Fiat CEO Sergio Machionne Received a 41 Percent Pay Rise in 2009

Fiat’s Chief Executive Officer, Sergio Marchionne, earned $6.5 million in 2009 (4.8 million euro), a figure which can be translated into a 41 percent increase, as Bloomberg reports, citing data from the automaker’s annual report.

Marchionne, now 57 years old, achieved the figure by receiving additional payments over his 3.05 million euro salary. According to the official papers, last year he received a 1.35 million euro bonus and extra fees worth 387,400 euro. Marchionne’s salary reached 3.4… (read more)