Nice. Bet big and get it wrong, and score anyway. WSJ:

Last year Ford announced $19.5 billion in write-offs as it retooled its EV strategy. Ford’s board in addition has changed how it calculates bonuses for Chief Executive Officer Jim Farley and other top executives, according to a recent proxy statement....

Ford last year ended up incurring about $15 billion in EV-related write-downs, while GM’s totaled $7.9 billion. These write-downs were disregarded for the purposes of determining executive compensation.

GM’s board said the “dynamic policy changes” under Trump were outside its executives’ control and “should not unduly penalize management’s multi-year efforts to advance our long-term EV strategy,” according to a recent proxy filing.

GM did keep EV-related goals, which weren’t met, in its annual bonus plan. It made an adjustment so executives wouldn’t benefit from reduced losses when the company stopped making as many EVs. The details of those goals weren’t disclosed in the proxy statement.