distributes Fiat CEO Sergio Marchionne compensation millionaires, the President Luca Cordero di Montezemolo and John Elkann as vice-chair of the workers and employees only cuts bonuses salaries and / or redundancy with no clear prospects for the future.
But if things do not go well for the group that still remains indebted to several million euro, for some reason the account is 'downloaded' only on the workers and managers will 'reward' so outrageous and so shameless!
course is fully justified, according to our Italian capitalism and financial system, so much so that newspapers such as ANSA and IlSole24Ore to name a few, do not bat an eyelid. These papers do not realize how the slightest proof to the blatant injustice that is consumed to the detriment of those employees FIAT and the entire country who are facing the crisis with great difficulty.
The group and its leaders should at least show a minimum of moral sensitivity to the drama of their employees and their families, but no! Proceed undeterred and cynically absurd to distribute prizes millionaires in addition to salaries already millionaires even if the group remains heavily indebted.
is simply absurd! On
REPUBLIC FIOM Cremaschi the union: "The manager highest bonus for employees premiums down by 30-40% "Gives full details and numbers.
Where is the logic here, talking about a capitalist? So the market law applies only to employees, not leaders but the same law applies! Is an unprecedented scandal that we should rebel !
Raffaele B.
REPUBLIC
unions' reactions to increases in executive compensation FiatIl Fiom secretary: "For them there is no market, but the best possible social "
Cremaschi," the manager bonus higher employee premiums down by 30-40% "
Rosario Amato
February 20, 2010
ROME - "I'm not shocked by the high fees per se, but the fact that this year bonuses for top executives of Fiat will grow by at least one third, while at the same time the premiums for employees will be reduced by 30-40 percent, and we are talking about already low figures: last year had averaged between 800 and 900 million. " A Giorgio Cremaschi, the national secretariat of the Fiom, just does not go down the news that this year, despite the recession and layoffs, top managers earning fees in excess of one-third the previous year.
In particular, the CEO Sergio Marchionne the fact that it has reached an operating profit of 1.1 billion and has taken the debt to 4.4 billion, was awarded a bonus of 1.343 million, which is added to 3.347 million received for the post held in the Group . Luca di Montezemolo will collect 5.2 million, € 550,000 of these are the remuneration for the presidency, while 4.6 million fee for the presidency include the Ferrari and the achievement of the bonus linked to the budgetary targets in Maranello. While the Vice-President John Elkann are 'only' € 631,000. In all, the top managers of the first mountain range salaries rose from 11 million in 2008 to 19 in 2009. This increase will be proposed to the shareholders in the Fiat calendar March 26.
"For some there is no market, there is the best possible social - Cremaschi bitter comments - there are no employee layoffs and cuts, and more this summer will have a reduced premium. It 's a identical situation to that of bank managers, on which were spilled but far more critical. "
The union does not accept the claim that it is hit 'result': the same Marchionne two years ago at the Festival of Economics in Trento called "the most precarious of Fiat " , arguing that was being paid much, but just based on what to get, and still likely to put all day. "For four and a half million a year is precarious happy ... let's say that you can pay the mortgage," said smiling Cremaschi.Ancora toughest course of the reaction Secretary Fiom Termini Imerese, Roberto Mastrosimone: "In two, Marchionne and Montezemolo, pocketing 10 million euro in a year, here's where it ends the sweat of the workers. Marchionne collects even a bonus of 1.3 million, the prize awarded him the Lingotto to close the factory in Termini Imerese. A metalworker has a salary of 1,200 €, but when it is redundancy, as unfortunately avviane and often did in Termini Imerese own in 2009, earns € 700.
IlSole24Ore
Marchionne Fiat increases in bonuses and approve the dividend
February 16, 2010 Increase
rights (stock grants) for the CEO of Fiat, Sergio Marchionne, following changes to incentive plan for 2009-2010 approved by the shareholders at the March 27, 2009. How to make a statement of the group, the number of rights increases the total to 12 million ... CONTINUE
ANSA
Fiat in 2009 collects Montezemolo 5.2 mln, Marchionne 4,800,000
The Elkann to 631,000 €
February 19, 15:37
MILAN - In 2009, the remuneration received by the managing director of Fiat, Sergio Marchionne, was 4.78 million euro, of which 1.35 million as a bonus. The chairman of Fiat, Luca Cordero di Montezemolo has perceived, even by virtue of the office covered in Ferrari, € 5.17 million. We read in the draft budget of the Fiat. Vice President John Elkann went to 631 000 €.
