While some Japanese CEOs are doing well for themselves in compensation, Takata's Shigehisa Takada took a dramatic cut in pay for 2014.
Shown Friday, the supplier's regulatory filing found Takada took home less than ¥100 million ($810,373 USD) in 2014, Reuters notes. The figure pales to his compensation during FY 2013, when he was given ¥206 million ($1.67 million).
The exact amount paid in FY 2014 wasn't disclosed, however; the Japanese government only requires full disclosure of compensation above ¥100 million.
Takada's pay cut — and those of Takata's other five directors — is in part over the failings over the handling of the airbag recall crisis affecting several million vehicles and 10 automakers. Takada issued an apology over the matter Thursday following the company's annual shareholders meeting, and said he and the directors would give back part of their pay as a result.
Per a representative, Takada would see a reduction of 25 percent for the year ending this March, while the five directors would give back 20 percent of their compensation.
The post Takata's Shigehisa Takada Sees Dramatic Pay Cut For 2014 appeared first on The Truth About Cars.
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