Nissan Motor Co. Chief Executive Officer Carlos Ghosn earned more than ¥1 billion last year, putting him on track to become the best-paid Japan executive for the fourth time in five years.
Ghosn was paid ¥995 million in salary and bonuses for the fiscal year that ended March 31, an increase of 0.7 percent from a year earlier, he said at the carmaker's annual shareholders' meeting Tuesday in Yokohama. Including dividends, his total compensation rises to more than ¥1 billion.
The 60-year-old, who is among the few foreigners leading a Japanese company, earned more than five times what Toyota Motor Corp. President Akio Toyoda did in 2012, despite running an automaker with about a third the profit. Last year, Ghosn steered Nissan to the smallest profit increase among Japanese automakers aside from Daihatsu Motor Co., hurt by increased U.S. incentive spending and recall costs.