Fiat Paid $4.8 Million to Marchionne in 2010

Sergio Marchionne, currently serving as CEO of both Fiat Group and Chrysler, received $4.8 million from the Italian company he controls, which is 27 percent less than in 2009. The reason for the decrease is, according to a report by the Detroit Free Press, the fact that Marchionne has received no bonus or incentive pay beyond his base salary.

The Italian who brought Fiat back in the United States has a base salary of $4.2 million, the aforementioned source notes, which is the same as in the year before. However, at the end of 2009, Marchionne's paycheck indicated no less than $6.5 million, a 41 percent increase as compared to the year before.

In 2008, he received a 1.38 million Euros bonus and extra fees worth 387,400 Euros, which brought the total amount of money received by Marchionne to 3.4 million Euros. This year however, the only extra fee he got was $584,000 as a result of his executive duties in Switzerland, the source noted.

Besides bringing Chrysler back on track, Marchionne is also planning to relaunch the Alfa Romeo brand in the United States, while Volkswagen insists that the Italian brand would perform better under its ownership. Marchionne recently hit at the VW boss, emphasizing that the Germans should focus on their own SEAT brand, rather than trying to take over the iconic Alfa.

"As long as I am CEO of Chrysler and Fiat, Mr. Piech will never have Alfa Romeo. It's hands-off. I told him. I will call him and I will email him," Marchionne said according to Autonews Europe. "I'm not the one who bought Seat. He's the one who bought it. I don't know if he can [fix it], but he needs to try."