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And no actual knowledge or experience in the industries they lead. After 40 years of these losers destroying western businesses, folks still wonder why we are where we are.
I work for a very large bank. Our previous CEO made $10M a year for 5 years. While he was in office our share price went down 80%. It’s all an ‘Old Boys Club’ and as far I can see all he did was smile and give speeches about how well we were all doing!
True they should have Fired him when he said they couldn't make a profit making EVs. If BYD and Tesla can make EV's profitably and now cheaper then an equivalent ICE vehicle that tells us he didn't try.
He should've been fired , the moment profit dipped , and future profit are projected to be in jeopardy . Anyway , all their shareholder deserve to lose their investment .
@@freethinker4991it took 10 years or Tesla to make a profit on EVs and EVs were not the death of Stellantis, the death of Stellantis is when they discontinued their best selling v8 vehicles, North America was their biggest money maker
The problem with the auto industry is the fact that during COVID they jacked the prices up because they couldn't make the cars. The problem is when COVID was over nobody brought their prices back down .
The problem is that people arent stupid. When was the last time anyone looked at a citroen and said, "Wow, that's desirable, and I'll pay over the odds for it. Yeh that would be the 70s...
Western countries need to change the way their public companies negotiate salary and bonuses. A CEO is guaranteed his pay and benefits even before he/she starts their first day at work without even knowing how they are going to perform on the job. It should be changed to giving only a guaranteed monthly salary with no bonus or share options until they have finished their term in office and the financial position of the company assessed before the board should decide whether their performance deserves any bonus. A bonus should only be awarded if that CEO has led the company to an outstanding performance otherwise nothing extra should be paid to them.
@@eish3291 The problem is the more you remove guaranteed stuff like salary and golden parachute, the more you have to give stock options instead. Think Musk at Tesla. In the latter case, Tesla is doing OK so it's not that big of a deal although that means a ridiculous payout to Musk, but the problem is there for all companies doing that : the CEO has now a single objective, making the stock go up. No need to plan for the long term, no need for a good strategy, if the stock goes up a lot for a few years, the CEO is golden.
I just got fired, and I'm 39 years old. Now that I have 425K saved for an early retirement at age 50, 10K in an HSA, and a property that could yield an extra 200K, what possibilities do I have for a steady stream of income?
reluctant to search for a job. I'm not sure whether I should merge all of my investing accounts into one. If so, what should I know and how should I respond to this? In addition, I intend to sell my property, which might potentially fetch an additional $200,000. Is it better to put everything in one account or spread it out among several investments?
These are important questions for a financial planner. I met mine at a summit, and with her assistance, my wife and I reallocate our $1.7 million assets between a regular IRA and a brokerage account. She has been handling the investment with our agreement and has helped us recover twice as much as we lost. Currently holding steady and gently navigating the market
@@user-kc1tf7zm3b I disagree. Tesla can. And as for France, Renault is by now making an increasingly good case. I cannot say if they would be competitive in China, but the Renault Megane E-tech now goes for 34 thousand Euro In Denmark with a fair equipment package and 440 km WTLP range. It is the same price as BYD Dolphin and MG4 Standard Range (420-430 km range). And yes, the chinese cars had this price before the EU tariffs too. So yeah.. it is possible.
In 2010 I bought my 1500 RAM Laramie. Its list price was $56,400 and I got it at the fall rebate time for $44,600. It is getting old so I started looking for a new 1500 and was shocked at the $98,000 price tag for the same model and they wanted $116,000 for their new Tungsten model. While my RAM has been an excellent vehicle , there is no F'ing way I will be paying those prices. It is WAY cheaper to just maintain my current vehicle and wait for Stellantis to crash, then I might consider a new RAM if the prices drop to reasonable levels. BTW, I might have gone for the Tungsten model but guess what, those brilliant Stellantis management people removed the Hemi and replaced it with a turbocharged straight 6 which requires Premium Gas! Are you kidding me, Premium gas on a truck??? 🤨
I know, it beggars belief, eh? And you can bet your bottom dollar every one of these insanely overpaid numpties tried to screw their shop floor workers for every cent. Capitalism - for the few, not the many.
In the near future, American legacy brands (Ford, GM, Dodge/Jeep) will only be sold in the US, because the rest of the world would rather buy higher-quality Chinese cars, at lower prices.
Toyota and honda already know that thats why they didnt push too much the EV's and got into hydrogen, its just harder for chinese to do, people dont understand that stellantis has factories only in EU thats why theyre prices are a little higher
I remember the first video you did regarding This company and I listen carefully to your statements. Overtime I began to understand this moment would happen and it did. Thank you for your work❤
The comments about "discounting" being the problem at Maseratti was probably the last straw that made the board realize they couldn't keep Tavares as CEO for even another second. The man is beyond out-of-touch.
Maserati is actually pretty pedestrian in terms of a luxury car….. its been a pretend Ferrari for too many years now, all name recognition and not the engineering nor production quality you would expect for the price…… hence the downgrade
For starters: 1. Cut all MSRP’s by 20%; 2. discontinue EV sales in the States and go back to V8’s, and 3. Take back Carlos’s $39m and rehire the laid-off workers.
Why should Tavares care? He milked the company for his 'remarkable work' and now he will take his leave with a golden handshake. Everything went to plan.
Yup. All major Us news outlets, both left and right, pump out a steady stream of bs on EVs, China, and middle east, US has many positive attributes but a portion of the population's brains have been fried by nationalism.
No. Stellantis CEO should be more conservative than him. Maybe nominating OCMotivator, RacerX, TK's Garage, Scotty Kilmer, MGUY Australia, China Observer, etc., sorry to example their names, I means any pro-CDJR channel, any pro-fuel car channel or any oppose-EV channel.
I will not exclude the Sharholders also from prioritizing short term profit , the CEO Job is to respect the input of the Board in terms of Profitability they set the objectives together, the CEO in all corporates gets fired because part of his Job is being a fuse ….
Why on earth did it take so long for them to fire him? He's flip flopped on EVs, clearly flailing around and clueless for the past five years. Now it's probably too late to save the company.
Why must it take $40m pa to run a company, however big? Like, they couldn’t find someone capable to do it for a mere, say, $20m? Who makes up these crazy numbers? And when the shop floor workers want a couple more % a year and they’re “greedy”.
Western public need to pressure their politicians to enact new laws laying out how to remunerate CEO,s. Even before starting their first day of work they already know how much salary, bonus and share options they have before the shareholders even see how they perform on the job. If the performance at the end of their term is good then yes give them a bonus, but if it is poor then only salary should be paid and no pension ,medical aid or other benefits should be allowed at the expense of shareholders.
It is difficult to understand how a great brand can be destroyed so quickly. But given the fuel economy regulations and rediculous EV regulations vomited out by the gubment, and the cost of compliance, it can be put in perspective. All the big US car makers are on the same path.
Die Emissionsvorschriften der Regierung, vor allem der EU zerstören die eigene Industrie , denn Rest erledigt die Inflation. Ich habe das Gefühl in den Regierungen sitzen Chinesen und Russen , die uns zerstören wollen ! Rettet die westliche Autoindustrie
Imagine getting paid tens of millions of dollars for ruining the brand or the company. Thats basically the story of most legacy brand CEOs, getting paid for warming up the chairs
Rich people. They own the whole world now. The lowest 50% may as well die off. The car industry was built on middle class sales, and now we are... not middle, yet not ignorant and poor.
@@alihms Carlos Ghosn was a shady person, but which CEO isn't? Put that aside, Nissan hired Ghosn to get Nissan out of a huge mess, and he did. They fired him, and Nissan fell back into the mess they hired Ghosn fixed.
Carlos Tavares rebuilt Peugeot/Citroen (PSA) and brought back Opel from the dead. His error was touching the FCA part to become Stellantis. Chrysler is worthless and FIAT not much better. The French should push to split the company or it will take everything with them.
Almost a repeat of the mistakes made in the UK with British Leyland. Take a number of failing car companies, this time with the complication of them being in different countries and different continents, unite them under one heading, and expect them to make profits. Guaranteed recipe for disaster every time.
Chrysler -- no matter who owns it -- has made such garbage for decades, that I don't understand why anyone buys one at all. They were decent vehicles until about the mid 1970s.
This company has never had any real credibility with it not being hard to see it. Very short term momentum is no safety measure for your future especially when it is just a collection of seriously failing businesses come together to share production costs to minimise spending against hoped for new sales that aren’t there for these weak brands of some time.
In 2012, I paid $114,800 for my house in southeastern Indiana. Now, the HUNDRED GRAND WAGONEER costs even more than that !!! Right after prices increased because of Covid-19, "they" decided to continue selling few units with a high profit on each unit. I'm sorry union jobs will be lost in any bankruptcy, but they were paid well. The members are responsible to their households to plan for any future unemployment.
When the whole group is unresponsive, and then mutiny’s - it’s about as strong and singular message as happens. Hopefully the Board has a few visionary members that can pick a new (perhaps unknown) leader.
Make a good 2- 3 person basic body on frame gas/diesel truck for $20K or less, with no frills - but the option to upgrade (Hitch, smart features...) , Make a high-quality commuter electric motorcycle (Moped+) made in the U.S. for $1K or less, Make an updated pure electric Viper, Prowler, Copperhead as a Plad killer if you must be pure electric, and the world is your oyster.
