Starbucks Removes $250,000-a-Year Cap for CEO’s Private Jet Use

Starbucks Corp. is mandating that Chief Executive Officer Brian Niccol use the company’s private jet for all his travel, including personal trips, while removing a previous restriction that would have required him to reimburse some travel expenses.

Under the travel agreement, which was altered following a security review, Niccol no longer has to pay Starbucks back for non-professional use of the jet, according to a filing. Previously, he was responsible for charges from personal travel after an annual cap of $250,000.

“Following a security review of risks, the Starbucks board of directors made the decision to enhance security measures ...