France's Macron, Le Pen call Stellantis CEO's pay package 'shocking'

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

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.Just 9 days ahead of a runoff that will determ

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines