Lucid Motors CEO Was Awarded $260 Million Right Before Shares Plunged By 67% | Carscoops carscoops
value rises to more than $70.5 billion and remains there for six months. If he stays at the company for the next four years, he stands to gain even more.
The reason that Rawlinson hasn’t yet received all of the shares he stands to is, in part, because the company announced in February that it. Rawlinson said at the time that the company would build around 13,000 vehicles this year, instead of the 20,000 units it originally intended to and share prices have fallen as much as 67 percent since hitting their peak.
The CEO’s pay is surprising given the size of the company. When investors claimed that Stellantis’ CEO, French union officials called the figure, also made up of stock options, “indecent and revolting.” Analysts say that the figure points to a wider trend in which American companies offer CEOs large grants of stock that are tied to ambitious share-price targets. The challenge for boards now is to find a way to balance incentives for both short and long-term success.
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