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Automated System
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Sergio Marchionne is well-known for not taking a salary from Chrysler Group but that doesn't mean he's hurting. Italian financial newspaper Il Sole 24 Oro reports Marchionne was the highest paid CEO in Italy last year with a total income of 47,901,000 euros, equal to more than $63 million. The key to Marchionne's financial windfall is that he is CEO of Fiat SpA, chairman of Fiat Industrial and an advisor to Exor, the Agnelli family's holding company. Marchionne's cash income included $5,623,216 from Fiat SpA, $3,798,368 from Fiat Industrial and $52,627 from Exor for a total of $9,474,212. In addition, he received four million shares of Fiat SpA and four million shares of Fiat Industrial worth a total of $53,548,176 (all amounts are converted from euros at current market rates). The grand total, at current exchange rates is $63,022,388. How does Marchioone's compensation stack up against his American counterparts?..

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Automated System
Joined
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2,769 Posts
Discussion Starter #2

Sergio Marchionne is well-known for not taking a salary from Chrysler Group but that doesn't mean he's hurting. Italian financial newspaper Il Sole 24 Oro reports Marchionne was the highest paid CEO in Italy last year with a total income of 47,901,000 euros, equal to more than $63 million. The key to Marchionne's financial windfall is that he is CEO of Fiat SpA, chairman of Fiat Industrial and an advisor to Exor, the Agnelli family's holding company. Marchionne's cash income included $5,623,216 from Fiat SpA, $3,798,368 from Fiat Industrial and $52,627 from Exor for a total of $9,474,212. In addition, he received four million shares of Fiat SpA and four million shares of Fiat Industrial worth a total of $53,548,176 (all amounts are converted from euros at current market rates). The grand total, at current exchange rates is $63,022,388. How does Marchioone's compensation stack up against his American counterparts?..

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