Home » General World News » Chipotle is promising to pay top executives up to $1 million if they don’t ditch the chain before it finds a new CEO (CMG)

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





Chipotle Burrito

  • Chipotle is promising executives major bonuses if they don’t quit while the company looks for a new CEO.
  • Chipotle’s CFO is set to make $1 million if he stays at Chipotle for one year after the chain replaces founder Steve Ells with a new CEO.
  • The company’s CMO, who was previously placed on a three-month leave after being arrested on charges of cocaine possession, will receive a $600,000 bonus.

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.

<img src="http://static3.businessinsider.com/image/5a2197603dbef430008b97ef-851/ap16264732065002.jpg" alt="Chipotle Steve Ells" data-mce-source="AP read more >>>

Source:: BusinessInsider.Com

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