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FCA CEO Sergio Marchionne’s voting stake in the carmaker has increased to nearly 1% thanks to a stock grant.
According to a reports from Il Sole 24 Oro and Reuters based on company filings with the Dutch government, the 2.3 million shares he received as the final installment of a 2012 compensation plan brings his total stake to 14.4 million shares.
Marchionne was already one FCA’s largest individual shareholders.
At Thursday’s closing price of $15.47, the latest addition to Marchionne’s nest egg was worth nearly $35.6 million. His total FCA stake is currently valued at $222.8 million.
The new shares also will give Marchionne a larger say in Ferrari as his holdings won’t be diluted when the brand is spun … (full article) Read the rest...
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According to a reports from Il Sole 24 Oro and Reuters based on company filings with the Dutch government, the 2.3 million shares he received as the final installment of a 2012 compensation plan brings his total stake to 14.4 million shares.
Marchionne was already one FCA’s largest individual shareholders.
At Thursday’s closing price of $15.47, the latest addition to Marchionne’s nest egg was worth nearly $35.6 million. His total FCA stake is currently valued at $222.8 million.
The new shares also will give Marchionne a larger say in Ferrari as his holdings won’t be diluted when the brand is spun … (full article) Read the rest...
More...