Carlos Tavares' compensation package swelled by 56% from 2022 thanks to a record-breaking year for Stellantis
General Motors chief executive Mary Barra earned a staggering $27.8 million in 2023 but that was not enough for her to retain the crown as Detroit’s highest-paid automotive executive. Instead, Stellantis boss Carlos Tavares took the top position with $39.491 million. Barra has long been the city’s highest-paid automotive executive but her total compensation fell 4% from $28.97 million in 2022 due to a reduction in her bonus payout. She retained the same $2.
While the boss of GM saw her compensation fall, the same cannot be said about the head of Stellantis, Carlos Tavares. His total compensation soared 56% from 2022 to $39.491 million, Detroit News reports. While that’s a staggering amount, Stellantis did post a record $20 billion net profit in 2023, an 11% increase from 2022 thanks primarily to higher price points across foreign markets for its vehicles.
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