Carlos Tavares, the former chief executive officer of Stellantis, experienced a 37% reduction in his total compensation last year, falling to 23 million euros before stepping down unexpectedly in December. Tavares had clashed with the board of the Chrysler and Fiat owner over his focus on cost-cutting measures, contrasting with broader company objectives. His bold pricing decisions contributed to a downturn in U.S. sales, an issue the automaker is still struggling to rectify.
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