Chipotle Execs Hit with Huge Pay Cuts After E. Coli, Norovirus Outbreaks

While Chipotlecontinues to strugglein the wake of its disastrousE. coli outbreaksand other food - borne illness scares , it reckon like the burrito company ’s top two executive are in the end paying the price for its food base hit failures –nearly half of their total recompense computer software , that is .

Specifically , Chipotle scrub its 2015 hard cash bonuses for co - CEOs , Steve Ells and Monty Moran , due to the slew of highly publicized nutrient safety issues that pit away customers and institutionalize Chipotle ’s stock into a downward coil , allot to areportby theChicago Tribune . In 2014 , both executives received $ 3 million or more in bonuses and more than $ 23 million in stock options as part of their recompense packages , but they received neither the bonuses nor the stock in 2015 . In fact , as CNN Moneyreports , Chipotle foreshorten their entire recompense by close to half : Ells make for in $ 13.8 million ( down from $ 28.9 million in 2014 ) and Moran brought in $ 13.6 million ( down from 28.1 million ) . Well , damn .

“ We believe ( the new structure ) aligns executive officer compensation with restore stockholder note value , and motivates the management squad to further enhance value to our possessor , ” the company ’s recompense committee say in a filing with federal trade regulators . In other word of honor , the co - chief operating officer can anticipate more cut of meat if they do n’t reverse things around this class .

Laura Murray/Thrillist

Just last Tuesday , Chipotlewas wedge to close its Billerica , MA , restaurantdue to a Noroviurs panic , although it appears all-inclusive new nutrient safety measuresprevented any customers from becoming unbalanced . Despite that fact , the incident pink several dollar off Chipotle ’s fund price last workweek , and pushed it even further away from its all - metre high school of $ 758 a ploughshare last August , or before the far-flung food - carry illness outbreaks , agree to the report . to boot , the moves add up after Chipotlereported huge declinesin earnings during the last quarter of 2015 .

It remains to be seen how Chipotle rebounds from the eruption , but it ’ll plausibly take a tidy sum more than justfree burritos .