Quote:
Originally Posted by Sedoy
Looks like he is trying to get Peter Rawlinson (Lucid Motors CEO) the highest-paid auto industry CEO for the second year in a row despite all the financial problem Lucid is currently facing... if so, make perfect sense.
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It much worse that that:
Lucid Motors’ CEO compensation survey conducted by Automotive News and Equilar revealed that Rawlinson’s package included a $575,000 base salary, $5.5 million in stock options, and a staggering $373 million in stock awards. However, contrary to Musk’s criticism, Rawlinson’s enormous payout was based on achieving market-cap targets set by the company. Securities and Exchange Commission (SEC) filings confirm that Lucid’s market-cap targets were met early last year.
In 2022, Rawlinson’s total pay was a staggering 11 times greater than the $34 million earned by the second-highest-paid automotive CEO, General Motors’ Mary Barra, and 21 times greater than Ford CEO Jim Farley’s $18.3 million earnings.
Interestingly, CEOs at rival EV startups do not come close to matching Rawlinson’s compensation either. Despite the fact that Rivian Automotive, a Lucid competitor, is valued at over $22 billion compared to Lucid Motors’ roughly $14 billion, its CEO Robert Scaringe earned just around $1 million in 2022.
https://www.eecology.com/elon-musk-c...rformance.html
You may call it reasonable compensation but I call it GREEN GRIFT.
To bad I'm too late to short the stock on this turkey.