, Columnist
France Plays Politics With Boardroom Pay
Peugeot's Tavares merits his $5.8-million reward
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"French government opposes executive's large salary" ranks alongside "Pope declares Catholicism cool" in terms of surprise. All the same, French ministers' opposition to the Peugeot Citroen CEO's 5.2 million-euro ($5.8 million) pay package is poorly targeted.
Bosses who get paid abundantly when a company does badly are fair game, but Carlos Tavares doesn't fit that mold. When the former Renault executive took over as PSA's chief in 2014, the carmaker was reeling from more than 7 billion euros in losses in only two years.