Jagdeep Singh Is Not the World’s Highest Paid Employee – Clarification from QuantumScape
Image: Jagdeep Singh's LinkedIn Profile
Many media reports have recently claimed that Jagdeep Singh, former CEO of QuantumScape, is the world’s highest-paid employee. However, this information has been clarified as inaccurate by QuantumScape with verified documentation.
The Facts: No Compensation or Stock Options
QuantumScape has confirmed that Jagdeep Singh stepped down as CEO almost a year ago and no longer receives any compensation from the company. Specifically:
- He no longer receives any salary or board compensation.
- His stock options under the Extraordinary Performance Award Program were terminated upon his departure.
These facts are supported by an official 8-K filing with the U.S. Securities and Exchange Commission (SEC), which can be accessed here.
Jagdeep Singh’s Professional Journey
According to his LinkedIn profile, Jagdeep Singh served as the Founder and CEO of QuantumScape from 2010 to 2024, leading the company for 14 years in San Jose, CA. He played a pivotal role in transforming QuantumScape into a leader in solid-state battery technology.
Since stepping down from QuantumScape, Singh is now the CEO of a Stealth Startup as of January 2024.
Verified Information Matters
QuantumScape’s clarification ensures transparency regarding Singh’s professional status and compensation. As a leader in the clean energy sector, the company’s focus remains on technological innovation and solid-state battery development rather than executive compensation controversies.
We encourage responsible reporting based on verified facts and will continue to prioritize accuracy in delivering news to our readers.
