Riot Platforms faces criticism from shareholders regarding its CEO's record compensation, raising questions about the fairness of executive pay.
Issues with Executive Compensation at Riot Platforms
Riot Platforms is under scrutiny after shareholders expressed dissatisfaction with the record $79.3 million equity award granted to CEO Fred Thiel, nearly doubling the compensation of Marathon Digital's CEO.
Growing Concerns Among Shareholders
Shareholders are raising concerns about potential dilution of their investments, with the company allocating $230 million towards compensation, accounting for 73% of the market cap increase in 2024.
Changes in Compensation Practices
As market volatility looms, shareholders are pushing for compensation structures that align better with performance. The increasing use of performance stock units is becoming more relevant among public miners.
The controversy surrounding record-level executive pay highlights critical questions regarding shareholder policies and compensation practices within the crypto industry.
