Auto Executives in U.S., Europe Getting High Pay

Economy

New York, Nov. 19 (Jiji Press)--Automakers in the United States and Europe are offering high levels of compensation to their top executives.

Nissan Motor Co. <7201> Chairman Carlos Ghosn, who was arrested by Tokyo prosecutors Monday on suspicion of underreporting his compensation, is known as one of the highest-paid corporate executives in Japan.

In 2017, he received a total of over 1.9 billion yen in compensation from Nissan and its alliance partners Mitsubishi Motors Corp. <7211> of Japan and Renault SA of France, according to the three automakers.

His amount was almost at the same level as the compensation paid to Jim Hackett, president and chief executive officer at Ford Motor Co. Mary Barra, chairman and CEO at General Motors Co., received 21.96 million dollars.

In Europe, Dieter Zetsche, CEO of Daimler AG, received 13.04 million euros last year, while Volkswagen AG and BMW AG paid 10.27 million euros and 8.3 million euros, respectively, to their CEOs.

[Copyright The Jiji Press, Ltd.]

Jiji Press