Chrysler Chairman and CEO Sergio Marchionne received no salary or stock awards from Chrysler in 2011, the company said in is annual report, filed late Tuesday.
Marchionne, who also is CEO of Fiat, does, however, receive compensation and stock from the Italian automaker. In 2010, Marchionne received about $4.5 million in fees from Fiat, according to the company’s annual report. Fiat owns 58.5% of Chrysler.
If Chrysler had paid Marchionne in 2011, his salary and compensation would have been subject to review by a special master appointed by U.S. Treasury. Chrysler was subject to the review because of the terms of an agreement between the automaker and the government in 2009 as part of the company’s exit from Chapter 11 bankruptcy.
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