Emmanuel Macron will push for a cap on excessive executive pay should he be re-elected president after he described as “shocking and excessive” the €19m (£15.7m) pay packet handed to the head of carmaker Stellantis.
Macron, who is campaigning in the run-up to the final vote for the French presidency on 24 April against far-right candidate Marine Le Pen, told France Info radio that he was in favour of an EU-wide ceiling for top executives’ pay.
The multimillion-pound payout handed last year to chief executive Carlos Tavares, when French carmaker PSA merged with Italian-US rival Fiat Chrysler to form Stellantis, one of the world’s largest carmakers, has emerged as a prominent issue in the election.
Macron and Le Pen are attempting to woo the 7.7 million people who voted in the first round for left-wing candidate Jean-Luc Mélenchon, who has described the final run-off as “a choice between two evils”. » | Phillip Inman | Friday, April 15, 2022
