Friday, June 10, 2011
Nissan Pays Top Execs Twice as Much as Toyota and Honda
Toyota�s executives must be green with envy once they hear the salaries of their counterparts in Nissan. That is because, Nissan�s top directors were paid more than twice as much for the fiscal year that ended last March than their equals at Toyota, according to a report from Bloomberg. And this despite the fact that Toyota is Japan�s biggest car manufacturer and Nissan is number two.
In a statement that Nissan issued before its annual meeting on June 29, average salary, including bonuses, for 14 executives was 126 million yen, or $ 1.6 million. In comparison, Toyota paid its 38 directors and auditors an average of about 41 million yen per executive.
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