The irony is that it doesn't matter if the board fired him, or he resigned: the people that control/influence the company the most (board and shareholders) are too obsessed over next term profits, and not making an actual quality product. The sad thing is: the bar right now is really low, because ALL the other manufacturers are doing the same thing. If you build a quality product, you barely need to market: your customers will do it for you. The prices have exploded, while the quality of EVERYTHING in the stellantis brand has gone down. They've been operating on borrowed time as people can't afford to buy their garbage anymore.
If she had gone on the Joe Rogan podcast and had a meh interview where she was at least personable, that would have swung around 500,000 votes. Harris' problems are numerous, but the biggest one is so many Americans see her as a fake human being.
@@patrickproctor3462 And those same Americans didn't see the other person as fake.😂 Trump loves the gullible, the uneducated, the racists and the billionaires. Treasonous traitorous Trump, the fascist felonious chump. Morons Are Giant A..holes.
@@patrickproctor3462yeah, but even if she did go on, not possible for her to be personable. She came off ask fake because she is, kinda like Stellantis' attempt at EVs lol
If US investment houses and banks are influentual in the outcome - they are just as knowledgeable as those that haven't seen through the Tesla smokescreen. No potential American CEO understands the foreign auto markets.
What Tesla smokescreen? Tesla has the best selling car in the world. The only thing European executives know how to do is raise prices and make their logo bigger.
Resigned - yeah right! 😂 How this guy was able to stay for so long is a total mystery. In most US companies, someone with his performance would have been gone BEFORE the first earnings call reporting a loss. There was some next level shenanigans going on at Stellantis.
Tavares had a difficult job at Stellantis. Its US Ram trucks and Jeeps four have little or no appeal in Europe. Likewise European models from Fiat, Peugeot and Vauxhall have little appeal in the US. So a global car company without a global car model. In Europe Stallantis is selling hundreds of thousands of EVs and few if any in the US. Fortunately for Stellantis it has very little exposure in China so is avoiding the melt down in sales that others are experiencing in that market. The difficulty of maintaining profits is one that afflicts the entire industry.
I know at least eight friends and family members who are holding off on buying new cars because they don’t want an electric vehicle. They plan to keep driving their petrol or diesel cars until they no longer run. I’m sure many others are in a similar position, delaying the replacement or upgrade of their internal combustion engine vehicles.
MILLIONS of us are in the same position. I just put a new thermostat in my third-gen (00-02) plastic Saturn SL2 last week. I own two. I'll drive them as long as I possibly can.
I don't know if you are aware: The Australian Government has just announced Stellantis will be saved, they have just signed an AUD$1Tillion (US$ 0.50) to replace the Collins Class submarines, why, because Stellantis is going to dive deeper than any submarine ever has.
To little too late already Bud Lighted - Harley Davidsoned - John Deered it. Killed the Hemi - and thus Challenger, Charger and Jeeps. Fiat ain't going to re-design them for the next generation. Heck it was designed under Benz and still had issues. Who doesn't think their electrics aren't going to die after 50 K (if not catch fire...) ?
The Puretech engine fiasco management in Europe summed up his demise. I think many of Stellantis' brands would do better independently than being in a mega conglomerate. Stellantis' kills its own brands by killing creativity and innovation. Jeep now sucks, as FIAT with the exception of Brazil. Now you see a Peugeot, and it's the same as a Citroën, or a Lancia.
Hi Sam. It would be great if you’d put the link to the source of the information you present in the video description. For example, where did you see reported that Carlos Tavares was fired? you might be right saying he did, but without a confirmation, it’s still mere speculation. Anyway, thanks for videos and have a great day!
In all fairness to this disastrous CEO, Its almost impossible to manage a pile of the worst brands successfully. All the car brands under Stellantis are know for being the worst quality/reliability on the market. They should start paying attention to their bad products rather than the top execs.
But that's the thing. Dodge with V8 was a great deal for a long time - just make it ultra reliable. RAM as well. And those cars seriously have to stop to rust. That's what a lot of people want. A good, reliable, fun and reasonably priced car.
I'll never buy a Stellantis vehicle. I have a Chevrolet that was an Opel product, it's less than 10 years old. Can't get clutch parts, will have to scrap if something breaks (again). Stellantis has ended parts support for it in fact if not officially. Oh... doubtful I'll buy another GM too.
When so many of stellantis’s cars were at the top of charts for days on dealer lots, you know there was BS all around. Every company makes mistakes. But the question is what have they done right?
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Classic MBA. Cut R&D, jack up prices, lower quality, pocket huge short-term bonuses, leave company in ruin on private jet.
