Fiat Chrysler Automobiles' U.S. sales chief Reid Bigland sued the Italian-A...
WASHINGTON - Fiat Chrysler Automobiles’ U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe by the U.S. Securities and Exchange Commission, court documents filed on Wednesday show.
The suit said Bigland’s candor with U.S. investigators and “unwillingness to act as a scapegoat for defendants’ 30-year practice which predated him” resulted in the company retaliating “less than two months later by withholding his compensation.” The company said in its 2018 annual report it continued to cooperate but the investigations’ “outcome is uncertain and cannot be predicted at this time.” In April, Fiat Chrysler settled a sales reporting lawsuit by an Illinois dealership group.
His white paper said the methodology had been in place since the late 1980s and widely known throughout the company including by Sergio Marchionne, who was chief executive until his death in July 2018, and other executives.
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