Every year, do you stress about whether or not you’re going to get a pay raise? This was also the case for Carlos Tavares, boss of the Stellantis group. Except that here, we are not talking about your 15 euros gross monthly extra, but an increase of more than 50% all the same to bring the total to 36.5 million euros annually. Good news for him, it passed the General Assembly with 70% of the votes this Tuesday.
With this new testosterone-driven salary, where is Carlos Tavares in the French rankings? We’ll give you the count.
Carlos Tavares is way above:
My salary
And yes, my “poor” 33,500 euros gross per year are clearly not up to the task. We don’t complain too much, life is rather pleasant, it’s above the French average, but when faced with Carlos Tavares, you have to know how to bow down.
You (probably)
Or maybe you’re one hell of a lucky guy.
The average of CAC40 bosses
” Only “ 6.7 million per year for CAC40 bosses on average, according to the latest Proxinvest report for 2023 (which will be the basis of all the figures that we will cite below). Suffice to say that Carlos Tavares has opened up quite a gap. Let the other CEOs take comfort, 6.7 million, that still represents 299 minimum wage (we will debate capitalism later).
Carlos Tavares is a little above:
Daniel Julien, CEO of Teleperformance
With 19.7 million euros in 2022, the boss of the world leader in call centers, former French number 2, will see Carlos Tavares greatly surpass him if the increase is indeed implemented. The only consolation prize, Daniel Julien is known for being extremely consistent and stable. Unlike its competitors in the French top 5, its emoluments change very little from year to year.
Philippe Guillemot, CEO of Vallourec
This name may not mean anything to you, but this steel tube manufacturer has hit 15 million euros in 2022, pretty good. And since we’re talking about 15 million…
The median of American bosses
A quick trip across the Atlantic to see that our Carlos Tavares beats most American bosses, since the latter earn a median (50% earn more, 50% earn less) 15 million.
François-Henri Pinault, CEO of Kering
If Bernard Arnaut is, by quite a distance, the richest Frenchman, he is not even the biggest blue-white-red earner in luxury. LVMH’s long-time rival, Kering, pays its boss better directly, since François-Henri Pinault receives 13.7 million per year.
Carlos Tavares is at the level of:
Bernard Charlès, CEO of Dassault Systèmes
As strong as the progress of Carlos Tavares is, the latter is only reaching the level of Bernard Charlès, who received 33 million euros last year, making him number 1. And again, it was a sub -performance on his part, since he was at 44.1 million euros in 2021. Another Carlos Tavares effort.
Dave Calhoun, CEO of Boeing
What is this guy doing here when the article is based on France? Well, dear Dave Calhoun, and his 33 million dollars a year, served as a pretext and justification for Stellantis, who argued that it was to this kind of international monster that Carlos Tavares should be compared. And poof, you get a “standard” salary and no longer monstrous. Not sure of the argument, but hey, we’ll give it the benefit of the doubt.