There is talk of Carlos Tavares
getting a 100-million-euro golden handshake after Stellantis
announced on Sunday that he was stepping down as CEO.
The speculation is based on reports that he has earned about 40
million euros a year over the last few years as chief of the
Italian-American-French carmaker, making him the auto industry's
best paid manager.
Tavares, one of the architects of the 2020 merger between
Fiat-Chrysler with Peugeot, is a controversial figure in Italy
after a series of run-ins with the political world.
He made waves at a parliamentary hearing in October when he said
car production in Italy was too expensive unless the government
delivered fresh incentives for the sector.
He subsequently failed to rule out redundancies at Stellantis's
Italian plants.
"We won't miss Tavares," Luigi Sbarra, the leader of the CISL
trade union, told Sky television on Monday.
"Tavares never believed in union relations. He delocalized. He
put the brakes on investment in Italy. He got to the point of
challenging the State.
"We think that his resignation will be a turning point".
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