Stellantis Investors Back CEO’s $39 Million Pay Package
- Glass Lewis says pay package might cause ‘reputational damage’
- Tavares is top-paid CEO globally among traditional carmakers
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Stellantis NV shareholders cleared the way to make Carlos Tavares the highest paid chief executive officer among traditional car manufacturers, as the Jeep maker pursues deep job cuts and tough savings goals in the EV transition.
Investors on Tuesday voted 70% in favor of his €36.5 million ($39 million) total compensation package in a non-binding vote, rejecting pleas from advisory firms Glass Lewis, Proxinvest and Institutional Shareholder Services to vote against the pay plan.