Nissan CEO Ghosn says was paid $9.8 mln last year

YOKOHAMA, Japan, June 23 (BestGrowthStock) – Nissan Motor Co (7201.T: )
Chief Executive Carlos Ghosn said on Wednesday his total
compensation in the business year that ended in March was 890
million yen ($9.83 million), making him one of the highest-paid
executives at a Japanese company.

Ghosn made another 1.24 million euros ($1.52 million) at
Nissan’s French partner Renault (RENA.PA: ), which he also heads,
in 2009. That was less than half of what he made in 2008, as poor
business results and an economic crisis capped variable
remuneration.

The size of the dual Renault-Nissan CEO’s pay package has
been keenly awaited since new corporate disclosure rules are
forcing Japanese companies to reveal what they pay executives if
they receive more than 100 million yen starting this year.
Previously, companies were only required to disclose what
executives received as a group.

Ghosn said five other top Nissan executives made more than
100 million yen last year.

Last week, Sony Corp (6758.T: ) CEO Howard Stringer became one
of the first to have his remuneration made public with a pay
package of $4.5 million plus stock options in the past year.

Ghosn has repeatedly defended Nissan’s pay scale — off the
charts compared with domestic rivals — as being globally
competitive and necessary to attract talent in a global industry.

Ghosn is also a director of aluminium giant Alcoa Inc (AA.N: )
and Russian carmaker AvtoVAZ (AVAZ.MM: ).

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(Reporting by Chang-Ran Kim)

Nissan CEO Ghosn says was paid $9.8 mln last year