Nissan chief executive defends pay deal
Tuesday 26 June 2012
Nissan chief executive Carlos Ghosn highlighted the quick recovery of the carmaker from a year of disasters as shareholders questioned low dividends and a lagging stock price.
He said his pay of 987 million yen (12 million US dollars), up 0.5% from the previous year, was reasonable compared to a global standard of 17.5 million US dollars for car industry chief executives.
No shareholder raised questions on his pay, which easily won shareholder approval at the annual meeting.
Nissan Motor, which makes the Altima sedan, Infiniti luxury model and Leaf electric car, is allied with Renault SA of France, and has more foreign executives than other Japanese carmakers.
Mr Ghosn's pay draws attention as it is the highest among chief executives at major Japanese companies.
- 1 Planes go hybrid-electric in important step to greener flight
- 2 North Korean prison officers 'cooked prisoner's baby and fed it to their dogs', more horrific accounts from UN report reveal
- 3 Antonio Martin shooting: Mayor says there should be 'no comparison' to Ferguson
- 4 Antonio Martin shooting: Police and protesters clash over teenager's death just five miles from Ferguson, Missouri
- 5 British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
iJobs Money & Business
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...