A short-lived surge in Lucid Group Inc.’s share price last year allowed Chief Executive Officer
Shares of the electric carmarker, founded in 2007, have since plunged by two-thirds as it wrestles with supply chain issues while attempting to scale up production.
Peter Rawlinson
Photographer: David Paul Morris/Bloomberg
The early payout to Rawlinson, a former top designer of Tesla Inc.’s Model S, illustrates a challenge that many corporate boards face in an era of volatile stock prices: How to incentivize executives to deliver long-term gains while not rewarding them for unsustained spurts in market value. ...