Faraday Future Intelligent Electric ( (FFIE) ) just unveiled an update.
Faraday Future Intelligent Electric Inc. has redefined the compensation terms for key executives, reflecting confidence in its leadership amidst cost-cutting measures. The Board has approved significant salary increases and bonuses for Mr. Matthias Aydt, the new Global CEO, and Mr. Yueting Jia, the Chief Product and User Ecosystem Officer. Both executives have committed to investing a substantial portion of their salaries in the company’s stock, aligning their interests with those of shareholders. Additionally, they stand to receive substantial stock-based incentives, provided they continue to serve the company and meet performance targets. This move signals the Board’s intention to incentivize and retain its top talent while navigating financial challenges.
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