Chrysler 2003 Annual Report Download - page 188

187 Fiat S.p.A. Financial Statements at December 31, 2003
Notes to the Financial Statements
Fees paid to Directors, Statutory Auditors and Chief Operating Officers (in thousands of euros) (Article 78 of Consob Resolution
No. 11971/99)
Term Compensation Non-cash Bonuses and Other
First name and last name Office held in 2003 of office Expiration (*) for office held benefits (**) other incentives compensation
Umberto Agnelli Chairman 2/28 – 12/31 2006 1,528.3 51.3
1)
Giuseppe Morchio Chief Executive Officer 2/28 – 12/31 2006 1,062.7 83.6
2)
Angelo Benessia Director 1/1 – 12/31 2006 99.1 52.3
Luca Cordero di Montezemolo Director 2/28 – 12/31 2006 65.4 34.6 6,626.2
3)
Flavio Cotti Director 1/1 – 12/31 2006 96.1 52.3
John Philip Elkann Director 1/1 – 12/31 2006 84.1 52.3
Luca Garavoglia Director 5/13 – 12/31 2006 70.8 34.0
Franzo Grande Stevens Vice Chairman 1/1 – 2/28 2006 343.1 52.3
Director and Secretary of the Board 2/28 – 12/31 4)
Hermann Josef Lamberti Director 1/1 – 12/31 2006 78.1 52.3
Sergio Marchionne Director 5/13 – 12/31 2006 64.8 34.0
Daniel John Winteler Director 1/1 – 12/31 2006 78.1 52.3
Alessandro Barberis Chief Executive and Operating Officer 1/1 – 2/28 322.9 10.3 277.4
Vice Chairman 2/28 – 5/13 5) 6)
Paolo Fresco Chairman 1/1 – 2/28 194.1 20.3
Gabriele Galateri di Genola Director 1/1 – 4/12 17.7 13.8
Virgilio Marrone Director 1/1 – 5/13 19.3 18.4
Felix George Rohatyn Director 1/1 – 2/28 3.7 8.0
John Francis Welch Director 1/1 – 2/28 3.7 8.0
Cesare Ferrero Chairman of the Board of Statutory Auditors 1/1 – 12/31 2006 63.0 20.0
Giuseppe Camosci Statutory Auditor 5/14 – 12/31 2006 26.6
Giorgio Ferrino Statutory Auditor 1/1 – 12/31 2006 42.0
Lamberto Jona Celesia Statutory Auditor 3/1 – 5/31 15.3 104.7
(*) Year in which the Stockholders’ Meeting is convened for approval of the Annual Report, coinciding with expiration of the term of office.
(**) They include the pro-rata and pro-quota share of the insurance policy approved by the Stockholders’ Meeting and the use of means of transport for personal purposes.
1) The gross annual fee for the office of Chairman amounted to 1,750,000 euros.
2) The Chief Executive Officer’s annual gross fixed fee is 1,200,000 euros. His only variable compensation is represented by the stock option illustrated in the following table. The non-
cash benefits include the annual premium for a professional and extra-professional health insurance policy. Following the termination of his employment relationship with FIAT S.p.A.,
after four years in office he will be paid an amount in deferred quarterly installments for twenty years that, inclusive of interest at 3.5%, will be proportionate to the actual number of
years he served as CEO, but which, after ten years, may not be greater than five times his last annual fixed fee.
3) The fees for the offices held in the subsidiaries Itedi (258,000 euros) and Ferrari (6,368,000 euros), the latter inclusive of an extraordinary bonus related to the results achieved.
4) The gross annual fee for the post of Secretary amounted to 250,000 euros.
5) The fee for the office of Vice Chairman amounted to 301,000 euros. No compensation was paid for his services as Chief Executive Officer.
6) Gross fee for employment as Chief Operating Officer (167,000 euros) and compensation for his post at the subsidiary Comau (110,000 euros).