toyota boss 35 pay hike still leaves him trailing
Last Updated : GMT 04:18:21
Arab Today, arab today
Arab Today, arab today

Toyota boss 35% pay hike still leaves him trailing

Arab Today, arab today

Arab Today, arab today Toyota boss 35% pay hike still leaves him trailing

Tokyo - AFP

The boss of the world\'s biggest automaker, Toyota, saw his pay packet swell by a third last year, filings showed on Tuesday, but to a level that sees him still earning only a fraction of his overseas counterparts. The Japanese auto giant paid its chief Akio Toyoda a total of 184 million yen ($1.86 million) in salary and bonuses, according to a filing from Japan\'s Financial Services Agency on Tuesday. Toyoda\'s remuneration also includes dividends from shares he owns in the company, which was founded by his great-grandfather. His salary was up about 35 percent from the previous 12 months after overseeing a tripling of net profit in the latest fiscal year to March, to 962.1 billion yen ($9.8 billion). Toyota shares rose by about one-third over the same period. Carlos Ghosn, head of rival Nissan, Japan\'s number-two automaker, retained his ranking as possibly Japan\'s best-paid CEO, raking in 988 million yen in the fiscal year to March. That was a modest 0.1 percent rise from a year earlier, shareholders were told at the company\'s annual meeting on Tuesday. Investors voted to keep him on for another two-year term. \"Companies must employ and retain top leaders,\" Ghosn told investors last year in response to questions on his pay package. Ghosn has been credited with rescuing Nissan from the brink of bankruptcy, which is frequently cited as the reason for his above-average pay. But even his handsome package was overshadowed by his counterparts in the United States where Ford chief executive Alan Mulally was paid $21 million in 2012, while General Motors\' chief Dan Akerson received $11.1 million, US media has reported. Pay packages for Japanese executives -- and the salary gap between a firm\'s lowest and highest-paid workers -- tends to be a fraction of levels seen North America and Europe, where top pay has attracted a growing chorus of criticism. In April, shareholders in Swiss private bank Julius Baer flatly rejected the bank\'s plan for executive compensation in a non-binding vote, amid outrage over huge pay packages. That came just a month after Swiss voters massively came out in favour of a new law limiting executive pay and bonuses, among various measures taken across Europe to shrink CEO pay. And earlier this year, a government auditor blasted the US Treasury for approving high levels of top-level pay at firms bailed out in the financial crisis. In Japan, CEO compensation of around $1.0 million or less is not uncommon while some executives take pay or bonus cuts if the firm hasn\'t performed. Last month, Sony said dozens of senior executives including CEO Kazuo Hirai would give up their bonuses this year to atone for a slump in its embattled electronics unit.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

toyota boss 35 pay hike still leaves him trailing toyota boss 35 pay hike still leaves him trailing

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

toyota boss 35 pay hike still leaves him trailing toyota boss 35 pay hike still leaves him trailing

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday