OTHER NEWS - March 18, 1994

Chrysler’s Top Executives Reaped Handsome Rewards: Robert J. Eaton says Chrysler Corp. is a fun place to work. And a lucrative place, he might add. Eaton earned $9.3 million in 1993 as Chrysler’s chairman and chief executive, the company disclosed in a filing with the Securities and Exchange Commission. And he wasn’t Chrysler’s highest-paid executive. President Robert L. Lutz collected $9.7 million, thanks largely to $6 million in stock options. Chrysler’s next three highest executives together collected $12 million, including salaries, bonuses, stock options and other compensation. The company said the whopping executive compensation packages reflect Chrysler’s strong performance in 1993--record sales and operating profit and vast improvements in quality, customer satisfaction and market share.