In a battle of the overpaid CEOs, Elon Musk recently made fun of Lucid Group (NASDAQ:LCID) CEO Peter Rawlinson for hauling in $379 million in 2022. Most of that was from options and stock awards vested during the year. As the Automotive News points out, you won’t be able to detect the superb pay from Lucid’s 2022 proxy. The Summary Compensation Table only shows $596,430 in total compensation. However, page 58 of the proxy reveals that the CEO earned $5.5 million from options exercised and $372.9
At this year’s Monterey Car Week, electric vehicle maker Lucid was quietly creating some buzz with its EVs, recent price changes, and upcoming SUV.
Rivian reports second quarter results that top estimates and forecasts a narrower loss for the year.