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MightyMopar

(735 posts)

5. Marchionne gets $0 from Chrysler, $19M from Fiat

Wed Jan 30, 2013, 02:46 PM

Jan 2013

Marchionne gets $0 from Chrysler, $19M from Fiat

In an era of executive excess, Chrysler CEO Sergio Marchionne made headlines, earlier this month, when it was reported he took no compensation for his work at the U.S. automaker last year. That was all the more impressive compared to the news, that same day, that Ford Chief Executive Alan Mulally had received $58.3 million in stock alone for 2011.

But for those wondering how deeply Marchionne might have to dig into his pockets to cover the reported $3.5 million home he recently purchased in the Detroit suburbs there’s no reason to worry. While he didn’t get money from Chrysler he did more than okay wearing his other hat, as CEO of the U.S. maker’s Italian partner Fiat.

http://www.nbcnews.com/business/marchionne-gets-0-chrysler-19m-fiat-456123

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Highlight:

Chrysler's $1.7 billion profit nets workers $2,250 bonuses [View all] Bozita Jan 2013 OP

Would have been nice if that would have been a requirement for the bank bailouts, too ... Myrina Jan 2013 #1

They'll just blow it like they do all their money ... Scuba Jan 2013 #2

You mean it's not going to all go to 5 execs? What a novel idea! nt valerief Jan 2013 #3

The CEO probably modrepub Jan 2013 #4

Marchionne gets $0 from Chrysler, $19M from Fiat MightyMopar Jan 2013 #5

nice samsingh Jan 2013 #6