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:

Comments

Recommended

Aside from fronting Honda’s annual summer tour, pop rock band OneRepublic was also given an opportunity to customize a 2017 Honda Civic Type R. The car is a one-off and...
by - July 26, 2017
Everyone seems to know that the Alfa Romeo Giulia has been recently experiencing problems. Turns out, the blame goes to Giulia’s software. Reid Bigland, big time executive from Alfa Romeo...
by - July 26, 2017
Romanian automotive media publication cars.ro earlier said that the new Ford Fiesta will no longer be offered in the United States. Robert Stiller, Ford’s vehicle program manager for the B-segment,...
by - July 26, 2017
The Nurburgring is the one track that many automakers want to hold a record of, because only the best of the best do. This time, a group of extraordinary passionate...
by - July 25, 2017
Would you like your convertible to be inspired by a yacht? Well, you do not have to imagine it anymore - thanks to the Bentley Continental GT Convertible and Mulliner...
by - July 25, 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