Starbucks has undergone a tidal wave of change since Brad Lerman joined it as chief legal officer in April 2023. Photo: Diego M. Radzinschi/ALMStarbucks Hands New CLO Hefty Raise, Says He Fosters 'Environment of Courage and Joy'
Brad Lerman has helped the company navigate a litany of sticky situations, including the firing of its CEO, a proxy battle with activist investors and tensions with workers over their nationwide unionizing drive.
January 27, 2025 at 11:08 AM
5 minute read
Starbucks Chief Legal Officer Brad Lerman saw his compensation increase 40% in his first full year in the role, as the 40-year legal veteran won plaudits from the CEO and board for “his effective leadership and oversight with respect to a number of extraordinary legal and governance matters.”
The Seattle-based coffee giant filed a proxy statement with the Securities and Exchange Commission late Friday disclosing executive compensation for the fiscal year that ended Sept. 29, 2024—a tumultuous stretch marked by strife with shareholders and store workers, the firing of CEO Laxman Narasimhan after less than a year on the job and the hiring of Chipotle CEO Brian Niccol to succeed him.
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