Joseph Neu’s Post

Stellantis CEO Carlos Tavares’ jump in 2023 remuneration is getting pushback as the Jeep maker pursues deep job cuts and tough savings goals in the EV transition. bit.ly/3W0RWCU At Tuesday’s annual general meeting, advisory firms Glass Lewis, Proxinvest and Institutional Shareholder Services are urging investors to vote against approving the €36.5 million ($39 million) total compensation package. The pay plan, up almost 60% from 2022 levels, makes Tavares the most highly paid carmaking CEO among incumbent manufacturers. Tavares’ total compensation includes a new incentive award worth €10 million tied to meeting electrification and software goals, at a time Stellantis is coming under increased scrutiny in Italy and the U.S. due to ongoing job cuts. Two years ago, investors rejected his remuneration plan in a non-binding vote after opposition in France.

Being more than what a business card says about a manager is very important in life. It is not an easy task when the manager is promoted to a higher rank. Keeping the ability to make fun of oneself helps. BMW Group made this ad, engaging the CEO of their major competitor, Mercedes-Benz AG, in a funny but still honorable way and pointing out a very important part of each successful manager's career. #retirement #career #manager #success >>>>>>> Follow Denisa Volekova for more recruiting, motivation, diversity, and management 4.0. trends.

This is the mindset essential for driving impactful and sustainable change.

Stellantis #AGM under way in #Amsterdam. This is the dilemma investors will face: WOW profitability for the maker of Jeep SUVs and Fiat cars but also a #compensation package for #CEO Carlos #Tavares (and Chairman John #Elkann) that is raising eyebrows. With a total #comp package of €36.5 million ($39 million), Tavares - well known for his ``frugality'' and cost-cutting drive - becomes the most highly paid carmaking CEO among incumbent manufacturers. Various proxy firms, including Glass Lewis, Proxinvest and ISS | Institutional Shareholder Services, are alerting to the disconnect deriving from such high compensation levels. Glass Lewis cites possible ``reputational damage'' and ISS also notes ``generous” benefits for the company's executives, including personal use of corporate aircraft for #billionaire John #Elkann. The big focus this year is on an extra €10 million incentive award for Tavares tied to meeting electrification and software goals - ie, work that Glass Lewis views as “intrinsic” to an executive’s duties. Stellantis shares traded in Milan were up ~60% in 2023 and dividends also were up. BUT the group lost market share in some markets, for example the #US and #France, according to JATO Dynamics. The floor to Stellantis investors now #italy #proxyfirms #AGMs #compensation #CEObonus #EVs #automotive #executivepay

# Only put off until tomorrow what you are willing to die having left undone. ## Seize the Opportunity of Investing in General Motors Stock! 🌟💼📈 General Motors \(GM\) has experienced remarkable success this year, surpassing the broader market's performance. As seasoned Wall Street analysts carefully evaluate its prospects, they maintain a moderately bullish stance on the stock. This presents an exciting opportunity for investors looking to grow their Health Savings Account \(HSA\) and secure their financial future. 💰💪 With GM outperforming industry expectations, the time to act is now to avoid the Fear of Missing Out \(FOMO\). By investing in GM, you can align your healthcare and financial goals, enabling you to safeguard your family's well-being while capitalizing on the company's growth potential. 🏥📈💚 By leveraging your HSA account, you can take advantage of tax advantages and long-term investment strategies. Investing in a stable and thriving company like General Motors not only supports your financial aspirations but also contributes to the overall development of the healthcare and automotive sectors. 🚀🌐🏎️ Don't miss out on this incredible opportunity to grow your HSA, secure your future, and make a positive impact on the world. Start investing in General Motors today! 💼🌟💸 #hsa #investing #healthcare #health #family #wellness

🚗 General Motors restructured during the global financial crisis and returned to profitability. ✈️ SAS Airlines recently overcame challenges and emerged with a stronger balance sheet. 🎥 Marvel Entertainment transformed itself into a global entertainment powerhouse. 📦 Chrysler rebuilt through strategic partnerships, and ✈️ Delta Air Lines became one of the world’s largest carriers after restructuring. Many iconic companies have filed for Chapter 11, emerged stronger, and gone on to become leaders in their industries: These are just a few examples of how Chapter 11 can serve as a tool for renewal rather than a death sentence. On social media, I often see Europeans criticizing themselves while praising Asian and North American businesses. However, let’s not forget that Europe has some of the most talented minds in the world. Time and time again, we’ve proven our ability to tackle challenges and innovate in the face of adversity. Yes, I agree there’s work to be done: governments need to reduce bureaucracy, businesses must collaborate more effectively, and public support needs to be stronger. But let’s not lose sight of our potential. With proper cooperation between science, businesses, and governments, Europe can and will emerge stronger. Northvolt, as a pioneer of battery technology in Europe, has been a trailblazer. I have no doubt that they, like many before them, can overcome this moment and come out stronger, continuing to lead the charge toward a more sustainable future. 🌍🔋

