the salary of Carlos Tavares creates controversy

Carlos Tavares is about to receive 19 million euros. The CEO of Stellantis becomes the highest paid boss in France against the advice of his own shareholders. In front of a factory of the group in Rennes (Ille-et-Vilaine) Thursday, April 14, the unions are bitter. “For employees, this is a record year in lost wages due to unemployment, so there is something wrong“, declares Mickaël Gallais, CGT Stellantis delegate. The eight-figure salary of the CEO agitates the political class.

For the Minister of the Economy, Bruno Le Maire, this type of salary can no longer last. “It must lead us to reflect on this question of the salaries of managers in relation to company employees, but it must be done at European level, otherwise you will lose all the good bosses”, he said. Marine Le Pen finds this salary shocking, even if she believes that it is justified by the company’s good results: 13 billion euros in profits in 2021. Carlos Tavares’ remuneration could reach 66 million euros at the end of the year if he manages to meet the company’s objectives.