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Opinion
Chris Bryant

A $2.3 Billion CEO Bonus Isn't The Worst. Hear Me Out

The size of QuantumScape’s pay plan is hard to justify. But the structure isn’t without merit.

All-electric.

All-electric.

Source: Bloomberg

Volkswagen AG Chief Executive Officer Herbert Diess has one of the hardest jobs in the global auto industry. He oversees more than 600,000 employees, 10 brands and 120 factories — not to mention VW’s office politics are frequently frightful. In return for dealing with all this, he earns around 10.5 million euros ($11.9 million).

Is that a lot? I thought so, until I learned that Jagdeep Singhthe boss of California’s electric vehicle battery startup QuantumScape Corp., will get stock options potentially worth $2.3 billion if he meets various operational and stock price targets in the next 10 years.