Chipotle Promising to Pay Top Executives up to $1 Mln if They Don't Ditch the Chain Before New CEO

Chipotle Promising to Pay Top Executives up to $1 Mln if They Don’t Ditch the Chain Before New CEO


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Chipotle Promising to Pay Top Executives up to $1 Mln if They Don’t Ditch the Chain Before New CEO
Business Insider ^ | 1/12

Posted on 01/12/2018 10:09:10 PM PST by nickcarraway

Chipotle is promising to pay top executives up to $1 million if they don’t ditch the chain before it finds a new CEO

Chipotle is paying more than $1.6 million to make sure executives don’t jump ship before the struggling burrito chain finds a new CEO.

On Friday, Chipotle reported in an SEC filing that it had entered into retention agreements with certain executives to convince them to stay at the chain as it searches for a replacement for founder Steve Ells.

As part of the agreement, Chipotle will pay CFO Jack Hartung $1 million if he stays at Chipotle for one year following the appointment of a new CEO.

(Excerpt) Read more at businessinsider.com


TOPICS: Business/Economy; Food
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I might eat one of their burritos for $1 mln.

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