Faraday Future gives CEO and founder raises and bonuses after delivering 13 cars
Faraday Future(FFIE) TechCrunch·2024-09-13 02:35
Faraday Future is doling out big raises and bonuses to its CEO as well its founder, despite having delivered just 13 cars in its 10-year history, and recently laying off or furloughing the majority of its workforce.The company announced in a regulatory filing Wednesday that CEO Matthias Aydt’s salary is getting bumped from $400,000 up to $700,000. He will also receive a “one-time recognition bonus” of $500,000, an “annual discretionary target bonus” of $700,000, and two annual stock grants worth more than $ ...