But are Tavares’ priority his compensation or Stellantis’ investments?

17 April 20242 weeks ago babelfish

Numbers and debate on the compensation of the top management of the Stellantis group. The intervention of Ferdinando Uliano , general secretary of the Fim-Cisl, on the compensation of Carlos Tavares in 2023

The Stellantis shareholders' meeting approved the remuneration report yesterday with the compensation to CEO Carlos Tavares and president John Elkann in 2023. Tavares received compensation of approximately 13.5 million euros in 2023, down from to 14.9 million in 2022 (14.9 million euros). In addition to the basic and variable remuneration, the CEO also received a 10 million incentive for transforming Stellantis into a supplier of sustainable mobility technologies. Elkann, on the other hand, received a total compensation of around 4.8 million in 2023, compared to 5.8 million in 2022. ( Start Magazine editorial team )

THE COMMENT OF FERDINANDO ULIANO, GENERAL SECRETARY OF THE FIM

We are in a market economy and shareholders can decide to increase the generous compensation of the Stellantis CEO and distribute dividends, but as a union we reiterate that the priority today is investments in the plants, not compensation. This is also how social responsibility towards workers and the country is practiced.

We think, especially in this very complex and difficult situation that the sector is going through, involved in the ecological and digital transition, we need to make more courageous choices in terms of investments and not compensation. We need to reverse the decline in volumes and reduce the continued growth in the use of social safety nets that we saw in the first quarter of 2024.

We said it with strength and determination in the demonstration on Friday 12 April in Turin, we will represent it again at government tables as soon as Minister Urso summons us to continue the open discussion.

It is necessary to work together to materialize, through an agreement, the commitments with the Stellantis Group to increase production volumes and secure the automotive sector and employment in Italy.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/compensi-tavares-investimenti-stellantis/ on Wed, 17 Apr 2024 06:06:24 +0000.