Lyft Inc. is shaking up its leadership, and it's also shaking up the way it pays its top executive.
The ride-hailing company tapped David Risher, a board member and early Amazon.com Inc. AMZN employee, to serve as its next chief executive Monday, and the board is giving him a pay package with an “unusual” structure that one expert says reflects how Lyft’s LYFT directors have likely “reined in their aspirations” for the company but also given him the chance for a massive payday if he can turn things around for investors in... Lyft Inc.
Vesting tranches that begin at $15 are “a sign of the times” for Lyft, showing that those who set Risher’s pay have “lowered expectations at this point over the long term,” relative to when they gave Green and Zimmer awards that would vest at $100, according to Silverman. Interview: New Lyft CEO says ‘I don’t think of this as just an Uber battle. It’s a battle against staying at home.’
“David’s compensation package is competitive in the current market and his equity grant is 100% performance based and tied to goals that are directly related to shareholder value creation,” a Lyft spokesperson told MarketWatch.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
‘What’s Old Is New Again,’ Says Ford CEO Unveiling New Donkey-Drawn Turnip CartDEARBORN, MI—In a shareholder presentation intended to demonstrate the next generation of automotive innovation, Ford CEO Jim Farley announced Wednesday that “all that is old is new again” as he unveiled a donkey-drawn turnip cart. “What is past is now future—behold, a rickety two-wheel turnip cart led by a team of…
Weiterlesen »
Incoming Lyft CEO David Risher says rideshare company will 'get back to the basics'The incoming CEO of Lyft on Wednesday said the rideshare company will 'get back to the basics' and focus on its customers. He appeared on 'The Claman Countdown.'
Weiterlesen »
New CEO of UK's Rolls-Royce brings in new CFO, makes leadership changesThe new boss of Rolls-Royce has sought to make his mark on the British engineering company, hiring Helen McCabe from his alma mater BP as chief financial officer and announcing two new divisional heads from within the company.
Weiterlesen »
Macy’s Jeff Gennette Sets Retirement Date; Tony Spring Moving UpJeff Gennette, the 61-year-old chairman and chief executive officer of Macy’s Inc. and a 40-year veteran of the company, will retire next year, triggering a string of top-level management changes.
Weiterlesen »
6 months and $8 billion dollars later, Dallas's Signify is CVS - CEO SpotlightKyle Armbrester, CEO, Signify Health joins KRLD's David Johnson on this episode of CEO Spotlight.
Weiterlesen »
New CEO of Starbucks plans monthly half-day shifts behind store countersAs longtime CEO Howard Schultz is grilled by senators over the company's approach to unionization votes, employees are eager to determine whether the new...
Weiterlesen »