Nissan’s chief may top Japan pay rankings for fourth time in five years

Comment on this story

Nissan chief executive Carlos Ghosn earned more than $10 million (R106m) last year, putting him on track to become the best-paid Japan executive for the fourth time in five years.

Ghosn was paid a total of ¥995m (R103m) in salary and bonuses for the fiscal year to March, a rise of 0.7 percent from a year earlier, he said yesterday. Including dividends, his total compensation rises to more than ¥1 billion.

Among the few foreigners leading a Japanese firm, Ghosn earned five times what Toyota president Akio Toyoda did in 2012 despite Ghosn running a car maker with about a third the profit. Last year, he steered Nissan to the smallest profit increase among Japanese car makers aside from Daihatsu, hurt by increased US incentive spending and recall costs.

Ghosn, who also heads Renault, was the top-paid boss in Japan in three of the four years since 2010, when the country’s financial regulator began requiring disclosures by publicly traded firms of compensations exceeding ¥100m, Tokyo Shoko Research revealed.

In 2012, Ghosn earned ¥988m, compared with ¥184m for Toyota’s president and ¥145m for Honda president Takanobu Ito.

Despite being the best-paid executive of a Japanese firm, Ghosn is out-earned by his peers at US and European car makers. – Bloomberg

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines