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.

If you liked the article, share on:

Topics: nissan, ceo

Comments

Recommended

Dubai is one of the few countries where expensive cars are the norm, many of which are specially modified as well. And this just in: Bentley has debuted the new...
by - November 21, 2017
The 2018 Jaguar XEL with its stretched-out wheelbase and longer doors is the newest addition to the growing list of premium sedans in China---joining the ranks of Mercedes-Benz C-Class L,...
by - November 21, 2017
Honda this week announced that its all-new 2018 Clarity Plug-in Hybrid will arrive at US dealerships with a starting price of $33,400 beginning on the first of December. Because the...
by - November 21, 2017
Lamborghini had been expected to refresh its entry-level model – the Lamborghini Huracan – in late 2018 or early 2019. But here is some good news for fans of the...
by - November 20, 2017
The Chevrolet Corvette will be turning 65 years old in 2018, and as part of the celebrations, the brand is introducing a special edition C7 – the Chevrolet Corvette Carbon...
by - November 19, 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