How the pay between the top auto executives in the world compare?
With the arrest of Carlos Ghosn last week and his ouster as one of the most powerful auto executives in the world, many have wondered how the pay scale compares between him and some of the top automotive executives in the world.
Ghosn was ousted as the chairman of Nissan Motor last over allegations of financial misconduct including under-stating his income by around 5 billion yen ($44 million) over five years.
He is the head of Mitsubishi Motors, Nissan, and Nissan's French partner Renault and he is one of the best-paid executives in the world.
Here is a short list of some of the compensation packages earned by top auto executives in their latest financial year.
MARY BARRA - $21.96 million
CEO of General Motors
(Consists of $2.1 million in salary, $10.7 million in restricted stock awards, $4.96 million in other compensation and bonus and $4.2 million in all other compensation)
CARLOS GHOSN - $16.9 million
(Comprises $8.4 million from Renault, $6.5 million from Nissan and $2 million from Mitsubishi)
JIM HACKETT - $16.7 million
CEO of Ford Motor Co
(Comprises $1.34 million in salary, $10.37 million in restricted stock awards, $4.6 million in other compensation and bonus and $0.42 million in all other compensation)
BILL FORD - $15.6 million
Executive chairman of Ford
(Consists of $1.65 million in salary, $10.27 million in restricted stock awards, $1 million in other compensation and bonus and $2.71 million in all other compensation)
DIETER ZETSCHE - $9.8 million
CEO of Daimler Chrysler
(Comprises $2.29 million in salary, $3 million in restricted stock awards, $4.5 million in other compensation and bonus)
HARALD KRUEGER - $9.5 million
CEO of BMW
(Comprises $1.71 million in salary, $0.2 million in restricted stock awards, $7.6 million in bonus and $0.02 million in all other compensation)
DAN AMMANN - $9.3 million
President of General Motors Corp
(Consists of $1.45 million as salary, $4.1 million in restricted stock options, $2.1 million in other annual compensation and bonus and $1.6 million as all other compensation)
ELON MUSK - Potential pay worth up to $2.6 billion
CEO of Tesla Inc
(Shareholders approved a compensation award potentially worth $2.6 billion. It includes no salary or cash bonus but sets rewards based on Tesla's market value rising to as much as $650 billion over the next 10 years)
CHUNG MONG-KOO - $4 million
Chairman of Hyundai Motor Co
Justin Kavanagh is a recognised leader in automotive intelligence and vehicle data supply to the entire motor industry. He has almost 20 years experience in building systems from the ground up. As the Managing Director of Vehicle Management System, he understands the need and importance of trustworthy and reliable vehicle history and advice to both the trade and the public.
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