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Carlos Ghosn Becomes Japan’s Top-Paid Gaijin

Nissan chief handily out-earns Toyota, Honda chief execs – but lags well behind Ford’s Mulally.

by on Jun.30, 2011

Ghosn collects $12 million at Nissan and another $1.7 million for his duties at Renault.

It’s expensive in Tokyo.  But Nissan Chief Executive Carlos Ghosn shouldn’t have to worry much about the price of sashimi – the Brazilian-born executive drawing a paycheck of nearly $12 million last year.

That figure, which includes pay, stock options and bonuses, doesn’t include the $1.7 million Ghosn also collected from Nissan’s French alliance partner Renault, where he also serves as CEO.

Ghosn’s 2010 compensation made him the highest-paid “gaijin,” or foreign, executive in Japan, readily out-earning Sony’s CEO Howard Stringer, who made $10.66 million for 2010, as well as the managers at Nissan’s primary automotive rivals.  By comparison, Akio Toyoda, the founding family heir and chief executive at Toyota, made $1.8 million, while Honda’s Takanobu Ito had to get by on a mere $1.6 million.

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But while lavish by Japanese standards, Ghosn’s remuneration was modest in comparison to the paycheck taken home by Ford Motor Co.’s top two bosses.  Chief Executive Officer Alan Mulally’s total package nudged up towards the nine-figure mark, including the $56 million in stock he was awarded, while Ford Chairman Bill Ford Jr. claimed $42 million in stock on top of his pay and bonuses.


UAW Pres. King Calls Payout to Ford CEO “Morally Reprehensible”

Union leaders gather to set out bargaining strategy.

by on Mar.23, 2011

Ford CEO Mulally's huge pay package draws the wrath of UAW leaders.

United Auto Workers President Bob King ripped into the pay package for Ford Motor Co. chief executive officer Alan Mulally, calling it “morally reprehensible.”

Speaking with reporters following the union’s bargaining convention, King also said he believed Mulally’s pay package was ill-advised.

“I like Alan Mulally. I think he’s done a terrific job,” stressed King, “but I don’t think any CEO is worth $300 million,” a reference to the estimated payout the Ford chief executive received in terms of stock and stock options recently reported to the Securities and Exchange Commission.

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“I think it’s morally reprehensible,” King said. “There is still a lot of poverty in the world,” he said. “I don’t think it helps Ford either,” King said, adding “a lot of people” helped Ford recover as it earned more than $6 billion last year.

The attack on Mulally’s compensation came as a 2011Harris Poll EquiTrend study indicated Ford was the highest-ranked brand among American consumers dethroning Toyota, which fell all the way to fourth behind not only Ford but Japanese rival Honda.