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What’s a CEO Worth? Detroit Exec’s Pay Varies Wildly

Chrysler’s Marchionne at the bottom of the list – but Fiat earnings could help out.

by on Mar.07, 2014

Sergio Marchionne, FCA CEO, received a paltry salary from Chrysler last year compared with his CEO counterparts Alan Mulally and Mary Barra.

Despite managing a major turnaround of both Fiat and Chrysler – and the recent merger of the two companies, Sergio Marchionne took home a relatively modest $307,989 in compensation from the U.S. maker last year – barely 1% of what Alan Mulally, the CEO of rival Ford Motor Co., took home in stock alone.

In fact, Marchionne actually earned less than four other executives at Chrysler. And unless the newly merged Fiat Chrysler Automobiles, or FCA, ups the ante, Marchionne won’t do much better when compared to Mary Barra, General Motors’ new CEO, who is expected to earn $14.4 million for 2014.

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Barra’s proposed compensation package was revealed last month after GM scrambled to offset a backlash from earlier reports suggesting the company’s first female CEO would get less pay than the man she replaced. Meanwhile, Ford and Chrysler are just releasing their own top management pay numbers as part of their annual filings with the SEC. (more…)

Ford CEO Mulally Pay Dips to Just $21 Mil

Exec credited with saving Ford drew $30 mil year before.

by on Mar.15, 2013

Ford CEO Alan Mulally.

Compared to his counterpart at General Motors, Alan Mulally was a well-paid man last year, taking home $21 million as part of a package including salary, bonuses and stock options. But the Ford Motor Co. CEO nonetheless saw his compensation dip from the $29.5 million he made in 2011.

Given much of the credit for helping save the second-largest of the domestic makers – and helping it steer through the Great Recession without the federal bailouts taken by cross-town rivals GM and Chrysler, Mulally has still been rewarded handsomely since leaving Boeing in 2006, Ford financial statements pegging his total earnings at $169.3 million.

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Mulally’s 2012 earnings were disclosed in Ford’s latest proxy statement. It shows he got the same $2 million salary as the year before, but stock options fell from $21.4 million to $14.3 million, while the exec’s bonuses tumbled from $5.5 million to $3.95 million.


Marchionne Takes Home $0 from Chrysler – but $18.9 mil from Fiat

The night job pays off.

by on Mar.15, 2012

Why is this man smiling? An $18.9 million paycheck certainly helps.

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.

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In all, Marchionne took home 14.5 million Euros, or $18.9 million,  last year, including $3.2 million in salary and another $15.69 million in stock that vested last year.  Major companies like Ford and Fiat like to use stock as an incentive, the argument being that with enough shares an executive like Marchionne or Mulally will be motivated to maximize investor value.


Mulally Makes Millions – Marchionne Zip – for 2011

Ford exec not limited by government oversight.

by on Mar.07, 2012

Ford CEO Alan Mulally had a good pay day this week.

Ford Motor Co. has clearly benefited from the fact that it was the only Detroit automaker to skip a government bailout.  So has its CEO Alan Mulally, who received a whopping $58.3 million in stock as part of a long-term incentive package.

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Many analysts believe Ford has drawn in a sizable number of customers willing to reward it for finding its own way through the industry’s worst downturn in decades – unlike its cross-town rivals.  But there was another penalty for taking government aid totaling around $85 billion during 2008 and 2009, the companies covered by the federal automotive bailout face strict limits on the compensation senior executive can make without Washington’s approval.


Chrysler Chief Marchionne Working for Free – Well, Not Quite…

CEO taking no pay from Chrysler…but he’s not going broke.

by on Mar.01, 2011

Would he change sweaters if he were getting paid more?

Zero. That’s how much money Sergio Marchionne received while serving as the chief executive officer of the Chrysler Group in 2010, according to a new filing with the Securities Exchange Commission.

But the CEO isn’t going broke or doing it as a charitable write-off.  Marchionne was granted 361,446 shares of Chrysler shares tentatively valued at $600,000 for his year of work. The Canadian-educated executive also received $4.8 million from Chrysler’s Italian partner, Fiat, in 2010 — which is about 27% less than he made in 2009.

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Chrysler reported that the compensation of four other senior executives was a bit more lucrative, up front, than for Marchionne.

Richard Palmer, Chrysler’s chief financial officer, made $500,000 salary and another $520,00 from restricted stock units and phantom share awards, while Holly Leese, Chrysler’s general counsel, was paid $455,000 plus an additional $460,750 in restricted and phantom shares, while executive vice president Nancy Rae’s package totaled $455,000 and an additional $453,000 in restricted and phantom shares.  Michael Manley, president of the Jeep brand and head of international operations, made $410,000 in salary and  $408,000 is restricted and phantom shares.