Marchionne Gets $54 Million in Pay and Perks for Year He Died
- Late Fiat Chrysler CEO was granted long-term pay award
- Successor Mike Manley’s target compensation set at $14 million
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Fiat Chrysler Automobile NV’s late Chief Executive Officer Sergio Marchionne received a total of $54 million in cash compensation, perks and shares in 2018, the year of his sudden death.
About $42 million of Marchionne’s haul came from 2.8 million shares granted under a long-term award that was linked to performance metrics spanning several years. He also was paid a $5.2 million bonus for 2017, and $2.3 million in salary. He didn’t receive a bonus for last year. Fiat Chrysler also paid about $5 million for Marchionne’s insurance premiums, tax preparation and tax equalization.