Nissan, Japan's second-largest automaker, apparently believes it has a more talented executive staff than Toyota or Honda. According to company CEO Carlos Ghosn, Nissan delivers its shareholders "the best performance possible with the best talent."

Talent like that deserves to be rewarded, and Nissan is happy to put its money where its mouth is. According to Bloomberg, Nissan, the second-largest automaker in Japan, pays its executive staff at least double that of Japanese rivals Toyota and Honda.

Here are the numbers: Toyota paid an average of 41 million yen ($513,279) per executive, plus bonuses of 13 million each. Honda paid an average of 31 million yen ($388,089) per executive, plus bonuses of 15 million yen each. Nissan paid an average of 186.4 million yen ($2.3 million) per executive, which doesn't include a total of 194 million yen of share appreciation rights divided up amongst the top seven execs.

Ghosn earned more money than any other Japanese CEO (at least among companies that report such figures) with a total of 891 million yen, which translates at current exchange rates to a $11.1 million. A heap of cash to be sure, but still shy of the $27 million Alan Mulally, America's top-paid auto executive, made last year, not including uncashed stock option bonuses.

While it could be argued that Nissan's execs deserve such compensation – the company posted a net income of 31 billion yen for the first three months of the year while Toyota posted a loss – the pay scale actually appears to follow a similar format as previous years.


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  • 42 Comments
      Hazdaz
      • 3 Years Ago
      I would be willing to bet that ALL those salaries pale in comparison to what US executives make - even ones that work at failed/failing companies (not just carmakers). Seems that there is the usual big hub-bub about Union members making too much, but how quickly we forget about how much more US executives rake in. Why is it that a factory worker making maybe 20% more than his counterpart in Japan, Germany, etc is uncompetitive, but a US executive making 200%+ more than his counterpart in another country is perfectly fine???
        • 3 Years Ago
        @Hazdaz
        [blocked]
          • 3 Years Ago
          [blocked]
      thepennyracer
      • 3 Years Ago
      When they have a CEO with an awesome comic book written about them, then they can have more cash too.
      • 3 Years Ago
      [blocked]
      Jose Miguel Lara
      • 3 Years Ago
      the real news here is that even tho Nisan/Toyota/Honda never went to bankrupcy and have had the same CEO's for over 10 years (on Nissans part) Mullaly still makes more than twice that amount.. eventho GM went thru bankrupcy and had bad sales for many years in a row... This is to show you what coorporate America is all about and what Republicans stand for.
      Mercennarius
      • 3 Years Ago
      Thats because Nissans leadership is that much better then Toyota/Hondas.... Give it 5-10 years and Nissan will be rivaling Toyota...they already passed up Honda.
        Dest
        • 3 Years Ago
        @Mercennarius
        Ah is that why Toyota grew to be one of the biggest automakers in the world over the past several decades? Because of poor leadership? Heh.
          You guy
          • 3 Years Ago
          @Dest
          Not before, but It's killing them now!
        DB
        • 3 Years Ago
        @Mercennarius
        Akio Toyoda (aka Morizo) took 4th place at the 24 hours of Nurburgring. Where did Ghosn place? Oh, yah he didn't. Toyoda believes in his products enough to race them at ridiculous speeds around the 170 turns of the "The Green Hell", the world's deadliest professional race track. Apparenlyt Ghosn does not.
          DB
          • 3 Years Ago
          @DB
          Also, Toyoda also said that his mom's rice cakes taste better than Ghosn's mom's rice cakes! (or something not at all like that)
        • 3 Years Ago
        @Mercennarius
        [blocked]
      You guy
      • 3 Years Ago
      Notice they still make 1/10th of the greedy buggers at GM/Chrysler/Ford?
      Sukairain
      • 3 Years Ago
      Ghosn is the best thing to have happened to Nissan in decades, IMO he deserves the salary more than any other CEO in the industry. Compare to Ghosn and the companies he leads, the American auto industry is an international political/economic joke.
        Sukairain
        • 3 Years Ago
        @Sukairain
        btw: Hyundai big wigs should also give themselves a huge pad on the back. They have my respect these last couple of years.
      emperorkoku
      • 3 Years Ago
      No one deserves that much money for anything. I'm sure these are perfect examples of diminishing returns. And maybe Ghosn makes more than other Japanese CEOs because...he isn't Japanese.
      • 3 Years Ago
      [blocked]
      theharpyeagle
      • 3 Years Ago
      Of course! It's Mr. Bean.
      peter1dav
      • 3 Years Ago
      They will double execs pay after Murano convertable sales super-success (14 units sold)
      third3ye82
      • 3 Years Ago
      Considering Renault owns a major stake in Nissan while Honda and Toyota do not have major foreign shareholders, should be safe to say that the Nissan board follows the more common Western corporate practice of high executive pay, and has less to do with company performance.
        • 3 Years Ago
        @third3ye82
        [blocked]
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