Stellantis Shareholders Approve $40M Payout for Former CEO

Stellantis Shareholders Approve $40M Payout for Former CEO​

Tavares Exit Deal Clears Despite Sales Slump and Backlash​

Stellantis shareholders on Tuesday approved a pay package totaling €35.1 million (approximately $37.4 million USD) for former CEO Carlos Tavares. The compensation includes a €23.1 million salary for 2024 and an additional €12 million in severance and milestone bonus payments for the year.

Stellantis Shareholders Approve $40M Payout for Former CEO

Stellantis shareholders approve a controversial $26.1 million payout for former CEO, despite profit declines and criticism.

moparinsiders.com

 

[patfromigh]

To quote Charlie Brown, "Good grief !"

 

[Jeeper1961]

I'll never understand why this keeps happening over and over, no matter what industry, when top brass executives clearly do monetary damage to a company with poor decisions, get fired and yet, still get exorbitant compensation packages. No wonder the stock price is $9.28 a share. I surely hope Stellantis chooses a no nonsense, level headed car guy for the next CEO.

 

[AlexB]

To quote Charlie Brown, "Good grief !"

The number is wrong @Jared B..$38 million.

 

[Mike201]

Carlos should be paying Stellantis shareholders for how he destroyed the company.

 

[BWS1]

Kickbacks and graft. No one will ever convince me otherwise . The ugliest side of capitalism on full display

 

[JustTheFactsMaam]

How can anyone justify paying $40 million dollars to someone who ran a company into the ground is beyond comprehension? Every day I wonder what it take for people to say enough and fight back.

 

[bill burke]

One must remember who holds the majority of the stock. It’s not small stockholders like myself who voted by proxy against this insanity, but corporate interest who follow a code of entitlement and protection for their own. This guy gets millions when his incompetence cost the company billions.
Just call it what it is “good old boys doing business as usual”.

 

[vbondjr1]

I WOULDNT HAVE PAID THAT MAN $#!T !!!!!!!!!!

 

[TripleT]

GROSS

 

[Mike201]

C.T. Should be in jail for impersonating a CEO!!!

 

[Drvenkman]

WTF did this guy do to justify that?