Chipotle’s Bosses Get Extra $64.4 Million From Tweak to Results

April 5, 2021, 3:14 PM

Chipotle Mexican Grill Inc.’s five most-senior executives received an additional $64.4 million of awards last year after the company’s board tweaked bonus calculations to exclude abysmal sales from the first few months of the pandemic lockdown.

The company stripped out certain results for March, April and May of 2020, when government restrictions forced it to close restaurants and limit service to delivery and takeout, according to a regulatory filing Monday. Chipotle said it also excluded some cost increases attributable to the pandemic.

Brian Niccol
Photographer: Kevin Sullivan/Digital First Media/Orange County Register/Getty Images

The changes added $23.6 million to Chief Executive Officer Brian Niccol’s total compensation, pushing his...

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