CHRYSLER <C> PAYS 77 MLN DLRS IN BONUSES
Chrysler Corp said its board made cash
bonus awards of 77 mln dlrs to 1,914 executives in 1986 based
on 1985 earnings, including a 975,000 dlr bonus that brought
chairman Lee Iacocca's cash compensation to 1.7 mln dlrs.
    The number three U.S. automaker also disclosed in its
shareholder proxy statement that Iacocca exercised stock
options last year that netted him nearly 9.6 mln dlrs and
received 337,500 shares of Chrysler stock last November three
that at current market prices would be worth more than 18 mln
dlrs.
 Reuter
