Shareholders approved Carlos Tavares' €36.5 million compensation amid Stellantis' transition to EVs and job cuts.
Stellantis shareholders approved the €36.5 million ($38.8 million) compensation package for CEO Carlos Tavares, despite the company pursuing significant job cuts and cost-saving measures in the transition to electric vehicles. Tavares' pay rose 56% compared to the previous year and has drawn criticism as the company lays off workers. Tavares defended his remuneration, stating that 90% of his salary is determined by the company's results.
April 16, 2024
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