And no actual knowledge or experience in the industries they lead. After 40 years of these losers destroying western businesses, folks still wonder why we are where we are.
Yup, there’s $40m pa right there…
I expect they’ll appoint another one soon!
Sounds like the US housing market as well
Bob kLutz has TWO jets ✈️🛩
I work for a very large bank. Our previous CEO made $10M a year for 5 years. While he was in office our share price went down 80%. It’s all an ‘Old Boys Club’ and as far I can see all he did was smile and give speeches about how well we were all doing!
It seems these CEO's have all morphed into used car salesmen who are more effective at spreading the BS than actual company growth.
98% FREEMASON or old 14th century european royalty❤❤😂🎉😂🎉🤡🤡🤡🤦🏻♀️🤦🏻♀️🤦🏻♀️😳😳☠️☠️☠️
It's too late. Firing Carlos Tavares won't save Stellantis at all.
True they should have Fired him when he said they couldn't make a profit making EVs. If BYD and Tesla can make EV's profitably and now cheaper then an equivalent ICE vehicle that tells us he didn't try.
Right
Well in fairness it took tesla 10 years to become profitable! Duhh@freethinker4991
He should've been fired , the moment profit dipped , and future profit are projected to be in jeopardy .
Anyway , all their shareholder deserve to lose their investment .
@@freethinker4991it took 10 years or Tesla to make a profit on EVs and EVs were not the death of Stellantis, the death of Stellantis is when they discontinued their best selling v8 vehicles, North America was their biggest money maker
Lets not forget that the board hired him - and let him do all this, with their silent (?) acceptance, for a very long time.
VW is next. Herbert Deiss was let go for stating the obvious.
True
All VW sub brands turn a profit.
@@TJSawsure thing, even if that profit has been slashed by two thirds.
@@TJSawA tiny one, not enough to service over $200BN in debt and expand the company for the future.
YES YES
The board needs to fire itself.
Stellantis: a collection of ruined and undesirable brands which are getting worse even as they become more expensive.
They have a gold mine. Back to basics would turn things around.
The problem with the auto industry is the fact that during COVID they jacked the prices up because they couldn't make the cars. The problem is when COVID was over nobody brought their prices back down .
prices went up over the last 10 years totally un"reasonable".....i paid 19 k euros for my Qashqai in 2014....now "they" want double that.
The problem is that people arent stupid. When was the last time anyone looked at a citroen and said, "Wow, that's desirable, and I'll pay over the odds for it. Yeh that would be the 70s...
Also Biden rejoining thebgreen deal and making them bring e.v. s into the market to fast for the demand
Stellantis was the biggest offender. They raised prices as if their products were perceived as premium, but they are not.
They were told to raise prices it was part of the Build ba ck Better plan to balance the prices of ICE with EV's that they were pushing at the time.
He made enough money. doesn't have to work for the rest of his life and the next two generation of his family.
IMO - Probably got a golden parachute regardless of what kind of job he did.
@@butterflygirl2285His contract would’ve had that written in.
Western countries need to change the way their public companies negotiate salary and bonuses. A CEO is guaranteed his pay and benefits even before he/she starts their first day at work without even knowing how they are going to perform on the job. It should be changed to giving only a guaranteed monthly salary with no bonus or share options until they have finished their term in office and the financial position of the company assessed before the board should decide whether their performance deserves any bonus.
A bonus should only be awarded if that CEO has led the company to an outstanding performance otherwise nothing extra should be paid to them.
Yeah. he drove it like he STOLE it.
@@eish3291 The problem is the more you remove guaranteed stuff like salary and golden parachute, the more you have to give stock options instead. Think Musk at Tesla. In the latter case, Tesla is doing OK so it's not that big of a deal although that means a ridiculous payout to Musk, but the problem is there for all companies doing that : the CEO has now a single objective, making the stock go up. No need to plan for the long term, no need for a good strategy, if the stock goes up a lot for a few years, the CEO is golden.
I just got fired, and I'm 39 years old. Now that I have 425K saved for an early retirement at age 50, 10K in an HSA, and a property that could yield an extra 200K, what possibilities do I have for a steady stream of income?
It’s reasonable to consider getting a financial advisor now, but delaying retirement might be a wiser choice
reluctant to search for a job. I'm not sure whether I should merge all of my investing accounts into one. If so, what should I know and how should I respond to this? In addition, I intend to sell my property, which might potentially fetch an additional $200,000. Is it better to put everything in one account or spread it out among several investments?
These are important questions for a financial planner. I met mine at a summit, and with her assistance, my wife and I reallocate our $1.7 million assets between a regular IRA and a brokerage account. She has been handling the investment with our agreement and has helped us recover twice as much as we lost. Currently holding steady and gently navigating the market
That’s impressive! My portfolio has been struggling. Who is your advisor?
*June Renae Matthysse* You are likely to find more information if you look her up online
Crazy that the worst companies always seem to pay the most
Worst companies? 4 biggest in the world, 2023, 39 000 million euros, sure, go see some information before speaking
Stellantis does not need a CEO, it needs an administrator
It needs a strategic Viking.
@@JasonLowderTheRanga Wrong. Neither America nor France can make compelling EVs at an affordable price.
Wrong, Tesla is more American than Ford or Gm .
@@user-kc1tf7zm3bwrong. Stellantis has been making profit building EV's.
@@user-kc1tf7zm3b I disagree. Tesla can. And as for France, Renault is by now making an increasingly good case.
I cannot say if they would be competitive in China, but the Renault Megane E-tech now goes for 34 thousand Euro In Denmark with a fair equipment package and 440 km WTLP range.
It is the same price as BYD Dolphin and MG4 Standard Range (420-430 km range). And yes, the chinese cars had this price before the EU tariffs too.
So yeah.. it is possible.
Jeep has the worst reliability of any brand sold in the USA, Ram is sitting on a 200+ day supply of unsold trucks finally Tavares is gone!
In 2010 I bought my 1500 RAM Laramie. Its list price was $56,400 and I got it at the fall rebate time for $44,600. It is getting old so I started looking for a new 1500 and was shocked at the $98,000 price tag for the same model and they wanted $116,000 for their new Tungsten model. While my RAM has been an excellent vehicle , there is no F'ing way I will be paying those prices. It is WAY cheaper to just maintain my current vehicle and wait for Stellantis to crash, then I might consider a new RAM if the prices drop to reasonable levels. BTW, I might have gone for the Tungsten model but guess what, those brilliant Stellantis management people removed the Hemi and replaced it with a turbocharged straight 6 which requires Premium Gas! Are you kidding me, Premium gas on a truck??? 🤨
I blame the board for all of this they have showed there incompetence over and over again next one to go should be the head of the board John Elkin
Just googled this CEO’s salary, 36.5 million euros?! Like how? I mean why? WTF?
I know, it beggars belief, eh?
And you can bet your bottom dollar every one of these insanely overpaid numpties tried to screw their shop floor workers for every cent.
Capitalism - for the few, not the many.
Thats per year, not per month, 2023 sales were 39 000 million euros
@ Ah, bargain then….
All modern day CEO's are paid by short term gains. This is the problem in every industry
In the near future, American legacy brands (Ford, GM, Dodge/Jeep) will only be sold in the US, because the rest of the world would rather buy higher-quality Chinese cars, at lower prices.
That's largely the case already. The Japanese and Korean auto makers have already cornered non-Us markets.
@@oldskoolmusicnostalgiathe Japanese and Koreans are going to go through the same thing soon.
Toyota and honda already know that thats why they didnt push too much the EV's and got into hydrogen, its just harder for chinese to do, people dont understand that stellantis has factories only in EU thats why theyre prices are a little higher
I remember the first video you did regarding This company and I listen carefully to your statements. Overtime I began to understand this moment would happen and it did. Thank you for your work❤
Thanks for sharing!
The comments about "discounting" being the problem at Maseratti was probably the last straw that made the board realize they couldn't keep Tavares as CEO for even another second. The man is beyond out-of-touch.
Maserati is actually pretty pedestrian in terms of a luxury car….. its been a pretend Ferrari for too many years now, all name recognition and not the engineering nor production quality you would expect for the price…… hence the downgrade
For starters: 1. Cut all MSRP’s by 20%; 2. discontinue EV sales in the States and go back to V8’s, and 3. Take back Carlos’s $39m and rehire the laid-off workers.
They jacked up their prices during the pandemic and never put them down again. Idiots.
Why should Tavares care? He milked the company for his 'remarkable work' and now he will take his leave with a golden handshake. Everything went to plan.
Rinse and Repeat
Yes us media has lost a lot of credibility
Yup. All major Us news outlets, both left and right, pump out a steady stream of bs on EVs, China, and middle east, US has many positive attributes but a portion of the population's brains have been fried by nationalism.
Western media
Sorry, still many brainwashed people still believe the western propaganda
I don't know why they're only doing what they're supposed to do make profit. It's the American way.
@@Joegreen-r1ioverpaying ceo's isn't profitable...
I wonder what his golden parachute was worth.. meanwhile the average worker goes without any pay as plants are closed.
When you produce sub-par products and jack up the prices well beyond what their worth, this is what happens..
Bad wire harnesses & brakes going out! Too many recalls, Stellantis!
Tavares is a criminal! Shame on you while lining your pockets wirh money & letting quality & reliability of your brands slide!
