On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
80° Feels Like: 81°
Wind: N 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 79°

Tonight

Partly Cloudy 58°

Tomorrow

Partly Cloudy 79°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Chrysler Group CEO Marchionne compensation announced

by
Chrysler Group Chairman and CEO Sergio Marchionne addresses the audience during a news conference at the Chrysler Mack I Engine Plant to ann
Chrysler Group Chairman and CEO Sergio Marchionne addresses the audience during a news conference at the Chrysler Mack I Engine Plant to ann

AUBURN HILLS (WKZO) -- Chrysler Group CEO Sergio Marchionne was paid more than 1.2-million dollars in 2012.

The compensation was in the form of stock option awards Marchionne received as Chairman of the Board, according to the annual financial report released by the automaker.  Marchionne does not receive any cash from Chrysler but has a salary from Fiat where he serves as CEO and Chairman of the Board.

Other Chrysler executives' pay was also revealed including cash bonuses for the first time since the automaker emerged from bankruptcy.

Comments