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SM given $47 million in stock

by David Zatz on

Sergio Marchionne small 2011Sergio Marchionne was recently awarded with 4,666,666 shares of Fiat stock, according to the company, in accordance with a vote at the shareholders’ meeting on April 4, 2012.  The shares are currently worth around $10 each, making the grant worth around $47 million.

Mr. Marchionne sold around 1.3 million of the shares to cover his tax liabilities, for a total of $13,094,400.

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304

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