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Marchionne collects US$36M in stock for strong company returns [Business News Network (BNN) Energy & Resources (Canada)]

Ferrari N.V. Common Shares (RACE) 
Last ferrari n.v. common shares earnings: 2/4 05:58 am Check Earnings Report
US:NYSE Investor Relations: corporate.ferrari.com/en/investors
Marchionne collects US$36M in stock for strong company returns Fiat Chrysler boss Sergio Marchionne delivered the best returns among his automaker-chief peers the last few years. He was compensated handsomely as a result. Marchionne earned 9.68 million euros (US$12 million) in base compensation and bonus during 2017, according to the Italian-American automaker’s annual report filed Tuesday. He also collected stock valued at about US$36 million at the March 2017 vesting date of the grant, which covered the three previous years. The dramatic rise in Fiat Chrysler’s stock has had a multiplier effect on Marchionne’s wealth, putting the 65-year-old executive in the ranks of the mega-wealthy who typically found and own companies, not those hired to run them. Marchionne owns Fiat Chrysler shares now worth about US$362 million, along with US$190 million of Ferrari NV and US$169 million of truck-and-tractor maker CNH Industrial NV. Marchionne, who is credited with saving Fiat in the mid-2000s, Show less Read more
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