Bosses Are Cutting Costs, Just Not the Private Jet

Posted3 months agoActive3 months ago

malshe

8 points

3 comments

wsj.comOtherstory

skepticalnegative

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20/100

Corporate FinanceExecutive CompensationBusiness Ethics

Key topics

Corporate Finance

Executive Compensation

Business Ethics

The article discusses how corporate executives are cutting costs in various areas, but continue to use private jets, sparking criticism and raising questions about priorities and accountability; the HN discussion touches on the perceived disconnect between cost-cutting measures and executive perks.

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01Story posted
Oct 9, 2025 at 1:24 PM EDT
3 months ago
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Oct 9, 2025 at 4:37 PM EDT
3 months ago
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Discussion (3 comments)

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malsheAuthor

3 months ago

1 reply

> Then there are companies like Starbucks, which pays for CEO Brian Niccol to commute via private jet from his home in Southern California to corporate headquarters in Seattle on a hybrid schedule. The cushy arrangement irks a lot of employees as the coffee chain is enforcing a return-to-office mandate, closing cafes and laying off workers, says Christine McHugh, a former Starbucks vice president.

Niccol's arrangement with Starbucks is bizarre but I wonder whether he is the only CEO with such an arrangement.

sparky_z

3 months ago

As I recall from coverage at the time, Starbuck's's board specifically wanted him, they rolled out the red carpet to lure him away from Chipotle, and he insisted on the jet arrangement as a condition of taking the job because he didn't want to move his family to Seattle.

malsheAuthor

3 months ago

Unlocked article: https://www.wsj.com/business/bosses-are-cutting-costs-just-n...

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ID: 45530600Type: storyLast synced: 11/17/2025, 11:12:16 AM

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