Ferrari big boss Marchionne earns $170,000 per day

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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 which amounts to over $60 million, or nearly $170,000 per day for his efforts.

Marchionne fills the official roles as CEO of Fiat Chrysler Automobiles and FCA Italy S.p.A, Chairman of Ferrari, Chairman and CEO of Chrysler Group LLC, Chairman of Fiat Industrial S.p.A, Chairman of CNH,
Chairman of Swiss-based Société Générale de Surveillance (SGS).

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.