40 million annual salary?? I think I see the problem…
I nominate the Electric Viking to be CEO of Stellantis.
I doubt he would want it - except the money of course.
@@paulc6766 Yes, but he would still do a much better job at it.
No. Stellantis CEO should be more conservative than him. Maybe nominating OCMotivator, RacerX, TK's Garage, Scotty Kilmer, MGUY Australia, China Observer, etc., sorry to example their names, I means any pro-CDJR channel, any pro-fuel car channel or any oppose-EV channel.
It,s too late, the electric Viking cannot save Stellantis now.
They don't want Electric Viking, they want a puppet who will share the 40 M dollar pie.
Lots of 50k plus gas trucks sitting around for as much as two years on dealer lots in the US.
And lots of ev's rotting on lots as well
@@kenneth9874 Bullshit. Worldwide EV sales are up by +30% compared to last year.
@@kenneth9874exactly, no one wants ANYTHING from Stellantis, frigging VW and Hyundai have better EVs lol
Worldwide EV sales are dominated by China.
Thanks
Welcome
He was earning a fortune for failure.
I will not exclude the Sharholders also from prioritizing short term profit , the CEO Job is to respect the input of the Board in terms of Profitability they set the objectives together, the CEO in all corporates gets fired because part of his Job is being a fuse ….
To be honest, the brands mentioned hasn't got much credibility as a reliable car and are very expensive to service/own.
1.2 puretech... timing belt. Nuff said!
Long overdue.
Carlos absolute clown
Not really got paid $40 million, he made a fortune
Why on earth did it take so long for them to fire him? He's flip flopped on EVs, clearly flailing around and clueless for the past five years. Now it's probably too late to save the company.
He is actually a success as far as EV's is concerned. Pls check ur facts than expose ignorance.
Er hat zu viele Elektrofahrzeuge. Der Kunde kauft zu wenig Elektrofahrzeuge.
Why must it take $40m pa to run a company, however big?
Like, they couldn’t find someone capable to do it for a mere, say, $20m?
Who makes up these crazy numbers?
And when the shop floor workers want a couple more % a year and they’re “greedy”.
Western public need to pressure their politicians to enact new laws laying out how to remunerate CEO,s.
Even before starting their first day of work they already know how much salary, bonus and share options they have before the shareholders even see how they perform on the job. If the performance at the end of their term is good then yes give them a bonus, but if it is poor then only salary should be paid and no pension ,medical aid or other benefits should be allowed at the expense of shareholders.
It is difficult to understand how a great brand can be destroyed so quickly. But given the fuel economy regulations and rediculous EV regulations vomited out by the gubment, and the cost of compliance, it can be put in perspective. All the big US car makers are on the same path.
Die Emissionsvorschriften der Regierung, vor allem der EU zerstören die eigene Industrie , denn Rest erledigt die Inflation. Ich habe das Gefühl in den Regierungen sitzen Chinesen und Russen , die uns zerstören wollen !
Rettet die westliche Autoindustrie
Imagine getting paid tens of millions of dollars for ruining the brand or the company. Thats basically the story of most legacy brand CEOs, getting paid for warming up the chairs
You haven't paid a single thought to this comment really, have you?
Rich people. They own the whole world now. The lowest 50% may as well die off. The car industry was built on middle class sales, and now we are... not middle, yet not ignorant and poor.
Who is worst Mary Barra. Or Carlos???
Close call…both grossly overpaid liars!
Yes!
I've said it before and I'll say it again - Stellantis put the wrong Carlos in charge of the company.
Curious. Who is the right Carlos then? Carlos Ghosn, who was sacked by Nissan? Or Carlos Tevez, the Argentinian striker?
@@alihms Carlos Ghosn was a shady person, but which CEO isn't? Put that aside, Nissan hired Ghosn to get Nissan out of a huge mess, and he did.
They fired him, and Nissan fell back into the mess they hired Ghosn fixed.
Boggles my mind who would put their money down on the junk Stellantis sells
Displeasure of dealers was a reason to fire the CEO, who were overcharging above MRSP. Wow, wonder who is the biggest crook 😂😂😂😂
Carlos Tavares rebuilt Peugeot/Citroen (PSA) and brought back Opel from the dead. His error was touching the FCA part to become Stellantis. Chrysler is worthless and FIAT not much better. The French should push to split the company or it will take everything with them.
Spot on! 👍
They want close to $100k for the Jeep Wagoneer. That is insanely over-priced. I'd pay $50-$60k for it.
Almost a repeat of the mistakes made in the UK with British Leyland. Take a number of failing car companies, this time with the complication of them being in different countries and different continents, unite them under one heading, and expect them to make profits. Guaranteed recipe for disaster every time.
