Ghosn set to become Japan’s best-paid executive image

Carlos Ghosn, which is the chief executive officer for both France’s Renault and Japan’s Nissan could become again the top paid executive in the Asian country.

For his duties last year heading just Nissan Motor Co., Carlos Ghosn could earned the top rank for the fourth year in the last five, as he disclosed during the automaker’s annual shareholder meeting that was held June 24 in Yokohama that his salary for the last fiscal year was of 995 million yen ($9.8 million), including bonuses. The executive actually tops 1 billion yen if we also take into account his oncoming dividends.

Ghosn, now 60 years old, is among the few top executives heading a Japanese company and although the automaker profit last year was five times lower than Toyota’s, Ghosn actually was paid around for times higher than Toyota’s president Akio Toyoda.

“I understand the sensitivity of the issue,” Ghosn said. “Being in Japan should not be a handicap to attract talent. We need the best minds, we need the best talents.”

Toyoda, according to fillings from the company, received a total compensation of just 230 million yen, while Honda’s Takanobu Ito only received 150 million yen. On the other hand, the president of the world’s largest automaker in the world actually got around the same money as Ghosn if we take into account the dividends, as the grandson of the company’s founder – a big direct and indirect shareholder – also got around 757 million yen in dividends for the 2013 fiscal year.

Via Bloomberg