Japan’s automakers exploit their CEOs


If there is one meeting all executives of Japan’s many automakers are looking forward to, then it is Nissan’s annual shareholders meeting. At this meeting, Nissan’s top executive tells his shareholders what his colleagues at Toyota, Honda, Mazda et al don’t dare to bring up: Japanese executives are grossly underpaid. Earning roughly $10 million a year in salary and bonuses, Ghosn may be the best paid top executive of a Japanese automaker. Compared to his peers in the West, Ghosn is in the poorhouse. [Continue Reading]