Nissan CEO Carlos Ghosn gets almost $12 million in the last fiscal year

Article by Christian A., on June 29, 2011

For the last fiscal year ended March, Chief Executive Officer Carlos Ghosn of Nissan Motor Co. received a total compensation of 982 million yen or $11.46 million, standing for a 10 percent increase, including salary and stock options. According to Bloomberg data, Ghosn is the highest-paid boss among Japanese firms that have disclosed executive compensation.

Next in rank to him is Chairman Howard Stringer of Sony Corp., receiving around 863 million yen in salary, bonus and stock options, according to Sony’s disclosure on Tuesday.

Ghosn's compensation is lower than the $15.3 million average among international automotive companies as estimated by U.S.-based benefits consultant Towers Watson & Co.

Among the vehicle manufacturers, Alan Mulally, CEO of Ford Motor Co., earned the most with around $26.5 million in 2010. Japanese companies, which are publicly traded, are required by financial regulations to disclose compensation for executives who earn at least 100 million yen.

According to analyst Takeshi Miyao from Tokyo-based consulting company Carnorama, the Western companies see the need to give higher incentives to executives than Japanese companies do.

He adds that the Western companies believe that “well-performing management leads” will lead to good earnings results. He also said that the Western companies give adequate pay in order to ensure that its top managers do not transfer to another company.

Topics: nissan, ceo

If you liked the article, share on:

Comments

Recommended

Not a few agree that the Volkswagen Polo news a styling overhaul. While this supermini still looks good as it is now, the latest facelift was around three years. With...
by - April 27, 2017
They say that when the going gets tough, the tough get going. That’s what Harvey Payne did with his Chevrolet Bolt. Ever since he bought it, it had been experiencing...
by - April 27, 2017
What defines a coupe? Well, according to the dictionary, “it is a car with a fixed roof and two doors”. Ok, now that it is clear, when does one not...
by - April 27, 2017
Back in 2013 was when the first hot hatch was released, that was the original A45 by Mercedes-AMG, carrying a hand-built 2.0 liter M133 turbo mill. It was then then...
by - April 27, 2017
BMW dealers have a problem, a good problem. The demand for the 2017 BMW 5 Series is very high, they cannot attend to all the customers. But actually, supplies are...
by - April 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries