Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)

<Previous Article In Volume
Next Article In Volume>

How COVID19 Affected the Compensation Plan of Tesla, Lyft, and DoorDash and Incentivized Different Industries

Authors
Yingke Chen1, †, Ziming Long2, *, †, Shitao Sun3
1Morrissey College of Art and Science, Boston College, Chestnut Hill, 02467, United States
2College of Letters and Science, University of California, Davis, Davis, 95616, United States
3College of Art and Science, Ohio State University, Columbus,43210. United States
†

These authors contributed equally.

*Corresponding Author Email: zmlong@ucdavis.edu
Corresponding Author
Ziming Long
Available Online 29 April 2022.
DOI
10.2991/aebmr.k.220405.017How to use a DOI?
Keywords
COVID-19; Car Industry; Director Compensation; Incentives; United States
Abstract

The balance of a wage decrease as a result of world economic regression and incentives to promote worker’s productivity has become a major problem most companies are faced with, especially during the epidemic seeping through 2020. This essay starts with analyzing the compensation plan of three companies in different industries, including Tesla representing the green energy car industry, Lyft representing online taxi service, and DoorDash representing takeaway company, to study the different ways of encouraging employees and directors in different industries. Among all three companies, a noticeable shift of compensation component from cash retainer to stock or option awards represents one of the incentives Tesla, Lyft, and DoorDash are implementing. However, the unstable or lower on average compensation may lead to other negative consequences such as cooperate conflicts or competitions.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 April 2022
ISBN
10.2991/aebmr.k.220405.017
ISSN
2352-5428
DOI
10.2991/aebmr.k.220405.017How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

risenwbib
TY  - CONF
AU  - Yingke Chen
AU  - Ziming Long
AU  - Shitao Sun
PY  - 2022
DA  - 2022/04/29
TI  - How COVID19 Affected the Compensation Plan of Tesla, Lyft, and DoorDash and Incentivized Different Industries
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 85
EP  - 91
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.017
DO  - 10.2991/aebmr.k.220405.017
ID  - Chen2022
ER  -