Ford’s CEO Alan Mulally is among the top five best paid executives, with $21 million in 2012.
Ford’s CEO Alan Mulally took home in 2012 $21 million, compared with VW’s CEO Martin Winterkorn who took 14.5 million euro ($19 million), Daimler’s CEO Dieter Zetsche got 8.15 million euro and GM’s Dan Akerson who took $11 million.
When it comes to the Japanese automakers, bonuses and salaries for their leaders are under the global levels. Nissan’s CEO Carlos Ghosn received 987 million yen for the financial year ended March 2012, a number which will not even put him in Top 100 US company chiefs.
“Japanese executives aren’t paid enough,” said Edwin Merner, president of Atlantis Investment Research Corp. in Tokyo. Companies “don’t want to create jealous feelings.”
In 2010 Toyoda did not want to take his bonus pay due to the recall of more than 8 million vehicles which led to a US Congressional hearing. This cut left Toyoda with an annual compensation of less than 100 million yen.
“I was feeling enormous pressure and was full of anxiety as I went in to bring up the rear of this losing battle,” he said at the company’s annual meeting that year.