Millions of jaded employees and executives are enjoying the northern hemisphere’s traditional summer break, flocking to beaches and beauty spots. But for incoming Starbucks chief executive Brian Niccol, a visit to the seaside may be within reach year-round.

Niccol’s appointment, announced last week, came with an unusual perk. Instead of moving to the coffee business’ Seattle headquarters, the new boss has persuaded the company to set up a “small remote office” in Newport Beach, California.

Financial Times