RJ Scaringe gets new pay package worth up to $4.6 billion

[kurtlikevonnegut]

Lots of folks far too concerned with how much money other people have.

As a shareholder, compensation tied to share price is a good thing. RJ doesn't seem to be motivated significantly by money, but it certainly doesn't hurt to give him an extra push. It also is better than paying him a large salary in cash. Everyone is looking at the top line number of $4.6 billion and nobody mentions that it's likely to be much, much less.

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[Marchin_MTB]

No issue with anyone getting paid more if they are performing very well. What I question is the assumption that any CEO, who is presumably doing the best they can, is going to perform x10 to x100 better because their compensation package has increased by one or two orders of magnitude.

 

[mkg3]

Met him, he's cool people but you are correct he could kill puppies in the weekend we don't really know

Meet too. I met him him at the Laguna Beach Spaces at the pre opening event.

I don't know about killing puppies but he too is a human and not a saint so I don't expect him to be without personal desires, biases and motivations.

 

[Golfer04]

No issue with anyone getting paid more if they are performing very well. What I question is the assumption that any CEO, who is presumably doing the best they can, is going to perform x10 to x100 better because their compensation package has increased by one or two orders of magnitude.

This is what I think too. RJ seems like a decent guy, but don't get fooled. All these people (Musk, Barra, Farley, etc) are ego maniacs. I didn't buy stock at the IPO because the power was completely controlled by him. The only one who could fire him was ..........him.

 

[DuoRivians]

I think your numbers are way off. With 50k R2 and R1s hitting 75%of the 2025 deliveries they should be marginally profitable on A GAAP basis in 2026.

How much does Rivian lose every quarter? Look that up and reverse out the calc. Rivian is aiming for 20% gross profit per car (not operating profit)

 

[Riviot]

Met him, he's cool people but you are correct he could kill puppies in the weekend we don't really know

@COdogman please investigate.

 

[COdogman]

@COdogman please investigate.

I hacked RJs home security cameras this morning and captured this:

 

[TerryInHouston]

Please keep your politics off the forum, that's how these threads get shut down. Keep the comments to gifs and hating on Cybertrucks



My apology - it was not intended political - but socio economics ..... why else would anyone object to someone making money ? It's always socio economics...

 

[Donald Stanfield]

- I am a Free Economist - I don't believe CEOs should have to give up their pay for SNAP benefits and Obama Snare ...

If bright minds or great ideas can't make money - they won't do it - then we are Venezuela and Afghanistan.....

As to RIVN - I pitty the fools buying the stock

I have only one question. What benefit is it to you to make any money over 100MM. What can you do with 1 billion that you couldn’t do with 100MM? Nothing of any practical significance.

Like it or not these “great minds” live in a society and rely on others to be in the position to make money at all. RJ and Elon need the janitor sweeping the floor and the person making the cars to create what they do. When those people cannot afford a basic standard of living there is no justification for someone to have the level of wealth of a decent sized country.

 

[kurtlikevonnegut]

Actual target value at IPO ($78/share) was $766.5B. What people paid each other on the market... Another story.

https://markets.businessinsider.com...zon-ev-startup-66-billion-trading-debut-tesla

You added a digit, but point remains. The big bonuses for RJ kick in after he gets the stock price well above IPO levels.

If you bought the stock post IPO above $80 a share, that's on you. I don't even have a modicum of sympathy for anyone who took a bath after buying RIVN 24 hours post IPO at $100+, that's just a terrible investment decision.

 

[DuoRivian]

Rivian needs to sell a minimum of 400K vehicles at average price of $50K, along with really optimistic software revenue, to have a chance of operating profitability.

There’s no way this has a chance until GA plant is complete.

You used to be so positive about Rivian and the brand.

 

[Donald Stanfield]

Lots of folks far too concerned with how much money other people have.

As a shareholder, compensation tied to share price is a good thing. RJ doesn't seem to be motivated significantly by money, but it certainly doesn't hurt to give him an extra push. It also is better than paying him a large salary in cash. Everyone is looking at the top line number of $4.6 billion and nobody mentions that it's likely to be much, much less.

Id argue that as a society we aren’t concerned ENOUGH with what other people make. Above a certain point money cannot help anyone do anything besides exert undue influence. We all live in the same society and the fact of the matter is extreme wealth hoarding makes life worse for the majority without providing any real benefit. There’s simply no reason to allow it.

None of these people could create this wealth on their own, it’s done using the existence of society. For that fact alone we as a society should set the rules for what we accept better than what we do.

 

[DuoRivians]

You used to be so positive about Rivian and the brand.

I am generally positive about the brand, but I don’t see a real future for Rivian anymore. What changed was the macro environment for EVs in the U.S.

And globally, China is going to eat the EV market, while the EU is increasingly becoming protectionist about their auto sector. So, it’s hard to see an exponential future for Rivian anymore.

RJ’s pay package just rubs me the wrong way, in light of the above. Just seems like he’s trying to grab a greater share of a shrinking pie because he can.

 

[kurtlikevonnegut]

Id argue that as a society we aren’t concerned ENOUGH with what other people make. Above a certain point money cannot help anyone do anything besides exert undue influence. We all live in the same society and the fact of the matter is extreme wealth hoarding makes life worse for the majority without providing any real benefit. There’s simply no reason to allow it.

None of these people could create this wealth on their own, it’s done using the existence of society. For that fact alone we as a society should set the rules for what we accept better than what we do.

I've personally found that worrying less about what other people have leads to more happiness but you do you.

You can argue the merits of compensation based on previous performance or future impact, but arguing that it's just too much money for anyone to have is simply disconnected from reality.

Imagine if I said "nobody should be more than 6' tall, it's unfair to short people and it would make life better for everyone else if everyone was closer in height" and then started amputating the legs of people over 6' tall or binding the legs of children to restrict growth.

 

[Riviot]

You added a digit, but point remains. The big bonuses for RJ kick in after he gets the stock price well above IPO levels.

Thank you, I corrected. I mathed $70B then found the article stating $66.5B, missed a backspace.

Rivian needs to sell a minimum of 400K vehicles at average price of $50K, along with really optimistic software revenue, to have a chance of operating profitability.

There’s no way this has a chance until GA plant is complete.

You used to be so positive about Rivian and the brand.

Now I'm really confused. There are 2 of you?! Or are you just 1 person arguing with yourself?

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