Allow me to take a stab at translating this authentic frontier gibberish.
Last week the CEO of Ferrari North America plead guilty to a kickback scheme where he was taking bribes to allow people to buy new Ferraris, particularly limited editions.
https://www.thedrive.com/news/36206/ex-ferrari-north-america-ceo-pleads-guilty-to-charges-in-supercar-allocation-kickback-racket
The executive involved was head of Ferrari North America, not the corporate parent, Ferrari N. V.
https://corporate.ferrari.com/en/about-us/executive-officers
The head of Ferrari North America would report to a senior executive who is responsible for global operations. That person would report to someone who reports to the real CEO of Ferrari Corporation (Ferrari N.V.). Ferrari’s CEO is Louis Camilleri. He makes about $12 million a year, not including stock bonuses that are awarded retroactively on a three year basis.