CEOs and the Share market are hard wired for short term thinking. This fate is already locked in for many large legacy companies- not just automotive.
I've never shorted a stock before. Maybe I should try that now. What's the ticker?
Filling his own pockets. How big is his mega yacht?
The Board decides his pay package, not him….he was shameless and greedy enough to grab all he could!
Anyone would take it when they shower with this kind of money.
I’m all in on XAI735x after seeing your analysis! This could be a game changer!
The NEW Stellantis CEO may be a game changer!
The top executive not working for the best interests of the company usually results in being fired, except in politics...
Here in the UK we have a special place for politicians like that. It’s called the House of Lords.
@@229andymonAin’t that the truth!
Chrysler -- no matter who owns it -- has made such garbage for decades, that I don't understand why anyone buys one at all. They were decent vehicles until about the mid 1970s.
100k trucks for sale, ridiculous.
Next up? Mary?
Stay tuned! 😆
This company has never had any real credibility with it not being hard to see it. Very short term momentum is no safety measure for your future especially when it is just a collection of seriously failing businesses come together to share production costs to minimise spending against hoped for new sales that aren’t there for these weak brands of some time.
In 2012, I paid $114,800 for my house in southeastern Indiana. Now, the HUNDRED GRAND WAGONEER costs even more than that !!! Right after prices increased because of Covid-19, "they" decided to continue selling few units with a high profit on each unit. I'm sorry union jobs will be lost in any bankruptcy, but they were paid well. The members are responsible to their households to plan for any future unemployment.
Thank you for everything Sam ❤
The board needs to go right along with him. FCA was awful and started this trimming and Stella kept it going. Think about it.
Very interesting - Thank you.
According to all the media outlets including here in the UK car magazines he was not fired but quit
He did not quit we all know this is not how the corporate world acts.... 😂
When the whole group is unresponsive, and then mutiny’s - it’s about as strong and singular message as happens. Hopefully the Board has a few visionary members that can pick a new (perhaps unknown) leader.
Sam, I am a fan
You are always welcome in Texas
Just joined something, so I am a member. I am not a joiner, but you earn your keep
Big thanks
Make a good 2- 3 person basic body on frame gas/diesel truck for $20K or less, with no frills - but the option to upgrade (Hitch, smart features...) , Make a high-quality commuter electric motorcycle (Moped+) made in the U.S. for $1K or less, Make an updated pure electric Viper, Prowler, Copperhead as a Plad killer if you must be pure electric, and the world is your oyster.
The irony is that it doesn't matter if the board fired him, or he resigned: the people that control/influence the company the most (board and shareholders) are too obsessed over next term profits, and not making an actual quality product. The sad thing is: the bar right now is really low, because ALL the other manufacturers are doing the same thing.
If you build a quality product, you barely need to market: your customers will do it for you.
The prices have exploded, while the quality of EVERYTHING in the stellantis brand has gone down. They've been operating on borrowed time as people can't afford to buy their garbage anymore.
The Board are to blame. The CEO merely picks the route, and the Board can support the skipper's choice or not.
Firing Tavaras is like saying if Kamala had gone onto Joe Rogan podcast then she could have won pffft.😅
Always one of these wankers in every comment section. You f'ers are utterly exhausting.
If she had gone on the Joe Rogan podcast and had a meh interview where she was at least personable, that would have swung around 500,000 votes. Harris' problems are numerous, but the biggest one is so many Americans see her as a fake human being.
@@patrickproctor3462
And those same Americans didn't see the other person as fake.😂
Trump loves the gullible, the uneducated, the racists and the billionaires.
Treasonous traitorous Trump, the fascist felonious chump.
Morons
Are
Giant
A..holes.
@@patrickproctor3462yeah, but even if she did go on, not possible for her to be personable. She came off ask fake because she is, kinda like Stellantis' attempt at EVs lol
If US investment houses and banks are influentual in the outcome - they are just as knowledgeable as those that haven't seen through the Tesla smokescreen. No potential American CEO understands the foreign auto markets.
What Tesla smokescreen? Tesla has the best selling car in the world. The only thing European executives know how to do is raise prices and make their logo bigger.
@WillieFungo BYD
@@WillieFungoJust another trolling FUD merchant!
Resigned - yeah right! 😂 How this guy was able to stay for so long is a total mystery. In most US companies, someone with his performance would have been gone BEFORE the first earnings call reporting a loss. There was some next level shenanigans going on at Stellantis.
Successful car companies were managed by people who came up thru the ranks and knew the company and the car industry
That was Carlos Tavares, but his thinking was shaped so much by the other Carlos, and possibly Jack Welch.
The board chose to pay the guy 40 million. The real criminal is not the CEO it's the board.
Almost as bad as the Budweiser fiasco. Know your customers!
