Toyota president Akio Toyoda: gets lowest pay yet gives highest return

Article by Anita Panait, on June 25, 2013

Under the leadership of its president, Akio Toyoda, Toyota Motor Corp. was the largest carmaker in the world in 2012 in terms of sales, besting four other major global auto companies. However, it turned out that Toyoda received the lowest compensation among the CEOs of the five biggest carmakers in the world. While his 2012 pay reflects a 35-percent increase from previous year, Toyoda only received JPY184 million ($1.9 million).

That figure, however, pales in comparison with his best-paid counterpart, whose compensation is more than 10 times larger than Toyoda's. Toyoda was credited with overturning Toyota's misfortune in the last decade, when the global recession and soaring yen led to a loss in the fiscal year ended March 2009.

Toyoda was also credited for helping the carmaker recover from Japan's earthquake and tsunami as well as from a recall of millions of vehicles.

His efforts in regaining the crown as the largest carmaker in the world also helped Toyota surge 28 percent this year in US dollar terms as of June 24 close of trading in Tokyo.

On the other hand, Volkswagen AG has dropped 11 percent, while GM gained 12 percent, Daimler AG added 11 percent, and Ford 18 soared percent as of the June 21 close of trading in New York and Frankfurt. Maryann Keller, principal at Maryann Keller & Associates, told Bloomberg that Toyoda has been tested like no other Toyota CEO in the last 30 years. She noted that compared to Toyoda, "the competition is overpaid." [source: Bloomberg]

Topics: toyota

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