Starbucks CEO paid $17.2 million in fiscal 2013

Jan. 25--Starbucks said Friday that Chief Executive Howard Schultz made $17.2 million during the company's 2013 fiscal year, which ended last September.

The coffee titan made about 40 percent less than during the previous fiscal year, in which a retention grant boosted his pay to $28.9 million and made him the second most highly-paid CEO in the Northwest, after Nike'sMark Parker.

Schultz's compensation comes in the wake of Starbucks' strongest financial performance ever, which included a 12 percent boost in revenue to a record $14.9 billion.

The results were marred only by the $2.8?billion Starbucks had to pay Kraft to settle a distribution dispute.

Schultz's compensation was split between $1.5 million in salary, a $2.25 million bonus, and about $13.3 million in stock and options. Other compensation, including insurance premiums, retirement-plan contributions and security amounted to nearly $216,000.

Chief Financial Officer Troy Alstead earned $3 million, down from $4.13 million in fiscal 2012. John Culver, the company's group president for China and Asia Pacific, Channel Development and Emerging Brands, made $3.8 million, up from $2.8 million in the previous period.

Clifford Burrows, who heads Starbucks'Americas, Europe, the Middle East and Africa, and Teavana units was paid $3.5 million, down from $4.2 million in fiscal 2012.