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Stellantis Carlos Tavares pay increase #3178268 09/26/23 08:03 AM 09/26/23 08:03 AM
Joined: Jan 2006 Posts: 8,162 USA 3 360view OP Moparts resident spammer
360view OP Moparts resident spammer 3 Joined: Jan 2006 Posts: 8,162 USA	According to a front page article in the Tuesday Wall Street Journal, when Carlos Tavares went from being CEO of relatively small Peugeot Auto to vastly bigger Stellantis, he was given a 70% increase in pay. The heads of GM and Ford have gotten far less than a 70% pay raise, but when the 3 CEO pay increases are averaged, Carlos Tavares “whopper” of a pay increase raises the average far above what average hourly paid workers in the three automakers have been given. This had become vocal issue in negotiating, that I was unaware of. As previously posted here, Stellantis’ more than $14,000 “profit sharing” checks to its hourly workers are far higher than GM or Ford.

Re: Stellantis Carlos Tavares pay increase [Re: 360view] #3178285 09/26/23 09:39 AM 09/26/23 09:39 AM
Joined: Feb 2003 Posts: 8,684 A Andrewh master
Andrewh master A Joined: Feb 2003 Posts: 8,684	While I am disturbed by how much high level execs make in general. Even if he makes the 24.8 million they say, there are over 270k employees. Distributing all of his pay only increases their pay by 91 dollars a year. the 14k checks they cut, if it went to all employee's is 3.8 billon dollars. I don't disagree profits should be shared with employee's and if they can get their 40 percent pay bump more power to them. but it will drive car prices up and they will be out of jobs soon too. because the company won't just suck up the price diff. It says on line they average pay is 29 bucks an hour. They want it to increase to 40.6 an hour over 4 years. 30 people on each line to build a car. 18 to 35 hours for 1 car call it 18 hours adds 22k to each car on year 4. will be interesting to see how it plays out.

Re: Stellantis Carlos Tavares pay increase [Re: 360view] #3178292 09/26/23 10:27 AM 09/26/23 10:27 AM
Joined: May 2019 Posts: 6,289 nowhere S Sniper master
Sniper master S Joined: May 2019 Posts: 6,289 nowhere	Originally Posted by 360view According to a front page article in the Tuesday Wall Street Journal, when Carlos Tavares went from being CEO of relatively small Peugeot Auto to vastly bigger Stellantis, he was given a 70% increase in pay. The heads of GM and Ford have gotten far less than a 70% pay raise, but when the 3 CEO pay increases are averaged, Carlos Tavares “whopper” of a pay increase raises the average far above what average hourly paid workers in the three automakers have been given. This had become vocal issue in negotiating, that I was unaware of. As previously posted here, Stellantis’ more than $14,000 “profit sharing” checks to its hourly workers are far higher than GM or Ford. So what? You don't give any dollar amounts so the point is moot. When things like that are done is is specifically because someone is trying to agitate to the greatest extent possible. If you give these workers a 40% raise are you going to get 40 more out of them? Nope. Stellantis is making record profits, you figure the CEO had more to do with that then the line workers? Yep. My solution would be to fire them all, move production to a non-union area and let them all eat crap for lunch.

Re: Stellantis Carlos Tavares pay increase [Re: Andrewh] #3178293 09/26/23 10:27 AM 09/26/23 10:27 AM
Joined: Feb 2022 Posts: 1,225 Nor here, Nor there D Dart 500 pro stock
Dart 500 pro stock D Joined: Feb 2022 Posts: 1,225 Nor here, Nor there	Their vehicles are already way overpriced. They need to be focused on getting prices back to 2019 levels, not seeing how much more they can rake their customers over the coals

Re: Stellantis Carlos Tavares pay increase [Re: Dart 500] #3178306 09/26/23 11:02 AM 09/26/23 11:02 AM
Joined: Jan 2003 Posts: 43,584 Round Lake Beach, Illinoisy Rhinodart Rhinotruck
Rhinodart Rhinotruck Joined: Jan 2003 Posts: 43,584 Round Lake Beach, Illinoisy	This will only increase automation and cut more jobs in the long run, there are teams of high priced engineers focusing on automating everything... The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it. JB Rhinehart, Realist A-Body's RULE!

Re: Stellantis Carlos Tavares pay increase [Re: Rhinodart] #3178329 09/26/23 11:54 AM 09/26/23 11:54 AM
Joined: Jan 2006 Posts: 8,162 USA 3 360view OP Moparts resident spammer
360view OP Moparts resident spammer 3 Joined: Jan 2006 Posts: 8,162 USA	I agree it will increase automation.

