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Chrysler Group CEO Marchionne compensation announced


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.