Automotive Manager Salary – The shareholders of the Nissan group approved without hesitation the remuneration of Carlos Ghosn for his position of CEO over the period 2016-17. It happens almost two weeks after a very close vote with the French partner Renault.
Automotive Manager Salary, Ghosn ranges from 1.07 billion to 1.1 billion yen
The Automotive Manager Salary for Carlos Ghosn has raised almost 1.1 billion yen (8.8 million euros at current exchange rates) from 1.07 billion a year earlier in April 2016 to March 2017. “Our remuneration policy aims to reward performance and attract and retain the best talents in the global automotive industry,” Ghosn said on the occasion of the group’s general meeting in Yokohama, Tokyo. He defended himself from any excess. Because even some foreign competitors practiced the higher automotive manager salary. It stands out from its counterparts in Japan, where emoluments are more modest than elsewhere. Even though Toyota recently raised the ceiling with a view to diversifying its management team.
Carlos Ghosn has also chaired the leadership of the newcomer in the alliance, Mitsubishi Motors
Ghosn was speaking alongside Hiroto Saikawa, to whom he took over in early April while remaining at the head of the board. Since the end of 2016, he has also chaired the leadership of the newcomer in the alliance, Mitsubishi Motors. But he does not communicate the amount of his remuneration. In mid-June, Renault shareholders had narrowly endorsed the CEO’s salary of 7 million euros in 2016. But representatives of the French state, the largest shareholder before Nissan (himself Held by Renault at 43%), voted against the resolution. Because the amount was excessive.
A system of the additional bonuses
Carlos Ghosn was also questioned on press reports that the Franco-Japanese alliance would consider a system of the additional bonuses for its leaders, through a company dedicated to the Netherlands. He had strongly denied these assertions, assuring that there was “nothing really“.