Categories: Headlines

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

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

INSTORE Staff

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

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