But if things do not go well for the group that still remains indebted to several million euro, for some reason the account is 'downloaded' only on the workers and managers will 'reward' so outrageous and so shameless!
course is fully justified, according to our Italian capitalism and financial system, so much so that newspapers such as ANSA and IlSole24Ore to name a few, do not bat an eyelid. These papers do not realize how the slightest proof to the blatant injustice that is consumed to the detriment of those employees FIAT and the entire country who are facing the crisis with great difficulty.
The group and its leaders should at least show a minimum of moral sensitivity to the drama of their employees and their families, but no! Proceed undeterred and cynically absurd to distribute prizes millionaires in addition to salaries already millionaires even if the group remains heavily indebted.
is simply absurd! On
REPUBLIC FIOM Cremaschi the union: "The manager highest bonus for employees premiums down by 30-40% "Gives full details and numbers.
Where is the logic here, talking about a capitalist? So the market law applies only to employees, not leaders but the same law applies! Is an unprecedented scandal that we should rebel !
Raffaele B.
REPUBLIC
unions' reactions to increases in executive compensation FiatIl Fiom secretary: "For them there is no market, but the best possible social "
Cremaschi," the manager bonus higher employee premiums down by 30-40% "
Rosario Amato
February 20, 2010
ROME - "I'm not shocked by the high fees per se, but the fact that this year bonuses for top executives of Fiat will grow by at least one third, while at the same time the premiums for employees will be reduced by 30-40 percent, and we are talking about already low figures: last year had averaged between 800 and 900 million. " A Giorgio Cremaschi, the national secretariat of the Fiom, just does not go down the news that this year, despite the recession and layoffs, top managers earning fees in excess of one-third the previous year.
In particular, the CEO Sergio Marchionne the fact that it has reached an operating profit of 1.1 billion and has taken the debt to 4.4 billion, was awarded a bonus of 1.343 million, which is added to 3.347 million received for the post held in the Group . Luca di Montezemolo will collect 5.2 million, € 550,000 of these are the remuneration for the presidency, while 4.6 million fee for the presidency include the Ferrari and the achievement of the bonus linked to the budgetary targets in Maranello. While the Vice-President John Elkann are 'only' € 631,000. In all, the top managers of the first mountain range salaries rose from 11 million in 2008 to 19 in 2009. This increase will be proposed to the shareholders in the Fiat calendar March 26.
"For some there is no market, there is the best possible social - Cremaschi bitter comments - there are no employee layoffs and cuts, and more this summer will have a reduced premium. It 's a identical situation to that of bank managers, on which were spilled but far more critical. "
The union does not accept the claim that it is hit 'result': the same Marchionne two years ago at the Festival of Economics in Trento called "the most precarious of Fiat " , arguing that was being paid much, but just based on what to get, and still likely to put all day. "For four and a half million a year is precarious happy ... let's say that you can pay the mortgage," said smiling Cremaschi.Ancora toughest course of the reaction Secretary Fiom Termini Imerese, Roberto Mastrosimone: "In two, Marchionne and Montezemolo, pocketing 10 million euro in a year, here's where it ends the sweat of the workers. Marchionne collects even a bonus of 1.3 million, the prize awarded him the Lingotto to close the factory in Termini Imerese. A metalworker has a salary of 1,200 €, but when it is redundancy, as unfortunately avviane and often did in Termini Imerese own in 2009, earns € 700.
IlSole24Ore
Marchionne Fiat increases in bonuses and approve the dividend
February 16, 2010 Increase
rights (stock grants) for the CEO of Fiat, Sergio Marchionne, following changes to incentive plan for 2009-2010 approved by the shareholders at the March 27, 2009. How to make a statement of the group, the number of rights increases the total to 12 million ... CONTINUE
ANSA
Fiat in 2009 collects Montezemolo 5.2 mln, Marchionne 4,800,000
The Elkann to 631,000 €
February 19, 15:37
MILAN - In 2009, the remuneration received by the managing director of Fiat, Sergio Marchionne, was 4.78 million euro, of which 1.35 million as a bonus. The chairman of Fiat, Luca Cordero di Montezemolo has perceived, even by virtue of the office covered in Ferrari, € 5.17 million. We read in the draft budget of the Fiat. Vice President John Elkann went to 631 000 €.
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