Rivian just doubled its CEO's salary and gave him a $4.6B pay package
1. Rivian's CEO Scaringe received a new pay package worth up to $4.6B. 2. Scaringe's salary increased from $1M to $2M amidst performance incentives. 3. Rivian's stock options are linked to achieving a stock price of $40. 4. The R2 SUV launch aims to broaden Rivian's customer base. 5. Rivian reported a 78% revenue increase but a $1.1B net loss.