Fiat's manager incentive plan offers fewer shares

Newswire

MILAN, Feb 23 (Reuters) - Fiat's latest management incentive plan, approved by the board on Monday, will offer fewer shares than the previous one and will give out rights to ordinary shares rather than stock options. Based on their success in meeting 2009 and 2010 targets, a total of 8 million shares will be made available: 2 million for Chief Executive Sergio Marchionne and a maximum of 6 million for other executives, the company said in a statement on Monday. The previous plan had made ...

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