Stellantis Investors Reject A Salary Proposal For Company CEO, Carlos Tavares!

[redriderbob]

Stellantis Investors Reject A Salary Proposal For Company CEO, Carlos Tavares!​

Minority Shareholder Phitrust Estimates Tavares' 2021 Compensation Could Have Been Close To €66 Million...​

A majority of Stellantis shareholders voted to reject a proposed €19 million ($20.6 million) salary package for the company’s Chief Executive Officer (CEO), Carlos Tavares, and the company’s remuneration report for its other managers. Over 52% of the investor body, voted against the remuneration on Wednesday at its first “Annual General Meeting” after some (including some French investors) questioned the proposed excessive payouts to the Stellantis management.

Stellantis Investors Reject A Salary Proposal For Company CEO, Carlos Tavares!

A majority of Stellantis shareholders voted to reject a proposed €19 million ($20.6 million) salary package for the company's Chief Executive Officer (CEO), Carlos Tavares, and the company's remuneration report for its other managers. Over 52% of the investor body, voted against the remuneration...

moparinsiders.com

 

[T/A392]

Each passing day my disdain for Tavares
grows. Such a shame Chrysler merged with the European PSA Group…

 

[Boyeta]

Stellantis Investors Reject A Salary Proposal For Company CEO, Carlos Tavares!​

Minority Shareholder Phitrust Estimates Tavares' 2021 Compensation Could Have Been Close To €66 Million...​

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A majority of Stellantis shareholders voted to reject a proposed €19 million ($20.6 million) salary package for the company’s Chief Executive Officer (CEO), Carlos Tavares, and the company’s remuneration report for its other managers. Over 52% of the investor body, voted against the remuneration on Wednesday at its first “Annual General Meeting” after some (including some French investors) questioned the proposed excessive payouts to the Stellantis management.

Stellantis Investors Reject A Salary Proposal For Company CEO, Carlos Tavares!

A majority of Stellantis shareholders voted to reject a proposed €19 million ($20.6 million) salary package for the company's Chief Executive Officer (CEO), Carlos Tavares, and the company's remuneration report for its other managers. Over 52% of the investor body, voted against the remuneration...

moparinsiders.com

pizza tower

The fact that a majority of Stellantis shareholders voted against the proposed wage package and remuneration report indicates that investors are not very happy with CEO compensation. These votes may have an impact on corporate governance decisions and are significant measures of shareholder opinion.

 

[ChargerFan1]

He's been a useless CEO. People were expecting another Marchionne, not this guy that does nothing. He's just living off what Sergio set up - brand CEO's, all he's "doing" is monitoring them - when any single one of them could do a much better job than he is. He rode coattails at Nissan too