Editorial: Le Monde

• Carlos Tavares, CEO of Stellantis, received a compensation of 36.5 million euros for the year 2023, becoming the highest paid CEO in the global automotive industry.
• Tavares' salary is 518 times the average annual salary at Stellantis or 1586 years of what a temporary worker earns at one of the group's factories in France.
• Stellantis shareholders justify this high salary by the outstanding financial performance of the company, whose stock value has doubled since its creation in 2021 following the merger of PSA Peugeot and Fiat-Chrysler.
• This pattern of remuneration puts upward pressure on the salaries of all CEOs.
• There was a proposal to impose a limit on excessive CEO remuneration at the EU level, but no consensus was reached.

Conclusion: Tavares's outrageous salary has raised concerns about growing wage inequality and a lack of self-regulation in Europe, as workers struggle to keep their jobs and face wage increases that consciously do not surpass inflation.

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