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.