Stellantis CEO Carlos Tavares Comes Under Fire For 2021 Pay Which Unions Call 'Indecent And Revolting' | Carscoops carscoops
spokesperson called Phitrust’s €66 million estimate “false,” arguing that there are many hypothetical, long-term elements to the CEO’s payment. They did, however, confirm the €19 million figure and the shareholder stated that they calculated the larger figure using the methodology of the French Autorite des Marche Financiers.
The release has garnered reactions from union representatives. Jean-Pierre Mercier, a representative for the CGT union, called the remunerations package “indecent and revolting.” Other union representatives in Europe have called on politicians to take urgent measures to cap executive salaries., which has a 6.15 percent stake in Stallantis, told the press that the figures were not “normal” and said they showed there was a need for more regulation at the European level.
The events take place shortly before a runoff election in a hotly contested race for the French presidency.