Home Business The huge salary of Carlos Tavares, the best paid boss in France, rejected even by his shareholders!

The huge salary of Carlos Tavares, the best paid boss in France, rejected even by his shareholders!

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The general meeting of shareholders of Stellantis, the group born from the merger of PSA Peugeot-Citroën and Fiat-Chrysler, met on Wednesday April 13 with, on the agenda, the vote on the remuneration of the Chief Executive Officer , Carlos Tavares. Emoluments that have made such a leap forward that even they are moved! They voted against this resolution at 52%, including the French State, via the BpiFrance bank, which holds 6% of the capital. but that remains purely indicative: management can overrule it… and we won’t know until next year how much Tavares will have finally pocketed. In the meantime, this subject, between the two rounds of the presidential election, could become controversial.

Tavares, “the other Carlos” who takes his revenge

First question: what is the exact amount of Tavares’ remuneration? According to Stellantis, it will only be ” that “ 19.1 million euros in 2021, and not 66 million euros as claimed by the CFDT, the investment fund PhiTrust and the voting advisory company for shareholders Proxinvest. Whether the real amount is 19 million euros or 66 million euros, this salary is out of the ordinary anyway.

According to Proxinvest, the average remuneration of the leaders of German car manufacturers is rather around 7 million euros, and that of American manufacturers, around 18.4 million euros. Carlos Tavares therefore clearly imposes himself at the top of the range, while his group does not even appear

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