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Tesla chair thanks investors for approving Musk's $878 billion pay package
Nov 10 (Reuters) – Tesla (TSLA.O), opens new tab board chair Robyn Denholm thanked the electric-vehicle maker’s shareholders on Monday for approving CEO Elon Musk’s $878 billion pay package. The approval marks one of the largest compensation votes in corporate history and underscores investor willingness to bet on Musk’s leadership as Tesla pursues its next [...]
Rivian CEO pay package is worth over $4 billion
The electric pickup and SUV manufacturer Rivian (RIVN.O) said Friday that it would give CEO RJ Scaringe a compensation package worth up to $4.6 billion over the following ten years. Although it has new profit targets and lower share price milestones, the plan is similar to Tesla’s record-breaking deal for CEO Elon Musk. The Rivian board introduced the new strategy to motivate and retain its founder while aligning his priorities with the company’…
Rivian CEO to earn up to $4.6 billion under new performance-linked plan
On the Dash: RJ Scaringe’s 10-year pay plan includes options to buy 36.5 million shares at $15.22 each, tied to stock and profit milestones. Rivian has adjusted its performance goals from a previous plan deemed unachievable, shifting its focus toward sustainable profitability. If the company meets all targets, this package could be valued at $4.6 billion, potentially generating $153 billion in shareholder value. Rivian has approved a new decade…
Rivian is increasing the remuneration of its founder RJ Scaringe with a plan to Elon Musk: billions of potential equity gains provided that it achieves precise stock and financial goals. Rivian has not yet proven that the brand could become a strong competitor to Tesla.
(Dan Tri) - From Silicon Valley to Wall Street, corporations are racing to "tie down" CEOs with huge bonus packages.
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