July 9, 2024 — Henrik Fisker and his wife, Fisker co-founder Geeta Gupta-Fisker, are lowering their salaries to $1 in order to keep their failed EV startup’s bankruptcy proceedings funded. In addition to the salary reductions, Fisker’s restructuring officer, John DiDonato, said in Tuesday’s filing that Fisker will defer “certain severance payments, certain employee healthcare benefits, and vehicle sale incentive bonuses” that have not yet been paid.
Henrik Fisker, Geeta Gupta-Fisker drop salaries to $1
From the Storyline: The fall of EV startup Fisker
Henrik Fisker once envisioned a burgeoning EV empire at the startup he named after himself, which was to be led…