Saturday, February 6, 2016

How much can you earn as salary if you create something like Starbucks

Jan 28 2016
Source: : The Economic Times (Bangalore). Bloomberg

HOWARD SCHULTZ'S PAY EQUALS 9 MILLION ESPRESSO MACCHIATOS


One espresso macchiato costs $2.25.
Schultz's annual pay is $20.1 mn
It's still a lot of java.Starbucks CEO Howard Schultz received $20.1 million in reported compensation last year, the Seattle-based company said in a filing Monday. Measured in his favourite beverage, the value of his pay is enough to buy almost nine million espresso macchiatos -or 24,400 each day for a year.
The Italian-style macchiato, made up by two shots of espresso and a touch of steamed milk foam, sells for $2.25 at the Starbucks in Seattle, where the company has its headquarters.

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