Many of you know that Pat has graciously handed over the reigns to a group of us to manage Green Apron Stories. While the site layout and logistics may change, it will still maintain the same purpose. While the transfer was taking place, I spent some time talking with Pat. Look forward to the interview sometime this week.
On a business note, there is much buzz about Starbucks decision to halt the salary increases for its’ executives. To put this in perspective for the rest of you partners, here is the salary reports for FY 2008. As a recently laid off partner, I can’t say that I feel bad considering the some of the severance packages that I’ve seen.
- Howard Schultz - $1, 200,000
- Chet Kuchinad - $900,000
- Martin Coles - 1,000,000
Sorry if the average Joe partners don’t feel bad. How will they make ends meet? More importantly, how will they be able to shake the hands of those partners they meet and interact with?
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