Despite Stellantis’ recent efforts to trim its workforce and navigate the challenging transition to electric vehicles (EVs), CEO Carlos Tavares finds himself in the spotlight once again, this time over his eye-popping €36.5 million ($39 million) compensation package. The substantial increase in Tavares’ pay, up nearly 60% from the previous year, has drawn criticism from shareholder advisory firms and raised eyebrows among investors. At the heart of the controversy is a new €10 million ($10.7 million) incentive award tied to meeting electrification and software goals, which some argue is excessive given the company’s cost-cutting measures and tough savings targets. Advisory … (read full article...)
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