By Nat Shirley
Thursday, Mar 8th, 2012 @ 10:37 am
 
Chrysler Group CEO Sergio Marchionne declined to take a salary or bonus in 2011, the second straight year in which the executive passed up compensation for his work with the American automaker.

Marchionne's leadership has been credited with helping to revitalize Chrysler following the company's near-collapse in the wake of the financial crisis in 2009. Chrysler's U.S. sales rose 24.3 percent in 2011, outpacing the auto industry's 10.3 percent growth.

Marchionne did, however, accept pay for his role as Fiat's CEO, according to an Automotive News report. Though his Fiat compensation has not yet been disclosed for last year, Marchionne earned $4.5 million from the Italian company in 2010.

Chrysler also paid for insurance, security and cleaning fees at Marchionne's condominium in Michigan, according to an annual regulatory filing. Chrysler stated that the money was equal to what it would have spent for Marchionne to stay at hotels instead.