The founder of Casio Computer Co., Toshio Kashio, overtook Nissan Motor Co. President Carlos Ghosn as the highest paid director in Japan shortly before his death in May. He was 87.
Kashio, honorary chairman of Casio Computer Co., pulled in 1.333 billion yen (about $16.7 million) in fiscal 2011. That included his basic remuneration of 14 million yen and a retirement allowance of 1.319 billion yen.
Ghosn had taken top spot in the annual list of listed company directors’ remunerations over 100 million yen since the information started to be disclosed in fiscal 2009.
Ghosn’s remuneration grew in fiscal 2011 to 987 million yen because Nissan increased its sales and profits, but was outstripped by Kashio’s retirement payments.
“As the founder (of Casio Computer), (Kashio) was involved in the management of the company for many years. As a result, the retirement allowance accumulated. It is as though an extremely strong wind blew momentarily,” a researcher at Tokyo Shoko Research Ltd., which put together the ranking, said.
Ranking of directors’ remunerations in fiscal 2011 that ended in March 2012
1. (-) Casio Computer Co., Toshio Kashio (deceased), honorary chairman, 1.333 billion yen
2. (1) Nissan Motor Co., Carlos Ghosn, president, 987 million yen
3. (-) Fujipream Corp., Jitsuzo Matsumoto, former director, 850 million yen
4. (-) Artvivant Co., Katsumi Nozawa, advisor, 770 million yen
5. (-) Hirakawa Hewtech Corp., Kazuo Sumita, chairman, 756 million yen
6. (-) Meganetop Co., Shozo Tomizawa, chairman, 735 million yen
7. (7) Nihon Chouzai Co., Hiroshi Mitsuhara, 651 million yen
8. (6) Sega Sammy Holdings Inc., Hajime Satomi, chairman and president, 617 million yen
9. (2) Sony Corp., Howard Stringer, board chairman, 466 million yen
10. (-) Asahi Kasei Corp., Nobuo Yamaguchi (deceased), honorary chairman, 384 million yen
(Survey by Tokyo Shoko Research Ltd. As of 8 p.m. on June 28. Figures in brackets are rankings in fiscal 2010. “–“ indicates a ranking of 31 or lower.)
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