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Stellantis CEO Carlos Tavares’ almost 60% jump in pay to $39m slammed by investors 2 years after previous compensation plan rejected

Posted on AllSides April 16th, 2024
From The Center

Stellantis NV Chief Executive Officer Carlos Tavares’ jump in 2023 remuneration is getting pushback as the Jeep maker pursues deep job cuts and tough savings goals in the EV transition. At Tuesday’s annual general meeting, advisory firms Glass Lewis, Proxinvest and Institutional Shareholder Services are urging investors to vote against approving the €36.5 million ($39 million) total compensation package. The pay plan, up almost 60% from 2022 levels, makes Tavares the most highly paid carmaking CEO among incumbent manufacturers. Tavares’ total compensation includes a new incentive award worth €10 million...

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