Supersize CEO Pay Packages Aren’t Paying Off for Shareholders

Promising CEOs the moon hasn’t been a great way to get out-of-this-world results.

Dozens of companies—including KKR, Rivian Automotive, Roblox and Robinhood Markets—hammered out $100-million-plus “moonshot” pay packages with their chiefs in the years after Tesla awarded billions of dollars in stock options to Elon Musk in 2018. The potential for huge payoffs was meant to spur outsize returns.