Tesla rival Rivian gives CEO RJ Scaringe a Musk-like pay package worth up to $4.6B

Source: New York Post

EV maker Rivian on Friday said it was giving its CEO a pay plan worth as much as $4. 6 billion over the next decade, a deal similar to Tesla’s record package for CEO Elon Musk, and linked to new profit targets and reduced share price milestones. The move by the Rivian board shows that the Tesla plan for Musk could become a model for companies aiming to grow fast.