Friday, August 19, 2016

SolarCity Co-Founders To Take Pay Cut To $1 Per Year

IMAGE DISTRIBUTED FOR SOLARCITY - SolarCity Founder & CEO Lyndon Rive, Chairman Elon Musk, and SolarCity Founder & COO Peter Rive celebrate the company’s IPO by posing for a photo at the NASDAQ Stock Market on Thursday, Dec. 13, 2012 in New York. SolarCity is a leader of distributed clean energy and will trade under SCTY. (Mark Von Holden/AP Images for SolarCity)

Lyndon Rive and Peter Rive, co-founders of the leading US solar developer, SolarCity, will take an extreme pay cut ahead of planned job cuts to streamline the company’s business in the wake of lower than expected PV installation for 2016. As reported earlier this month, SolarCity posted a net loss of $250 million in the [&hellip

SolarCity Co-Founders To Take Pay Cut To $1 Per Year was originally published on CleanTechnica.

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