Connect with us

Headlines

Go Ahead, Guess How Much Money Starbucks CEO Howard Schultz Makes Per Hour

mm

Published

on

The top four highest-paid retail and restaurant CEOs all make at least $9,000 every 60 minutes.

After combing through data from S&P Market Intelligence, USA Today compiled a ranking of the 10 highest-paid CEOs in the restaurant and retail industries. The article says that the data spans 76 restaurant and retail companies in the Standard & Poor’s Composite 1500 that have disclosed their executive pay for the 2015 fiscal year. As the figures below indicate, being the head honcho of a publicly traded retail giant is “nice work, if you can get it,” says Brandon Rees, deputy director of the office of investment at labor union AFL-CIO.

Here are the top 10 highest-paid restaurant and retail CEOs on a per-hour basis, according to the news outlet:

  • Larry Merlo, CVS Health – $13,915
  • Leslie Wexner, L Brands – $13,062
  • Howard Schultz, Starbucks – $9,659
  • Doug McMillon, Walmart – $9,323
  • Steven Ells, Chipotle – $6,653
  • Montgomery Moran, Chipotle – $6,520
  • Robert Niblock, Lowe’s – $6,325
  • Hubert Joly, Best Buy – $6,220
  • Thomas Folliard, CarMax – $5,623
  • Terry Lundgren, Macy’s – $5,623

Read more at USA Today

Advertisement

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

Promoted Headlines

Most Popular