19995
Takata CEO  Gets Pay Cut
Economy, Auto

Takata CEO Gets Pay Cut

Takata CEO Shigehisa Takada earned less than 100 million yen ($810,373) in the business year ended in March, or less than half of the 206 million yen ($1.67 million) he took home in the previous year, a regulatory filing showed. Listed Japanese companies are required to disclose individual executive compensation only if it exceeds 100 million yen. The filing did not specify his compensation, according to Reuters. Takata, the Japanese auto safety parts maker at the center of a massive recall for potentially defective airbag inflators, had said it would slash executives’ salaries last year as the safety crisis escalated. Its four internal, directors including Takada, were paid no bonus, and made a total of 208 million yen. Takada, the grandson of the company’s founder, on Thursday apologized in his first news conference since the recall saga erupted, and said Takata’s six directors, including one external, would again return part of their pay this year. A Takata spokesman said Takada would have his salary cut by 25% for a year, while the other five would get 20% less.

 

Short URL : http://goo.gl/5NZ675

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Trending

Googleplus