CEO of an electric-vehicle startup lucid Group Inc. and rivian Automotive Inc. Each received salary packages worth more than $400 million last year, as both companies raced into the public markets and ramped up production in the growing EV market.
Equity accounted for the bulk of the approximately $566 million in Lucid CEO compensation. Peter Rawlinson and $422 million for the Rivian chief rj scaringe, Reported salaries are a massive increase from 2020 and, in part, reflect the companies’ ambitions for growth. What executives ultimately get will rise or fall with the companies’ stock prices, and some equity rewards may be worthless if the goal is not met or they go away.