Fiat Chrysler Paid CEO Marchionne $38 Million in 2014
Fiat Chrysler CEO Sergio Marchionne earned more than $38.06 million in 2014 when all of his bonuses and compensation are included, according to an annual report published by Fiat Chrysler Automobiles Thursday, reported Detroit Free Press. An earlier version of this story said Marchionne’s total compensation for 2014 was about $7.2 million using Thursday’s currency ... Read More »
Fiat Chrysler CEO Sergio Marchionne earned more than $38.06 million in 2014 when all of his bonuses and compensation are included, according to an annual report published by Fiat Chrysler Automobiles Thursday, reported Detroit Free Press.
An earlier version of this story said Marchionne’s total compensation for 2014 was about $7.2 million using Thursday’s currency exchange rates.
The amount of Marchionne’s total compensation includes a one-time “extraordinary incentive” in the form of a $30.04 million, onetime cash bonus using currency exchange rates as of Dec. 31 that was not included in the earlier story. In addition, Marchionne was awarded a $14.6-million bonus he will get when he retires or leaves the company and 1.6 million restricted Fiat Chrysler shares as long as shareholders approve the offer at an April 16 annual meeting.
The automaker’s board of directors granted Marchionne the additional bonuses because he “was instrumental in major strategic and financial accomplishments for the group,” in 2014.
“Most notably,” the board said, “through the CEO’s vision and guidance, FCA was formed, creating enormous value for the company, its shareholders, employees and stakeholders.”
Excluding the “extraordinary bonus,” Marchionne’s total compensation was $8.03 million (6.6 million euro), according to exchange rates on Dec. 31.
His total compensation included an annual salary of about $3.04 million (2.5 million euros), a $4.86-million annual bonus (4 million euros) and other compensation valued at about $139,000 (111,000 euros), according the exchange rate as of Dec. 31, 2014.
Marchionne is no longer eligible for a separate salary for running FCA US, the company previously known as Chrysler.
His total compensation for 2014 is vastly more than the $5 million Marchionne earned for his work as CEO of Fiat in 2013.
Last year, Marchionne led Fiat and Chrysler through a complete corporate transformation as he finally brought the two automakers together.
Fiat acquired a portion of Chrysler in 2009 and became the 100% owner of the Auburn Hills automaker in 2014. Marchionne restructured the company into a single automaker registered in the Netherlands in October — the same month the automaker began trading on the New York Stock Exchange.
The automaker’s stock price has soared more than 70% to $15.24 per share since Oct. 13 when the stock closed at $8.92 during its first day of trading.
John Elkann, who is chairman of Fiat Chrysler and is the great-great-grandson of the founder of Fiat, earned a total of $2.04 million (1.68 million euros) last year.
The automaker filed its annual report with the U.S. Securities and Exchange Commission on Thursday but did not disclose the salaries of its top officers in that report.
The SEC requires publicly traded companies based in the U.S. to disclose the salaries of its top five highest paid executives.
The compensation for Marchionne and Elkann far exceeded the compensation paid to any other board members. Fiat Chrysler Automobiles separately disclosed the compensation of its board of directors in a more complete annual report filed on the company’s corporate web site.
More Industry

Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →