Toyota Motor Corp.’s TM 0.50% highest-paid executive got a pay increase of millions of dollars, and he now makes nearly three times as much as his boss.
In an illustration of Japan’s unusually low chief executive officer pay—and the exceptions companies make for non-Japanese executives—Toyota said that Frenchman Didier Leroy, its chief competitive officer, earned more than ¥1 billion, or about $9.4 million, in the year ended March 2018, representing a 50% raise.
That is a record pay package for the auto maker and nearly triple the roughly $3.5 million earned by the next-highest-paid Toyota employee, President Akio Toyoda....READ MORE HERE
In an illustration of Japan’s unusually low chief executive officer pay—and the exceptions companies make for non-Japanese executives—Toyota said that Frenchman Didier Leroy, its chief competitive officer, earned more than ¥1 billion, or about $9.4 million, in the year ended March 2018, representing a 50% raise.
That is a record pay package for the auto maker and nearly triple the roughly $3.5 million earned by the next-highest-paid Toyota employee, President Akio Toyoda....READ MORE HERE