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few political reactions to the estimated amount of Carlos Tavares’ compensation

The outraged union reactions to the estimated salary of the leader of Stellantis, Carlos Tavares, did not lead to any special reactions in the election campaign between Marine Le Pen and Emmanuel Macron, eleven days before the second round of the presidential elections. “It’s shocking, but less shocking than for others For once [Carlos Tavares] has achieved good results. limited herself to commenting on the candidate of the National Rally (RN), Wednesday, April 13, during a trip to Gennevilliers (Hauts-de-Seine), where she visited a construction company in the presence of the press.

Also read: Article reserved for our subscribers Carlos Tavares, CEO of Stellantis: his compensation estimated at 66 million euros is shocking

The director of the world’s fourth largest auto group, born of the merger in January 2021 of the Peugeot-Citroën-Opel (PSA) and Fiat-Chrysler (FCA) groups, should receive 19 million euros for the year 2021, according to Stellantis. In addition to a fixed salary of 2 million euros, the variable part makes up the largest part (89%) of his remuneration, with in particular 7.5 million linked to his performance in 2021, a 1.7 million bonus linked to the creation of Stellantis, to which added free share allocations based on 2026 targets, valued at EUR 5.6 million by Stellantis for the year 2021, but much more by a minority shareholder, the management company PhiTrust, for a total of EUR 66 million.

“No normal numbers”

“These are of course not normal figures”, also thought of government spokesman Gabriel Attal, during the report of the Council of Ministers. “It is a private company and in the end it is the shareholders who decide and vote,” he noted earlier in the morning, as a supporter of Emmanuel Macron, on the set of BFM-TV and RMC – in the case of Stellantis, 52.12% of shareholders spoke out against the report on compensation issued by the management of the group was presented, but this advice is only advisory under the law of the Netherlands, where the company is registered.

Mr Attal quickly evacuated the subject to the ambition of the candidate Macron of a . to emphasize “better value sharing in the company”, from two angles: better redistribution of profits, in certain cases in the form of participation, profit sharing or tax-free bonuses; and a conditioning of part of the remuneration of the managers of the “large companies that respect environmental, social and societal goals” – all of which are now included in the concept of corporate social responsibility. Emmanuel Macron had already mentioned this measure during the press conference that presented his program on March 17, describing the proposal as:“key element for changing practices and behaviour” – she’s been there ever since present in his program

Also read: Emmanuel Macron shrouds social and environmental measures to convince the left

In the report of the Council of Ministers, the government spokesperson also linked this question to that of necessity, according to him “coordinate and progress at European level”“We wanted to better regulate the minimum tax for large groups and got an agreement; we also need to regulate things better with regard to the leaders of large companies, multinationals”, estimated Gabriel Attal, before returning to the issue of the “sharing value” in company. “But here I am entering a topic that is pre-eminently the core of the campaign, did he cut so you will understand that i will stop there. †

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