PARIS : French President Emmanuel Macron and his far-right challenger Marine Le Pen on Friday called the pay package of Franco-Italian carmaker Stellantis' CEO"shocking" with excessive executive pay now a hot topic in France's tight-run presidential election.
The 2021 compensation package for Stellantis CEO Carlos Tavares adds up to around 19 million euros , plus a stock package worth some additional 32 million euros and long-term compensation of about 25 million euros. "People can't have purchasing power problems, difficulties and anxiety in their lives and see sums like this," Macron said, adding that otherwise"society going to blow up"."Of course it is shocking. It's even more shocking when it's a CEO who has put the company in difficulty and gets considerable sums," she told BFM television, suggesting one way to offset such remuneration was to develop staff shareholdings.