It’s about damn time he was FIRED!!
The company cannot use the term ‘fired’ openly without the risk of a lawsuit.
Tavares had a difficult job at Stellantis. Its US Ram trucks and Jeeps four have little or no appeal in Europe. Likewise European models from Fiat, Peugeot and Vauxhall have little appeal in the US. So a global car company without a global car model. In Europe Stallantis is selling hundreds of thousands of EVs and few if any in the US. Fortunately for Stellantis it has very little exposure in China so is avoiding the melt down in sales that others are experiencing in that market. The difficulty of maintaining profits is one that afflicts the entire industry.
Stellantis is trying to sell Jeep for $80k
The haven’t lowered car prices. They rather let them rust.
Bout time.
I like electric vehicles but Stellantis has to be the textbook example of exactly how NOT to approach them.
I know at least eight friends and family members who are holding off on buying new cars because they don’t want an electric vehicle. They plan to keep driving their petrol or diesel cars until they no longer run. I’m sure many others are in a similar position, delaying the replacement or upgrade of their internal combustion engine vehicles.
WhenEVer a dysruption occurs, some people lag - my revivifier’s brother brags, “I won’t buy an iPhone!” As if Any Body cares…
MILLIONS of us are in the same position. I just put a new thermostat in my third-gen (00-02) plastic Saturn SL2 last week. I own two. I'll drive them as long as I possibly can.
I don't know if you are aware: The Australian Government has just announced Stellantis will be saved, they have just signed an AUD$1Tillion (US$ 0.50) to replace the Collins Class submarines, why, because Stellantis is going to dive deeper than any submarine ever has.
To little too late already Bud Lighted - Harley Davidsoned - John Deered it. Killed the Hemi - and thus Challenger, Charger and Jeeps. Fiat ain't going to re-design them for the next generation. Heck it was designed under Benz and still had issues. Who doesn't think their electrics aren't going to die after 50 K (if not catch fire...) ?
The Puretech engine fiasco management in Europe summed up his demise.
I think many of Stellantis' brands would do better independently than being in a mega conglomerate. Stellantis' kills its own brands by killing creativity and innovation. Jeep now sucks, as FIAT with the exception of Brazil. Now you see a Peugeot, and it's the same as a Citroën, or a Lancia.
In Spanish we call it Pudretech, which it would translate to something like: F..U..tech
I am in the UK . Here it is PureCrap by the garage mechanics.
@@adriansmith4634 like the ford ecobooms…dreadful wet belt designs. At least PSA changed to a chain eventually.
Hi Sam. It would be great if you’d put the link to the source of the information you present in the video description. For example, where did you see reported that Carlos Tavares was fired? you might be right saying he did, but without a confirmation, it’s still mere speculation. Anyway, thanks for videos and have a great day!
In all fairness to this disastrous CEO, Its almost impossible to manage a pile of the worst brands successfully. All the car brands under Stellantis are know for being the worst quality/reliability on the market. They should start paying attention to their bad products rather than the top execs.
But that's the thing. Dodge with V8 was a great deal for a long time - just make it ultra reliable. RAM as well. And those cars seriously have to stop to rust. That's what a lot of people want. A good, reliable, fun and reasonably priced car.
you have no understanding stellaris MADE them that way!
He COMPLETED his MISSION!!! 😑
Is the Stalantis board getting the learnings of Boeing?
Stallentis Just have been Dumping their over valued n over produced cars at their dealers n NOTHING ELSE
"Electric Muscle cars,performance cars now forever a pipe dream."
I'll never buy a Stellantis vehicle. I have a Chevrolet that was an Opel product, it's less than 10 years old. Can't get clutch parts, will have to scrap if something breaks (again). Stellantis has ended parts support for it in fact if not officially. Oh... doubtful I'll buy another GM too.
Chevrolet is a zombie company, nobody mentions it's vehicles anymore and somehow it is still alive
Chinese cars. Much better. 🐼 🇨🇳
Try getting parts for a 3yr-old Hellcat…
Stellantis needs to build customer confidence again! Engineer & promote RELIABILITY now & hopefully Stellantis can recover!
Wonder what this means for Dodge?
When so many of stellantis’s cars were at the top of charts for days on dealer lots, you know there was BS all around. Every company makes mistakes. But the question is what have they done right?
It's the board who decide on the CEO's incentives.... CEO does whatever gets him his next bonus, screw the long term.
its going to be a huge task to try and save the company
Either way I'm sure he got a really really good severence payout.
Committee do not work, decisions take too long.
it is a weird consolidation of very famous brands, and he is showing them in the video.
Good work Sam
Thanks!
My guess is John Elkan is in the driver's seat. The Agnelli family always come out on top.