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Rolling coverage of the latest economic and financial newsNew US job market numbers weaker than expected as Fed eyes interest rate cutOver in the US, Starbucks’ incoming CEO, Brian Niccol, is facing environmental criticisms following the company’s offer for him to commute from his home in Newport Beach, California, to its headquarters in Seattle via a private jet instead of relocating.Following reports of Niccol’s super commute, people were quick to point out the apparent hypocrisy in the use of private jets in the context of the company’s sustainability efforts, including its ban on plastic straws.“The new Starbucks CEO is ‘supercommuting’ 1,000 miles to Seattle on a private jet to work, so don’t be too harsh on that waitress who gave you a plastic straw when you didn’t want one.”“Absolutely wild that it cost $85 million in cash/stock to pry this guy from Chipotle and then they’ll just let him thrash the environment to commute 1000 miles 3 times a week on a corporate jet instead of having him move to the PNW [Pacific north-west]. Continue reading…
Rolling coverage of the latest economic and financial news
New US job market numbers weaker than expected as Fed eyes interest rate cut
Over in the US, Starbucks’ incoming CEO, Brian Niccol, is facing environmental criticisms following the company’s offer for him to commute from his home in Newport Beach, California, to its headquarters in Seattle via a private jet instead of relocating.
Following reports of Niccol’s super commute, people were quick to point out the apparent hypocrisy in the use of private jets in the context of the company’s sustainability efforts, including its ban on plastic straws.
“The new Starbucks CEO is ‘supercommuting’ 1,000 miles to Seattle on a private jet to work, so don’t be too harsh on that waitress who gave you a plastic straw when you didn’t want one.”
“Absolutely wild that it cost $85 million in cash/stock to pry this guy from Chipotle and then they’ll just let him thrash the environment to commute 1000 miles 3 times a week on a corporate jet instead of having him move to the PNW [Pacific north-west].
