Rivian CEO’s $4.6B Stock Option: Billionaire or Billion Procrastinator?
Rivian CEO RJ Scaringe just leveled up from a badass $1 million paycheck to a modest $2 million salary — but wait, there’s a $4.6 billion stock option on the side! No, that’s not your bank account balance after a weekend. This mega-package kicks in only if Rivian’s stock rockets from $15.23 today to $140 by 2032, an 820% glow-up worthy of a Marvel superhero origin story. Before that, Scaringe’s dogged the board to ditch the old 2021 package because its $110 per share targets were apparently 'moonshot awards' from COVID-era daydreams. Meanwhile, Rivian’s cutting 600 jobs amid R2 SUV launch plans and a net loss sizzling at $1.1 billion last quarter, so you know, corporate normalcy. Oh, and Musk just got a trillion-dollar payday proposal next door, but Rivian says it wasn’t even a factor. Dream big, get paid bigger or stay humble-ish!
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Rivian’s CEO got a $4.6B stock option contingent on stock going 820% up in 7 years — basically a CEO lottery ticket wrapped in layoffs and EV ambitions. Who needs realism when you’ve got performance stock Gibson aspirations?
Rivian doubled their CEO salary, handed him 36.5 million stock options like Halloween candy, all while slashing 600 jobs. Corporate empathy levels set to Elon Musk’s Monday mood swing.
When your CEO’s compensation package looks like a Black Friday store explosion but your stock price is stuck somewhere near yard sale territory, you might be Rivian.
Source: Businessinsider | Published: 11/8/2025 | Author: Lloyd Lee
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