Carlos Tavares compares and justifies himself. The CEO of Stellantis responded to criticism about his remuneration, considered too high by several consulting firms. “It is a contractual dimension between the company and me. As for a footballer and a Formula 1 driver, there is a contract,” he explained on Monday, April 15.
Carlos Tavares also highlighted Stellantis’ performance: “90% of my salary comes from the company’s results, which shows that the company’s results are apparently not that bad,” he said during a trip to the manufacturer’s factory in Trémery, nearby. Metz.
“Beyond the contractual dimension, there is the social dimension. If you think this is not acceptable, make a law and I will respect it,” he said again.
Up to 36.5 million euros
The group’s General Assembly will take place on Tuesday and it does not seem that it will be easy for the CEO of Stellantis. Three shareholder advisory companies considered that his remuneration, which could reach 36.5 million euros, was too high and recommended that shareholders vote against it.
There Compensation of Carlos Tavares It is almost seven times higher than the average salary of its European peers, estimates one of these companies, ISS. It is also “high” compared to its American competitors, Ford or General Motors, according to the consulting firm.
Source: BFM TV
