It did pass and is tied to performance of the company. He doesn’t actually get a 55B bonus. His bonus is in the form of stock, its award is tiered based on revenue-tied performance, and he can’t sell the stock until 5 years after it’s awarded, as to prevent a pump-and-dump incentive structure.
Progressive taxes are not the same as ‘progressive’ in terms of social politics.
Progressive taxes are how our tax brackets work. The more you make, the more you pay. This is them saying private companies will use progressive taxation as their model for pricing goods.