Chrysler 2005 Annual Report Download - page 256

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Fiat S.p.A. Financial Statements at D ecember 31, 2005 - N otes to the Financial Statements
Fees paid to Directors, Statutory Auditors and General Managers
(in thousands of euros) (Article 78 of Consob Regulation N o. 11971/99)
Term Compensation N on-cash Bonuses and O ther
First name and last name O ffice held in 2005 of office Expiration (* ) for office held benefits (* * ) other incentives fees
In office:
Luca Cordero di Montezemolo Chairman 1/1-12/31 2006 551.2 4.3 6,484.0
1) 2)
John Elkann Vice Chairman 1/1-12/31 2006 550.0 17.1
3)
Sergio Marchionne Chief Executive O fficer 1/1-12/31 2006 2,000.0 4,648.0 351.9
4) 5)
Andrea Agnelli Director 1/1-12/31 2006 77.0
Angelo Benessia D irector 1/1-12/31 2006 98.0
Tiberto Brandolini d’Adda Director 1/1-12/31 2006 77.0
Flavio Cotti D irector 1/1-12/31 2006 80.0
Luca Garavoglia D irector 1/1-12/31 2006 92.0
Gian Maria Gros-Pietro D irector 06/23-12/31 2006 41.3
Hermann-Josef Lamberti D irector 1/1-12/31 2006 71.0
Virgilio Marrone Director 06/23-12/31 2006 41.3
6)
Vittorio Mincato D irector 06/23-12/31 2006 47.3
Pasquale Pistorio D irector 1/1-12/31 2006 92.0
Daniel John W inteler D irector 1/1-12/31 2006 92.0
7)
Mario Zibetti Director 06/23-12/31 2006 53.3 3.3
8)
Cesare Ferrero Chairman of the Board 2006 63.0 30.0
of Statutory Auditors 1/1-12/31 9)
Giuseppe Camosci Statutory Auditor 1/1-12/31 2006 42.0
Giorgio Ferrino Statutory Auditor 1/1-12/31 2006 42.0
(* ) 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 use of means of transport for personal purposes.
1) The gross annual compensation for the office of Chairman amounts to 500,000 euros.
2) Compensation for the office held in the subsidiary Ferrari inclusive of the variable portion of his compensation. Starting from the fourth year of office, the Chairman and Chief Executive O fficer of
Ferrari will accrue the right to receive the following severance package:a sum payable over twenty years, the amount of which, after ten years, may not be greater than five times the fixed portion
of his annual compensation, which in 2005 amounted to 2,742 thousand euros.The relevant accrual posted by Ferrari in 2005 amounted to 1.37 million euros. In addition, the Chairman and Chief
Executive O fficer of Ferrari was granted options for the purchase of 184,000 Ferrari shares at the price of 175 euros per share, exercisable until D ecember 31, 2010.The exercise of 80,000 of said
shares is subject to the placement of Ferrari shares on the stock market.
3) The gross annual compensation for the office of Vice Chairman amounts to 500,000 euros.
4) Variable compensation whose payment is subject to the achievement of predetermined targets related to the annual budget and which may not be greater than 2.5 times the gross annual fixed
compensation.
5) The amount includes compensation for the office held in the subsidiaries IHF (342.3 thousand euros) and Buc (9.6 thousand euros) but does not include compensation for the office held in Fiat
Auto (500 thousand euros), which he does not receive but is channelled to Fiat S.p.A. In 2005, the Company posted an accrual of 800.6 thousand euros for the Chief Executive O fficer’s severance
package.
6) Compensation channelled to IFI S.p.A.
7) Compensation channelled to IFIL Investments S.p.A
8) Compensation for the office of Statutory Auditor, held until June 8, 2005, in the subsidiary Atlanet.
9) Compensation for the office of Chairman of the Board of Statutory Auditors in Fiat Auto.