Nissan’s Ghosn is the highest-paid exec in Japan with $12.5M received in 2011

Article by Anita Panait, on June 27, 2012

Carlos Ghosn received a salary and bonus of $12.5 million or JPY987 million from Nissan Motor Co. for the past fiscal year, the carmaker’s chief executive told  the company’s annual shareholders' meeting in Yokohama today. Although Ghosn’s large paycheck represents only a 0.5 percent rise in compensation at Nissan, it effectively makes him Japan's highest-paid executive.

It, however, fell short of making Ghosn as the first chief executive of a Japanese company to receive more than JPY1 billion in compensation, as investors are more concerned with his tenure than the terms of his compensation.

Nissan justified the higher pay for Ghosn as well for other company executives, saying the compensation package for its global chief should not be compared with the lower ones received by Japanese chief executives, but should be rather compared with the pay given to CEOs of other global industrial companies like Ford Motor Co and Volkswagen AG.

According to Nissan, its board, on advice from consulting firm Towers Watson, had used the paychecks of CEOs of other major industrial companies with global operations as benchmark for determining Ghosn’s pay.

The disclosed paycheck for Ghosn does not include stock options he was granted in Nissan. It also does not include his compensation as chief executive of Renault, Nissan's alliance partner.

Renault paid Ghosn EUR1.2 million for leading the carmaker in 2010. Ghosn took control of Nissan in 2001 and was heavily credited for Nissan’s quick comeback from the effects of the March 2011 earthquake and tsunami in Japan.

Topics: nissan, carlos ghosn

If you liked the article, share on:

Pin It

Comments

Recommended

The recent Porsche 911 is definitely considered one of the most elite sports car to grace the roads worldwide. The task of producing its successor is challenging enough for the...
by - March 29, 2017
British startup Zenos, which entered bankruptcy administration earlier this year is now back in business. The Norfolk-based sports car manufacturer was bought by a consortium of investors headed by AC...
by - March 29, 2017
It’s quite safe to say that this generation marks the rise of the electric cars. For the past few years, automakers have been very busy trying to find the perfect...
by - March 28, 2017
Want to go for a sportier look, but don’t have enough cash to burn? Good news for future Ford Edge buyers, as the 2018 model year will have an optional...
by - March 28, 2017
Audi refreshes its portfolio as its go-faster division officially announces the release of six new RS models by the end of 2018. That’s quite a huge number of cars to...
by - March 28, 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