Stellantis CEO Tavares' 2022 pay fell 14% to $15.7 mln

CEO Carlos Tavares' 2022 pay fell 14% to 14.9 million euros , the maker of Fiat, Ram and Peugeot vehicles said in a filing on Friday.

Tavares did not receive a retention bonus in 2022, compared with a bonus of about 2 million euros in 2021, the filing showed.profit that beat forecasts on Wednesday due to strong car prices and greater-than-expected merger benefits, but warned of pricing pressure as industry-wide supply chain problems ease.

Over 90% of Tavares' pay came from variable components after the company posted industrial free cash flows of 10.8 billion euros last year, well above the maximum target of 8.1 billion euros. Stellantis also achieved cash synergies of 7.1 billion euros during the period, far exceeding the 5 billion euros by 2024 target.

The company announced a proposed share buyback program worth up to 1.5 billion euros for 2023 and said it will pay a dividend of 4.2 billion euros on its 2022 results, or 1.34 euros per share.

Source: Car News Wire (carnewswire.net)

the average yearly salary in the U.S. after adjusting for inflation, fell by 4.5%. Only about one-fifth of occupations have kept pace with consumer price increases during the 10-year period.

Oh no, however will he survive, should we create a go fund me page...pfffft!. billionaires theycouldsavetheplanetbuttheychoosenotto

Oh my God. This is terrible.

Is he going to be okay?

Maybe we could start a Gofundme for him?...poor guy

Jezz…the poor bloke will be on skim rather than full cream milk. And day old bread?

One can always feel sorry for the poor fellow

Really, Tavares pay fell 14% to $15.7 Million, guy can barely afford a skid of coffee.

Boo hoo

🎻 starting a GoFundMe for him rn.

I hate it when my pay drops to $15.7 mln. Practically impoverished

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