Signals of the future of work (Apr. 2022)

What will happen now to executive pay in France?

One of the most significant news stories in April was Emmanuel Macron’s victory in the French presidential elections after a hard-fought second run. With his re-election confirmed, we will now see what has become of his intention—expressed during the election campaign—to push for a cap on excessive executive pay through European institutions. Macron made these remarks earlier this month after describing as “shocking”, “excessive” and “astronomical” the €19 million pay packet given to Carlos Tavares, CEO of the Stellantis car group, after French carmaker PSA merged with Italian-American Fiat Chrysler to create the new group. According to France’s newly re-elected president,