Remember when we told you that Sergio Marchionne didn't receive a paycheck from Chrysler during 2011? As it turns out, it's because he was busy raking in the big bucks from Fiat.

Automotive News reports that Marchionne earned 14.5 million euros ($19 million U.S.) in 2011. The pay includes seven million shares of Fiat stock, which can be exercised between 2012 and 2015, plus a base salary of 2.45 million euros ($3.2 million U.S.).

That's a lot of money for the vast majority of us, but the Chrysler/Fiat CEO is being paid close to what all the other successful chief executives are receiving. The most direct comparison (since both companies are based out of Europe) is Volkswagen CEO Martin Winterkorn, who made 17.5 million euro ($23 million U.S.) in 2011. Given that VW made $20.5 billion in 2011, we're thinking Winterkorn has a good argument for saying he's worth the extra $4M.


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    • 1 Second Ago
  • 20 Comments
      Basil Exposition
      • 2 Years Ago
      "Remember when we told you that Sergio Marchionne didn't receive a paycheck from Chrysler during 2011? As it turns out, it's because he was busy raking in the big bucks from Fiat." Did you just figure this out?
      guyverfanboy
      • 2 Years Ago
      Worth every penn... er, Euro.
      MotorworldHype
      • 2 Years Ago
      He must drive the most baller Fiat 500 ever.
      Sorten Borten
      • 2 Years Ago
      "Remember when we told you that Sergio Marchionne didn't receive a paycheck from Chrysler during 2011?" Unless you were born yesterday or are critically naive, you already know that CEOs ALWAYS get paid. He'll get several million dollars the day the board decides he's incompetent and fire him.
      David
      • 2 Years Ago
      Small money compared to the average American CEOs of similar sized companies...
      Soul Shinobi
      • 2 Years Ago
      Yet this is what he dresses in? The same black sweater day-in and day-out.
      Rick
      • 2 Years Ago
      Excellent car business guy. The results speak for themselves.
      Lost Planet
      • 2 Years Ago
      18.9M more than what he is worth.... Just look what he did to Lancia. Bah!
      Drew
      • 2 Years Ago
      Fiat's holding in Chrysler is 53.5%. UAW retiree trust fund is the only remaining shareholder with a 44.7% stake. The 500 is made in Mexico. Nice US bail out (second time)
      • 2 Years Ago
      [blocked]
      Fred
      • 2 Years Ago
      He is still charging2 times the value of the cars maid in mexico and brasil that is why we do not have any in latin america fred
      • 2 Years Ago
      [blocked]
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