders to make a place with “luxury” tone, including “White Oak” floor and customs counter -tips. It also asks for “beautiful lighting”.

Office plans were first disclosed in August 2024, in the US Securities and Exchange Commission, presenting a Nicole compensation package. The filing states that the Starbucks will plan to establish a “small remote office” in Newport Beach and “employ an assistant” for Nicole of his choice.

The filing states that “this location of the office will be maintained at the expense of the company.”

Starbucks told Bi It is unclear how other employees can use a new office, though it is unclear how long the other employees will work from the office, how much time it took to build the place, and how much it cost for the construction of the star box.

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The Starbucks also awarded Nicole’s $ 1.6 million salary, a $ 10 million signed bonus, and a $ 75 million equity grant in the next three years.

Nicole was previously traveling at the company’s expenses, flying from his home in California to California at 995 miles at Seattle, Washington, on the company’s private jet, to work at least three times a week as part of the company’s return mandate.

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Earlier this month, Nichol sent a letter to the employees stating that the corporate staff would have to return to the office four days a week in October, which increased by the three -day schedule in 2023. He writes that when employees come together, they do their “best work”.

If employees prefer to leave the company instead of working in the office, employees can choose to receive an unknown amount of cash purchase.

Nicole wrote in the letter, “For the supporters of the Support Partners, personally, personally, should work in the Star Box office.” “We understand that not everyone will agree with this view.”

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Nicole became the CEO of the Starbucks in September after leading the chapotal for six years as CEO. Under his leadership, Starbucks have tried to sell sale in sale with the “Back to Star Box” Turn Round Plan, which has resulted in a decrease in its menu, low wait time for coffee, and consumers on Cups in Sharpi.

On Tuesday, Starbicks also reported its 13 -week financial results, ending June 29. The sales of the global store declined by 2 %, which also reduced the sale of North American shop by 2 %, which identified the sixth consecutive quarter of sales. However, compared to the same time last year, net revenue increased from 4 % to $ 9.5 billion.

The revenue report also states that the Starbucks opened 308 net stores in the quarter, a total of 41,097 global stores.

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