
Rivian CEO RJ Scaringe Lands $4.6 B Pay Deal With Profit Targets
Rivian just approved a new pay package for CEO RJ Scaringe that could be worth up to $4.6 billion over the next decade, and while it draws clear inspiration from Tesla’s famous Elon Musk deal, there are some big differences. As Reuters reports, Scaringe’s new plan ties his payout not just to Rivian’s stock price but also to operating income and cash flow targets, adding a profitability focus that Musk’s package didn’t have. Scaringe will get options to buy up to 36.5 million shares at $15.22 each, but…




