“It’s shocking and excessive” : this is how Emmanuel Macron reacted, during the presidential campaign, to the salary of Carlos Tavares. The CEO of the Stellantis automotive group received 19 million euros in 2021. “This is the result of a decision by my company’s board of directors. I am an employee like any other”said Carlos Tavares, questioned on franceinfo on this subject. “It is the translation of the fact that the results of the company are good, even very good, since 90% of my remuneration is variable. First of all, we must be happy about this, for the sustainability of the company, the taxes we pay and the business we generate”he pointed out.
Remuneration of 19 million euros ➡️ “It is first of all the translation of the fact that the results are good. This results from a decision of the Board of Directors”, according to Carlos Tavares, who considers himself “an employee like a other”. “It’s a subject specific to France” pic.twitter.com/iJx8vnWDvE
— franceinfo (@franceinfo) October 18, 2022
“It is a subject specific to France”added the CEO. The question you are asking me here is never asked of me elsewhere.” It must be said that, in the street, it is time for interprofessional mobilization for a general increase in wages, while the purchasing power of households is eaten away by inflation.
Within the Stellantis group, wages were increased by 3.2% at the start of the year. “Lall of what was paid in 2022 [avec les primes] represents a little more than 7%” increase, underlined Carlos Tavares, estimating “normal that there is a sharing of wealth”.
Should we raise salaries again at Stellantis? ➡️ “The baker does not sort between the euro that comes from the bonus and the euro that comes from the base salary”, for Carlos Tavares. “We will be there next year to produce results.” pic.twitter.com/aEeJhDlsBe
— franceinfo (@franceinfo) October 18, 2022
A strike call has however been filed by the unions at Stellantis, calling on the company’s management not to confuse bonuses and salary increases. “The baker does not sort between the euro which comes from the bonus and the euro which comes from the basic salary”replied the boss of the group.