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The Chairman then opened the discussion on the second item on the agenda and asked that the addresses be concise and pertinent, that speakers remain within the time limit of five minutes – during which, as stated previously, any voting declara- tions should be made – and two minutes for the replies. He also specified that once the maximum time was reached, as stated previously, the floor would au- tomatically pass to the next shareholder in the or- der booked and that a buzzer would sound when only one minute remained. The Chairman then opened the floor for a discussion on the second item on the agenda. A summary is provided below. Pietro BECHERE (shareholder) reminded the CEO that he was perhaps the first to have said that one of the best managers in Europe, or even the world, had arrived in Italy; he reported that he read in Milano Finanza on Sat- urday April 6th that Mr. MARCHIONNE’s salary as CEO of <strong>Fiat</strong> S.p.A is €4,500,000, while as Chairman of <strong>Fiat</strong> Industrial S.p.A it is €2,887,000, for an 50
overall sum of €7,373,300, which is less than that paid to others, such as Giovanni PERISSINOTTO; he said that he had also read that in 2012 the CEO received €1,200,000 in compensation from CHRYSLER, contrary to previous years when he received noth- ing; he asked whether this large sum was paid entirely by the Company or whether, for tax reasons, it was paid to him in Canada; he asked whether it was correct that Mr. Luca CORDERO di MONTEZEMOLO, a person he admires in that, similar to the CEO, he travelled without the need for an entourage, received a salary of €5,552,000 in 2011 and €5,554,000 in 2012 as board member of FIAT; he asked whether it was correct that Mr. Luca CORDERO di MONTEZEMOLO should receive such a high sum despite no longer being Chairman of FIAT and no longer taking part in the shareholder meetings, thus putting FIAT in a bad light and behaving in a disrespectful manner towards shareholders; he asked the CEO, whom he considers to be a capa- ble individual, if, after the agreement was signed with CHRYSLER, productivity – meaning the product produced in a specific time period from a produc- 51
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Page 3 and 4: volumes actually the lowest on reco
Page 5 and 6: past 10 years." The memory of Giann
Page 7 and 8: * VANGUARD INTERNATIONAL GROWTH FUN
Page 9 and 10: with 2 minutes for replies. Marco G
Page 11 and 12: is also stated that: "For questions
Page 13 and 14: He then specified that once the tim
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Page 17 and 18: statement about not standing the ar
Page 19 and 20: he noted that additional factors pr
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Page 25 and 26: that the choice of dividing FIAT in
Page 27 and 28: hicles at the new Grugliasco site a
Page 29 and 30: tal development of the previous str
Page 31 and 32: immovable assets and asked that the
Page 33 and 34: sponded that: the joint venture in
Page 35 and 36: of the mass-market brands also in A
Page 37 and 38: ence; in 2013 La Stampa will be foc
Page 39 and 40: he pointed out that the assessments
Page 41 and 42: markets; he recalled that in 2008 a
Page 43 and 44: given for addresses is too short, t
Page 45 and 46: He then declared that the voting wa
Page 47 and 48: - those against bringing action sho
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Page 53 and 54: size of the company, the size of th
Page 55 and 56: could not go into here; he consider
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Page 59 and 60: he recommended shareholders exercis
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Page 65 and 66: chairman of Ferrari S.p.A., which w
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Page 71 and 72: tions and not voted, together with
Page 73 and 74: . Attachment "A" the text of the ad
Page 75 and 76: Good Morning Shareholders. The Grou
Page 77 and 78: In absence of mutual agreement on a
Page 79 and 80: In Asia, in addition to the launch
Page 81 and 82: Turning to Group results, in 2012 w
Page 83 and 84: In the United States, the industry
Page 85 and 86: Boosted by the introduction of gove
Page 87 and 88: In terms of sales performance by in
Page 89 and 90: European passenger car demand was d
Page 91 and 92: The next few slides give an overvie
Page 93 and 94: In APAC, we launched two key produc
Page 95 and 96: Turning to the outlook for 2013, ou
Page 97 and 98: For our Luxury and Performance bran
Page 99 and 100: Efforts to align our activities to
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Before closing, I would like to mak
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There are 215,000 employees worldwi
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However, EMEA cannot survive indefi
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Second: we can leverage the experie
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Work is also underway to prepare th
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A sign of hope and of commitment. I
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We can’t recreate the Fiat of the
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a) Compensation Policy pursuant to
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The table below summarizes the main
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In general, the fixed compensation
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With regard to allowances in the ev
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L. Cessation of office or terminati
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) Authorization for the Purchase an
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Fiat S.p.A. AGM 09/04/2013 LIST OF
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"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...

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