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 general manager of Stellantis, the world’s fourth largest automobile group, should receive for the 2023 financial year. An amount that has been causing tensions for several days, but which was nevertheless 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 the year 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 [lui]as for a football player and a Formula 1 driver”.
The CEO of Stellantis went on to justify the fact that “90% of [s]our salary is made by the results of the company” and that “so this proves that the results of the company are apparently not too bad”. As for his detractors, Carlos Tavares did not let himself be deterred. “If you consider that this is not acceptable, make a law and modify the law and I will respect it”, he said. A remark taken very seriously by the socialist deputy Boris Vallaud who made it known that he would once again propose a law aimed at limiting pay gaps within the same company on.
