Nissan CEO Carlos Ghosn Received $10.1M Compensation for FY 2012/2013 image

Nissan CEO Carlos Ghosn said that for the financial year ended March he was paid 988 million yen ($10.1 million), a slight increase compared with the previous year.

During the financial year ended March, Ghosn’s compensation increased 0.1% compared with the previous year, even if Nissan’s operating profit margin dropped 5.4%, lagging rivals Honda and Toyota. Carlos Ghosn’s compensation, without stock operations, still surpasses his peers at the other Japanese automakers.

For example, Akio Toyoda, the president of Toyota, which is the best-selling automaker in the world, received 184 million yen ($1.9 million) for the financial year ended March. Last month Toyota said it plans to offer higher bonuses and compensation for its board members as it expects sales and profit to be the highest in the past 6 years.

The Japanese automaker will offer 1.1 billion yen ($10.8 million) in compensation, plus 428 million yen in bonuses for its audit and supervisory board members and directors for the financial year ended March 2013.

Ford’s CEO Alan Mulally saw his 2012 compensation cut by 29% as Ford didn’t manage to reach its profit target, market share and cash flow. For 2012 Mulally got $2 million in salary, $15 million in stock, options and other compensation and $3.95 million in bonus. In 2011 he was offered $2 million in salary, $22 million in other compensation and $5.46 million in bonus.

Source: Reuters