Ready to chase your dreams? Let Magna Thomson help you make the move! 🚀 "𝘏𝘢𝘷𝘦 𝘢 𝘥𝘳𝘦𝘢𝘮, 𝘤𝘩𝘢𝘴𝘦 𝘪𝘵 𝘥𝘰𝘸𝘯, 𝘫𝘶𝘮𝘱 𝘰𝘷𝘦𝘳 𝘦𝘷𝘦𝘳𝘺 𝘴𝘪𝘯𝘨𝘭𝘦 𝘩𝘶𝘳𝘥𝘭𝘦, 𝘢𝘯𝘥 𝘳𝘶𝘯 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘧𝘪𝘳𝘦 𝘢𝘯𝘥 𝘪𝘤𝘦 𝘵𝘰 𝘨𝘦𝘵 𝘵𝘩𝘦𝘳𝘦." — 𝘞𝘩𝘪𝘵𝘯𝘦𝘺 𝘞𝘰𝘭𝘧𝘦 𝘏𝘦𝘳𝘥 Powerful words that resonate with the unwavering determination it takes to achieve your dreams. At Magna Thomson, we understand that pursuing your dreams sometimes means making a big move – literally. Whether it's relocating for a new job, starting a business in a new city, or simply chasing a change of scenery, we're here to support you every step of the way. We'll handle the hurdles of packing, logistics, and paperwork. We'll navigate the challenges of moving, no matter the distance or complexity. Your dreams are worth chasing. Choose Magna Thomson as your moving partner, and let's make your dreams a reality. ✨ https://lnkd.in/dAJbrpe #mondaymotivation #movinghouse #magnathomson #internationalmovers #internationalmove #localmove #chaseyourdreams #movingcompany #moving #movingservices #relocations #movingmadeeasy

Today our CEO, Shaun Westcott, visited the Parliament of South Australia, reinforcing Mitsubishi Motors Australia's commitment to the state and its future. 🤝 Since 1980, we’ve been proudly rooted in South Australia. While our operations span the nation—with a network of just under 200 dealers and service centres—our heart ❤️ remains in Adelaide, where our Head Office is based. 🏢 We are deeply passionate about South Australia and believe that meaningful dialogue between industry and policymakers is essential to fostering economic growth and long-term prosperity. The development of forward-thinking policies will play a pivotal role in shaping the economic and social landscape of our state. 🚀 Mitsubishi Motors Australia is firmly focused on driving innovation and promoting collaboration that will lead to a brighter future for South Australia. 🚗 #Leadership #EconomicGrowth #SouthAustralia #Policy #Innovation

“Made in Germany” Losing Its Shine Germany, long regarded as Europe’s “economic powerhouse” is grappling with a severe crisis that threatens its industrial backbone. Key sectors, including automotive, are under immense pressure from global competition, declining demand, and energy challenges. Industrial giants are facing unprecedented struggles, highlighting the scale of the crisis. Germany’s industrial production has fallen 20% since its 2017 peak, and “Made in Germany,” once synonymous with quality and innovation, is losing its competitive edge. Mass layoffs announcements from Volkswagen to ThyssenKrupp, signal a deeper structural issue in maintaining Germany’s industrial leadership. See my latest article in Bloomberg Businessweek, where I explore the structural issues threatening the German economy ⬇️

🚗 The automotive sector's transformation requires a coordinated effort across regions, industry, and education providers. During #EURegionsWeek, we explored how regional cooperation is key to attracting and upskilling talent for the future workforce. Missed the event? Dive deeper into the key takeaways and insights from political and cross-sectoral leaders in our article. 📰 https://lnkd.in/dtW2Adcs Gobierno de Navarra Thomas Schmidt Federal State of Saxony Judith Kirton-Darling industriAll Europe Automotive Skills Alliance European Automobile Manufacturers' Association (ACEA) European Committee of the Regions