"Scaringe received $373.5 million in option awards, more than $26.6 million in stock awards, and about $1.12 million in salary, according to the Rivian proxy."
"Rivian's stock prices are horrible by any measure. It is down year to date by 15%, about flat with the S&P 500 over the last year, and down 87% over the last five years."
"Rivian had a net loss of $800 million compared to $743 million in the same period a year ago. Even worse, during the course of the year, Rivian lost $3.6 billion, compared to $4.7 billion in 2024."
"Scaringe's pay was 4,458.1 times the median pay of Rivian workers. These workers should at least be puzzled."
RJ Scaringe received a total compensation of $403 million, including $373.5 million in option awards and $26.6 million in stock awards. His pay is 4,458.1 times the median Rivian worker's salary. Rivian's stock is down 15% year-to-date and 87% over five years. The company reported a net loss of $3.6 billion last year, despite a revenue increase from $1.3 billion to $1.7 billion. Rivian has made uncertain deals with Uber and VW, raising concerns about future performance.
Read at 24/7 Wall St.
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