News Details

Ferrari big boss Marchionne earns $170,000 per day income

The highest paid figure in the Formula 1 paddock is not a driver or even a team owner… Publishing a list of Italy's highest paid managers, La Repubblica reports that Sergio Marchionne, the Ferrari and Fiat president, made an incredible EUR 54.5 million in 2015. That is over $60 million, or nearly $170,000 per day. The report said the bulk of Marchionne's income was not his salaries as CEO and presidents of the various concerns, but rather lucrative bonuses as rewards for strong budgetary outcomes at the various companies for whom he works. Related News Montezemolo: Ferrari new guard have been lucky Arrivabene: Would you agree to a pay cut in favour of a colleague? Piero Ferrari: I...
Full Story »
8y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Alfa Romeo could be the next big name on the F1 grid...

Alfa Romeo could be the next big name on the F1 grid – Marchionne...
8y ago from ThisIsF1.com

Marchionne: When Ecclestone goes we will have to build...

Formula 1 needs to be looking ahead to the post-Bernie Ecclestone...
8y ago from GrandPrix247.com

Marchionne: Mercedes are feeling the pressure

Ferrari and Fiat president Sergio Marchionne says the 2016 Formula 1...
8y ago from GrandPrix247.com

F1 must look beyond Ecclestone era – Marchionne

F1 must look beyond Ecclestone era – Marchionne Formula 1 needs to...
8y ago from ThisIsF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Radio troubles hindered Scott Dixon’s strategy in...

Scott Dixon finished in second place for the opening round of IndyCar’s...

IndyCar St. Petersburg – Race Results

The first race of the 2025 NTT IndyCar Series season took place on Sunday...
19h ago from MotorsportWeek.c...

Popular On TotalWRC.com

WRC drivers follow F1 in statement to FIA president

World Rally Championship drivers have penned a strongly-worded statement...

Popular On GunnersToday.com

Arsenal transfer news: Gunners 'yet to begin contract...

Arsenal are reportedly yet to open contract negotiations with a midfielder...
34m ago from SportsMole.co.uk

5 Arsenal first teamers set to leave for free as thin...

Arsenal are heading towards a significant summer of change, with five...
1h ago from FreshArsenal.com

Bonus Podcast! Champions League preview pod: PSV away

Welcome to another episode of the Arsecast – the Arsenal podcast....
1h ago from Arseblog.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.