Viral Sensation: EX-CEO Jagdeep Singh Not World's Highest-Paid Executive, Says ETNow.in

In a shocking discovery, our investigation by ETNow.in has revealed that claims making ex-CEO of QuantumScape, Jagdeep Singh, the world's highest-paid executive with Rs 48 crore daily earnings are utterly false.

Recently, reports claiming that Singh is earning this astronomical amount went viral and became a top trending topic on Google. However, a thorough analysis of exchange filings, official releases, and company statements has led our team to conclude that there is no factual basis for these outlandish claims.

QuantumScape, a San Jose-based firm specializing in solid-state lithium-metal battery technology, had announced Singh's departure as CEO almost a year ago. When the news broke, the company filed an 8-K legal document with the US government stating that Singh would no longer receive any compensation. Furthermore, he waived his compensation for his board work and seened their stock options under the EXTRAORDINARY PERFORMANCE AWARD PROGRAM TEREATING.

In addition, QuantumScape recently revealed that Dr. Siva Sivaram has taken over as CEO to lead the company's growth phase, while Singh will continue serving as Chairman of the Board of Directors. In a statement, Singh expressed his enthusiasm for the company's mission and success but did not mention anything about being the highest-paid executive.

This news sheds light on how easily misinformation can spread, especially in today's digital age. It serves as a reminder to verified sources and fact-checking before jumping to conclusions.

QuantumScape's remarkable strides in solid-state lithium-metal battery technology have drawn numerous attention, but it is imperative that these are not shrouded by baseless claims of exaggerated earnings.