Who Makes Big Money In Japan?

People who run big companies, that's who.

As previously mentioned, a new regulation now requires Japanese companies to disclose the previously well-guarded salaries of employees over ¥100 million (US$1.1 million). Executive salaries in Japan are lower than the astronomical compensation execs receive in the West.

"Companies owe their existence to society," says Shizuka Kamei, the Japanese politician who spearheaded the regulation. "People who are paid a lot should be proud of themselves and the job they do."

Here are some folks that might be proud of themselves and their bank accounts.

Howard Stringer: Sony Corp

¥410 (US$4.6 million)

Hajime Satomi: Sega Sammy Holdings

¥400 million ($4.5 million)

Yoichi Wada: Square Enix Holdings

¥204 million ($2.3 million)

Satoru Iwata: Nintendo

¥187 million ($2.09 million)

Kazunori Ueno: Namco Bandai Holdings

¥100 million ($1.12 million)

And Stringer pulls in one of the largest exec salaries in Japan among listed companies as the company posted its first back-to-back yearly loss. Yeah, that makes a lot of sense.

The concept of executives disclosing their salaries has caused controversy among the business community. In comparison to their Western counterparts, they do receive smaller salaries. But for many Japanese commenters on television and among those I have spoken with, the feeling is that successful businessmen don't need millions of dollars, that salaries such as these are excessive. What does that then say about the significantly larger salaries their Western counterparts are paid?

Sony Pays Stringer $US4.5 Million After Back-to-Back Losses [BusinessWeek]

任天堂の岩田社長(1億8700万)よりセガサミー社長(4億3500万)やスクエニ社長(2億400万)のほうが報酬が多いらしい [はちま起稿][Pic]


Comments

    Not paying these CEOs big money is ridiculous, and is easy for the mass to hate this. Given that CEOs are so closely tied to the performance of the company, which of course racks in 100s of millions of dollars a year, it's only logical to give them that 5% share.

    that capitalism, despite its obvious pros, can become a bit monstrous when the idea that one can NEVER have enough seduces everybody in a society.

    Japan just goes to show that the perception that people will only work hard if their potential monetary recompense is almost literally LIMITLESS, is wrong.

    Couldn't....resist...cat covered...in money....

    too big? your average maccas franchise owner gets more than that a year

    A bit harsh having a go at Stringer over his salary when the company is making a loss considering the state it was in when he took over. As the linked article said:

    Sony’s restructuring efforts “have yielded tangible results,” Stringer 68, said at the company’s annual shareholders’ meeting today in Tokyo, where the company is based. The Welsh-born executive is shifting his attention to new products and services after reducing costs.

    “If a Japanese executive were at the helm I doubt the company would be reforming as fast as it has,” said Ichiyoshi’s Akino. “There are signs of change and I think Stringer deserves the credit.”

    A Maccas Franchise owner owns the store so all the profits go to him. What does a Maccas CEO get is the real question?

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