Re: Stellantis Carlos Tavares pay increase [Re: 360view] #3178335 09/26/23 12:06 PM 09/26/23 12:06 PM
Joined: Jan 2005 Posts: 12,419 Kalispell Mt. H HotRodDave I Live Here
HotRodDave I Live Here H Joined: Jan 2005 Posts: 12,419 Kalispell Mt.	Originally Posted by 360view According to a front page article in the Tuesday Wall Street Journal, when Carlos Tavares went from being CEO of relatively small Peugeot Auto to vastly bigger Stellantis, he was given a 70% increase in pay. The heads of GM and Ford have gotten far less than a 70% pay raise, but when the 3 CEO pay increases are averaged, Carlos Tavares “whopper” of a pay increase raises the average far above what average hourly paid workers in the three automakers have been given. This had become vocal issue in negotiating, that I was unaware of. As previously posted here, Stellantis’ more than $14,000 “profit sharing” checks to its hourly workers are far higher than GM or Ford. I don't know about him but if the CEO of ford gave every single penny he makes in a year to all the other employees of ford they would get $121 a year, I think if every employee chips in $2 a week for a good CEO it is quite worth their while, if they kept that $2 a week for themselves there would be no more ford (I would be OK with that but I don't think those employees would be). I am not causing global warming, I am just trying to hold off a impending Ice Age!

Re: Stellantis Carlos Tavares pay increase [Re: Andrewh] #3178344 09/26/23 12:33 PM 09/26/23 12:33 PM
Joined: Jan 2005 Posts: 12,419 Kalispell Mt. H HotRodDave I Live Here
HotRodDave I Live Here H Joined: Jan 2005 Posts: 12,419 Kalispell Mt.	Originally Posted by Andrewh While I am disturbed by how much high level execs make in general. Even if he makes the 24.8 million they say, there are over 270k employees. Distributing all of his pay only increases their pay by 91 dollars a year. the 14k checks they cut, if it went to all employee's is 3.8 billon dollars. I don't disagree profits should be shared with employee's and if they can get their 40 percent pay bump more power to them. but it will drive car prices up and they will be out of jobs soon too. because the company won't just suck up the price diff. It says on line they average pay is 29 bucks an hour. They want it to increase to 40.6 an hour over 4 years. 30 people on each line to build a car. 18 to 35 hours for 1 car call it 18 hours adds 22k to each car on year 4. will be interesting to see how it plays out. Then they will be right back to griping that they can't afford the cars they build and be demanding more money. A good CEO knows how to make this quarter million employees thing work and is worth $24 million. I am not causing global warming, I am just trying to hold off a impending Ice Age!

Re: Stellantis Carlos Tavares pay increase [Re: HotRodDave] #3178423 09/26/23 04:21 PM 09/26/23 04:21 PM
Joined: Feb 2003 Posts: 10,218 Someplace you aren't S SomeCarGuy I Live Here
SomeCarGuy I Live Here S Joined: Feb 2003 Posts: 10,218 Someplace you aren't	What is the math on employee pay when adding in the profit sharing? Is it similar to what the ceos are seeing when that is factored in? I want my fair share

Re: Stellantis Carlos Tavares pay increase [Re: 360view] #3178426 09/26/23 04:36 PM 09/26/23 04:36 PM
Joined: Nov 2003 Posts: 10,228 Colleyville 3hundred I Live Here
3hundred I Live Here Joined: Nov 2003 Posts: 10,228 Colleyville	Originally Posted by 360view According to a front page article in the Tuesday Wall Street Journal, when Carlos Tavares went from being CEO of relatively small Peugeot Auto to vastly bigger Stellantis, he was given a 70% increase in pay. Seems to me he earned it by vastly increasing the value of the company. The CEO of Stellantis (Peugeot, Opel, Fiat, Chrysler) has been racking up successes since he joined the French automaker PSA in 2014 '68 Fury Convertible '69 300 Convertible '15 Durango 5.7 Hemi '16 300 S Hemi

Re: Stellantis Carlos Tavares pay increase [Re: 360view] #3178510 09/27/23 12:20 AM 09/27/23 12:20 AM
Joined: Jan 2003 Posts: 27,471 So Cal autoxcuda Too Many Posts
autoxcuda Too Many Posts Joined: Jan 2003 Posts: 27,471 So Cal	Originally Posted by 360view According to a front page article in the Tuesday Wall Street Journal, when Carlos Tavares went from being CEO of relatively small Peugeot Auto to vastly bigger Stellantis, he was given a 70% increase in pay. The heads of GM and Ford have gotten far less than a 70% pay raise, but when the 3 CEO pay increases are averaged, Carlos Tavares “whopper” of a pay increase raises the average far above what average hourly paid workers in the three automakers have been given. This had become vocal issue in negotiating, that I was unaware of. As previously posted here, Stellantis’ more than $14,000 “profit sharing” checks to its hourly workers are far higher than GM or Ford. That’s not a pay increase That’s a job change. Went from one “relatively small company” to a “vastly bigger” company. He changed jobs.

Re: Stellantis Carlos Tavares pay increase [Re: 360view] #3178531 09/27/23 06:19 AM 09/27/23 06:19 AM
Joined: Jan 2006 Posts: 8,162 USA 3 360view OP Moparts resident spammer
360view OP Moparts resident spammer 3 Joined: Jan 2006 Posts: 8,162 USA	How should an auto company CEO work to earn his pay. Put in 14 hours nearly every day. Take up smoking again using nicotine as a brain altering drug. Neglect your wife to the point she testifies under oath: My husband has a mistress - Her name is Chrysler. Get cancer, but keep it secret by going to a Swiss hospital, keep putting in long hours. Die He is not (yet) risen above Sergio effort level, so Tavares should apologize, give back 90% of his pay, and resign.

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