Carlos Tavares’ compensation for Stellantis’ 2023 financial year was at the heart of the controversy in recent days. It was finally approved by shareholders on Tuesday.
36.5 million euros. No, this is not the next jackpot in the Euromillions draw, but rather the XXL salary that the CEO of Stellantis, the world’s fourth largest automobile group, should receive for the 2023 financial year. An amount that has been causing tension for several days, but which was still approved this Tuesday, April 16, by the shareholders meeting at a general meeting in Amsterdam (Netherlands). In detail, 70.2% of shareholders, compared to 80% last year, validated this monstrous remuneration, up 56% compared to 2022, reports franceinfo.
In 2022, the incredible salary of Carlos Tavares had already caused a lot of ink to flow. President Emmanuel Macron himself described the amount of his remuneration as “astronomical”, “shocking and excessive”. At the microphone of France Bleu Lorraine Nord this Monday, Carlos Tavares, then visiting the Trémery factory, in Moselle, fully assumed his salary, considering that it has “a contractual dimension between the company and [him] , as for a football player and a Formula 1 driver”.
The CEO of Stellantis went on to justify the fact that “90% of [his] salary is made by the company’s results” and that “so this proves that the company’s results are apparently not too bad” . As for his detractors, Carlos Tavares did not let himself be dismantled. “If you think this is not acceptable, make a law and change the law and I will respect it,” he said. A remark taken very seriously by the socialist deputy Boris Vallaud who announced that he was going to once again propose a law aimed at limiting pay gaps in the same company in X.