Stellantis CEO's Million Dollar Remuneration
Carlos Tavares, CEO of Stellantis (a company that includes car manufacturers such as Fiat, Jeep, Citroën, Opel, Peugeot and company), earns almost US$ 40 million per year. In 2023, the executive totaled US$ 39.491 million (almost R$ 205 million, in direct conversion), a value that includes the salary itself, as well as grants of unacquired shares and other benefits. The remuneration, disclosed in an annual report by the United States Securities and Exchange Commission, was 56% higher compared to 2022. Only in awards for encouraging electrification, the boss of company pocketed US$ 10.8 million.
Salary Disparity at Stellantis
The amount received by the CEO of Stellantis is approximately 518 times higher than the average remuneration of the company's employees, which is approximately $76,185 (R$ 395 thousand). Tavares' base salary alone is US$ 2.16 million (R$ 11 million).
General Motors CEO Loses Title
According to a report from The Detroit News, the CEO of General Motors, Mary Barra, is no longer the highest paid automotive executive in Detroit (USA). In 2023, she received total compensation package of US$ 27.8 million. In addition to falling behind Tavares, his salary fell by 4% compared to the amount of US$ 28.97 million he received in 2022, due to the reduction in bonus payments.
Ford Motor CEO's Salary Rise
The salaries of the CEO of Ford Motor, Jim Farley, last year they were US$ 26.5 million, an increase of 26% compared to 2022.
Stellantis President's Compensation Falling
Finally, still talking about automaker executives, the president of Stellantis, John Elkann, descendant of the Agnelli family, founder of Fiat, received US$ 5.22 million in total compensation in the year 2023. This is because the amount fell by 18% compared to 2022.
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