Chrysler has filed its annual financial report with the Security and Exchange Commission, and a few important tidbits have thus been revealed. For instance, company CEO Sergio Marchionne was paid exactly zero dollars last year in compensation for the role he played in rescuing Chrysler from the clutches of bankruptcy.

It's important to note that Chrysler is no longer under restrictions from the U.S. government when it comes to executive pay since the Treasury has sold its entire stake in Chrysler. Still, Chrysler voluntarily decided to limit the compensation of some top executives. Marchionne did receive $4.5 million from Fiat, the Italian automaker he guided in its acquisition of Chrysler in 2009.

Up for an interesting exercise? Contrast Marchionne's total compensation with that of rival CEO Alan Mulally from Ford. Mulally received $58.3 million in company stock in 2011, in addition to whatever he is paid in salary as CEO. Of course, Ford did not accept any bailout assistance from the government and was therefore never under any compensation restrictions, but that's still a heck of a lot of money.


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    • 1 Second Ago
  • 58 Comments
      turbomonkey2k
      • 2 Years Ago
      Oh, and what's with Marchionne doing Bob King's Cornholio pose?
      omgcool
      • 2 Years Ago
      I respect this man. I may just be a university student at this point (though a fairly conservative one), but if I were the CEO of a firm, I imagine I would take comparatively little money for personal use and invest the difference in my enterprise and its workers.
        Eric G
        • 2 Years Ago
        @omgcool
        Exactly. And for CEOs like these men, little money can still mean millions. Easily in the 1% while personally investing back into your company.
      billfrombuckhead
      • 2 Years Ago
      I wouldn't trade Marchionne for Mulally, Ghosn, Bernhard and Romney combined. Sergio will fix Alfa before Mulally fixes Lincoln.
      styxmiko
      • 2 Years Ago
      hey Ab, your title is incorrect. Marchionne refused to accept payment from Chrysler. Get it right when you report the news
      fred schumacher
      • 2 Years Ago
      Boy, the sour grapes just keep going on and on. I guess there's nothing Chrysler, Fiat, or Marchionne can do that will satisfy the autoblog community.
      Scott West
      • 2 Years Ago
      Not even a demo car???
        Dave
        • 2 Years Ago
        @Scott West
        Well, somebody had to drive a Caliber.
      Luc Helterbrand
      • 2 Years Ago
      I have to consider NOT purchasing a Ford in the future...that sort of pay could be used to lower the costs of their products. No one is worth that amount of money. and HE didn't do this saving of Ford on his own..nor did all the executives. It is one of the issues with the 1% of this nation...all the credit for the good times...and none of the blame for the bad.
        SloopJohnB
        • 2 Years Ago
        @Luc Helterbrand
        Not likely. Divide Mullally's pay by the number of cars Ford produces and come back.
        • 2 Years Ago
        @Luc Helterbrand
        [blocked]
          Xedicon
          • 2 Years Ago
          Finally someone who understands the insane pressure and consequences of this type of job. If most people were honest with themselves they'd realize that they couldn't do it. "Okay so, if you make the wrong decision here, the company will lose billions, thousands of good people will lose their jobs and likely their homes, and the company could possibly go under. You got this right?" I know I'm not up for that.
        • 2 Years Ago
        @Luc Helterbrand
        [blocked]
        redgpgtp97
        • 2 Years Ago
        @Luc Helterbrand
        Go right ahead sir and deprive yourself of a new car and I am 100% sure that the Ford executives will see this and IMMEDIATELY schedule a meeting to retract the reward Mually received for saving the beleagered company from collapse.
        juggernaught4136
        • 2 Years Ago
        @Luc Helterbrand
        Then you should also consider Not purchasing from GM or Chrysler because they spend way more money then Ford does on advertising their products instead of innovating there products. For example what adds did you see at theis years superbowl? Let your product do the talking/sales not special commercial advertisments.
          • 2 Years Ago
          @juggernaught4136
          [blocked]
        Xedicon
        • 2 Years Ago
        @Luc Helterbrand
        Mulally's pay wouldn't even scratch the surface of the cost to retool a production plant. You clearly have no idea what it costs to make vehicles. On top of that, everyone who likes to bitch about how much money he made seems to forget he wasn't handed all that money in cash, it was almost all stocks - if Ford did badly then he would've done badly as well.
