While nowhere near as bad as top officials in government owned companies paying themselves big bonuses based on “projected earnings”, the business community was still surprised to hear that Nissan Motor Co will pay its directors almost four times more than their counterparts in Toyota and three times more than Honda directors for the fiscal year that ended in March.
Nissan wants to pay its 12 directors including CEO Carlos Ghosn an average of 141 million yen ($1.5 million). Toyota on the other hand aims to pay an average of 37.5 million yen to its 38 directors, while Honda will pay its 21 directors an average of 48.3 million yen. However, Nissan’s net income in the fiscal year was 42.4 billion yen, compared with 209.5 billion yen at Toyota and 268.4 billion at Honda.
Not included in those figures are stock options that the 38 directors from Toyota will be getting. However, this will only add up to 593 million yen, which is an average of 15.6 million yen per director. Honda bosses are also set to get a 15 million yen average bonus. All three companies will seek approval for the pay plans at their respective shareholder meetings later this month.
Analysts say that Nissan’s high remuneration package could be due to a number of factors, one of them being the Yokohama based carmaker’s rapid recovery from a loss a year earlier. Compared to its rivals, Nissan also has a more international corporate culture thanks to its alliance with Renault, according to Satoru Takada of TIW Inc.
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They should get ready for strikes from workers as they demand the same treatment.
Good luck nissan!
Handsome pay – INDEED
all the cost to pay their directors will be recovered from buyers pocket..
Buyers are free to make their own cars no one put a gun at their heads to buy anyway
Less directors gets Bigger piece of the pie……..
So our Nissan CEO Datuk Ang got increment also?
yang kaya tetap kaya…
I bet Carlos Ghosn is getting the bulk of the millions! He deserve it considering what he had done for Nissan.
you can say that again from zero to hero
It certainly pays, especially when they don’t make as much as T or H.
Btw. nice review on the second cars and u quietly place your E39 amongst others models. Must say u have a beautiful model. would prefer the M5 rim on it btw.
so what’s the problem if Nissan “values” their CEO and directors more than Toyota or Honda even though their revenue is lesser?
Just hope they extend this “generosity” to other Nissan staffs worldwide.
No call backs as yet not like TOYOTA
walawei, honda is more profitable then toyota… thats why la the salesman all rich….
everywhere is freakin same..! here they talk about proton, perodua and naza doing the same thing.
elsewhere.. you got this. i wonder how much BMW or Merc pays their directors………. ?
I don’t see why Nissan shouldn’t do it. Good job!
whatever,,keep on producing great cars Nissan,,we will support you
I’m on this because they deserve it and they didn’t get any G money. For Kumpulan Semesta Sdn. Bhd. bonuses i don’t agree at all.