Jean-Christophe Féraud’s post
Article reserved for subscribers
This Tuesday, the general meeting of the automobile group will have to decide on the insane salary granted to the general director of Stellantis. Three consulting firms recommend that shareholders vote against, but despite the controversy, Carlos Tavares will have his millions like every year.
To not miss any post from Jean-Christophe Féraud, subscribe to the newsletters from our columnists
Carlos Tavares has a very high estimation of his value as a boss: year after year, he makes his employer grow it with an eight-figure salary. And every year it’s the same sketch that replays around the stratospheric remuneration of the general director of the car manufacturer Stellantis. Act I: revelation of the emoluments for the past financial year, this time we are talking about 36.5 million euros for 2023, after the 23.5 million for 2022 and the 66 million (!) for 2021. Act II: stupor and tremors, then controversy of varying intensity depending on the social climate around the “indecent” salary of the star boss. Act III: vote of Stellantis shareholders against Tavares’ mega salary on the theme “Carlos even exaggerates, it is not good for the image of the group”. But when the curtain falls, the person concerned always pockets the jackpot, the opinion of the supposed “shareholder democracy”