        Giorgio
        • 2 Years Ago
        @Luc Helterbrand
        Apart from the not buying Ford part, I agree on all the important bits of your post. People who think otherwise worry me the most, as they're probably the kind of people that could be perfectly ok enjoying and wasting stupid amounts of money while people around the world maybe not far away from them struggle, at best. And the other one here commenting he would take it and donate 10% ...as a rich man you'd seem to be able to cleanse your conscience real cheap.
      Herman
      • 2 Years Ago
      Chrysler is a sub-brand of FIAT, just like Jeep, RAM, Alpha... FIAT pays him to manage all those brands.
        lostboyz
        • 2 Years Ago
        @Herman
        False. Chrysler Group LLC is a subsidiary of Fiat SpA. Sergio is the CEO of both Chrysler and Fiat, he is taking no pay check from Chrysler. Also, it's alfa (alfa romeo) and not alpha.
      Jared East
      • 2 Years Ago
      This is dumb he was pains by Fait they own Chrysler. There should be a story about how lincoln paid Mulally nothing too !
        frost54661
        • 2 Years Ago
        @Jared East
        Do your homework. They are a majority shareholder of the company. Fiat does not "own" Chrysler. I guess Ford "owned" Mazda at one point too right?
          LBJAY02
          • 2 Years Ago
          @frost54661
          Ford was never the majority shareholder in Mazda. Under Japan's corporate law they held the "controlling interest" in Mazda. Mazda did whatever Ford told it to do.
        Jared East
        • 2 Years Ago
        @Jared East
        paid
      turbomonkey2k
      • 2 Years Ago
      Given Ford's current status is there any doubt that Mulally deserves the compensation he negotiated? Ford chose a rockstar CEO and paid the going rate. Based on how he captained the Ford ship through recent stormy weather I'd say Ford got it's money's worth.
      Dean Hammond
      • 2 Years Ago
      nice twist...0 from Chrysler...must have been difficult to survive on the 4.5 mill from Fiat......oh the PR train doesnt stop, my guess, hell make a tad more in 2012......smoke and mirrors....
        Jules
        • 2 Years Ago
        @Dean Hammond
        I'm sorry, what exactly is the issue for you here? Last time I checked, Chrysler's last couple owners were in the business only to bleed the company dry of cash. Of COURSE Marchionne gets some sort of compensation from somewhere, he's one of the best CEOs in the industry! The news here is that FIAT obviously doesn't see Chrysler as a cash cow, but as a strategic investment.
          Nemebean
          • 2 Years Ago
          @Jules
          Show me another CEO who took a company with nothing but bottom-of-the-barrel products, and in the course of a couple of years made their new ones at or near the top of the class in pretty much every case. Even most of the mid-cycle refreshes are at least competitive now. There are plenty of other companies producing good cars now, but none of them started in as bad a shape as Chrysler. I suppose if someone could bring Saab back from the brink I could put them ahead of Marchionne. :-)
          • 2 Years Ago
          @Jules
          [blocked]
          Luke
          • 2 Years Ago
          @Jules
          Feller named Mullaly. Allan Mullaly. Google it.
        frost54661
        • 2 Years Ago
        @Dean Hammond
        Where's the twist? Fiat does not flat out "own" Chrysler. Fiat is a majority shareholder in the company with 58.5%, and the UAW has the other portion which is 41.5%.
        AMG THIS
        • 2 Years Ago
        @Dean Hammond
        No twist, Mulally has done good, but not 56 million good. Thats just flat out insane..and what did he do, really? Re-financed their plants for operating capital, sold off poor performing assets and came out with better product. A community college business stident could figure that out..didn't need to be a capitalist Boeing engineer.
          • 2 Years Ago
          @AMG THIS
          [blocked]
          Tiberius1701
          • 2 Years Ago
          @AMG THIS
          You cannot be more wrong, he assembled an incredible management team, broke down years of imbedded fiefdoms, literally and fundamentally transforming (from your capitalist crack, I bet you love those two words used together) Ford Motor Company. Made the change to the successful "One Ford" product strategy without needing to ask for bailouts. Do a little bit of research into his history at Boeing and maybe you might (but I doubt it) have your mind changed.
      AMG THIS
      • 2 Years Ago
      He drives a black/black 2012 Charger SRT8....at least when he's in the states.
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