Mike Manley was the highest-paid Detroit 3 executive in 2022, even though he no longer worked for an automaker.
Manley, who has been CEO of AutoNation since November 2021, earned $56.2 million (€51.2 million) from Stellantis last year. The payment stemmed from an agreement with Fiat Chrysler Automobiles prior to the January 2021 merger with PSA Group that formed Stellantis, according to a U.S. Securities and Exchange Commission filing from February.
Manley was Fiat Chrysler Automobiles' CEO before the merger and stayed on as head of Americas for Stellantis until succeeding Mike Jackson at AutoNation.
For his work last year at AutoNation, Manley earned $13.5 million in total compensation, including salary, bonuses, incentives and stock awards, according to AutoNation's proxy statement released March 9. That brought Manley's total compensation from the two companies to nearly $70 million.