Rivian's CEO Pay Plan: Up to $4.6B for Scaringe
Update: 2025-11-08
Description
Rivians CEO, R.J. Scaringe, secures a potential four billion dollar pay package, mirroring Teslas CEO Elon Musks compensation. The plan ties Scaringes earnings to new profit goals and stock price milestones, aiming to keep him focused on growth and profitability. Rivians new R two SUV, set to compete with Teslas Model Y, underscores Scaringes crucial leadership. The company canceled Scaringes previous pay package due to unmet targets, replacing it with rigorous milestones that could yield a one hundred fifty-three billion dollar value for shareholders. Scaringes base salary is now two million dollars, and he received one million common units in Mind Robotics, a Rivian spinoff.
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