Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

Nissan CEO's Y982 mil pay package gets shareholder scrutiny

Business Jun. 29, 2011 - 04:25PM JST ( 9 )

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9 Comments

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bookowlsJun. 29, 2011 - 03:12PM JST

The guy brings Nissan back from the brink of collapse in a way no-one could have predicted, and now they want to reward him they scrutinize him! It's all fun n games until money is treated as a god!
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gogogoJun. 29, 2011 - 03:17PM JST

They don’t wield the managerial power of a U.S. or European corporate chief, acting more as what is called a “salaryman president” in Japan, rising up in the ranks gradually to become a symbolic cheerleader, while key decisions are still made by a larger team.

hahahahha this is so true... the president of most Japanese companies are just cheerleaders hahahhaha!!!!

This explains everything!
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hoserfellaJun. 29, 2011 - 03:39PM JST

They don’t wield the managerial power of a U.S. or European corporate chief, acting more as what is called a “salaryman president” in Japan, rising up in the ranks gradually to become a symbolic cheerleader, while key decisions are still made by a larger team

Yup, really worked out for TEPCO and their utterly useless Pres. who worked his way up from the lowest ranks. If key decisions are being made by nameless "teams", then no one has to show any leadership or accountability. That, in a nutshell, is what's wrong with Japanese companies.
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2020hindsightsJun. 29, 2011 - 04:09PM JST

Ghosn deserves it. He singlehandedly saved Nissan. He shows leadership and earns his salary. People comparing him with other top execs are comparing apples and oranges.

The absent president from TEPCO deserves to be sacked. His 'hospital' stunt when TEPCO needed actually leadership should be reason enough. But he survived. Ridiculous.
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AlphaapeJun. 29, 2011 - 04:11PM JST

@horsefella: Good Points! I have had Japanese talk about the excessive salaries of American CEO's, and I tried to explain to them that in America, we still somewhat believe that the "Buck Stops Here" with the man in charge. If he is expected to make the big decisions, then I don't see any reason why he shouldn't be paid for it. On the same token, if the company really screws up, he should be the one held accountable (which in some cases they are not).

I wonder how much money the companies here waste on paying thesee "larger teams" a salary? Are they really necessary? Get rid of some of the excess and maybe they can justify paying large salaries.

Yup, really worked out for TEPCO and their utterly useless Pres. who worked his way up from the lowest ranks.

If I were the president of TEPCO, I would just say that the "team did it" and blame it on them.
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hoserfellaJun. 29, 2011 - 05:37PM JST

Instead of "worked his way up", I really mean "fumbled forward over time"
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2020hindsightsJun. 29, 2011 - 06:49PM JST

Instead of "worked his way up", I really mean "fumbled forward over time"

Or you could say grew older.
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nandakandamandaJun. 29, 2011 - 07:52PM JST

Logically his argument can be correct. "Others get it. Why shouldn't I?"

Sure, but no-one would complain if he wanted to offer a small sum to help reconstruction.
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AlphaapeJun. 30, 2011 - 08:41AM JST

Sure, but no-one would complain if he wanted to offer a small sum to help reconstruction

Why should he have to offer a small sum of hissalary to help with reconstruction to justify his pay? He is probably paying more in taxes due to his high income to the government, so it should be up to the government to not to waste his and others who pay taxes money and use it to get the most effort in reconstruction, and not pass it along to their cronies.

If he decided to donate to charity on his own, I am fine with that. But I don't think that having to give up part of ones salary in order to justify its huge amount should be anyone's business..