2 ms·
Ok, first of all, you just listed 2 Japanese companies. Not really germane to the article or my comment. Second, neither Honda or Toyota appear to publish their
by callmeed 18y ago
Ok, first of all, you just listed 2 Japanese companies. Not really germane to the article or my comment. Second, neither Honda or Toyota appear to publish their executive salaries (at least I couldn't find them on financial sites). If you have a source for the $1M salary claim, I'd love to see it.
Third, according to the links below, median CEO pay is $8.2M for Fortune 1000 companies and $2M for a larger sampling.
http://tinyurl.com/5rmlwx http://tinyurl.com/5rmlwx
http://tinyurl.com/556enm http://tinyurl.com/556enm
I'm all for companies being responsible in regards to CEO pay–I just think that portion of the original article is misleading and unqualified.
- tc 18y agoI went looking. The article I found is interesting in its own right: "Engineers Rule: At American auto companies, finance guys and marketers rise to the top. Not at Honda." http://news.ycombinator.com/item?id=366709 http://news.ycombinator.com/item?id=366709 From the article: "Honda doesn't disclose executive pay in detail, but the sum of salaries and bonuses that Fukui shares with 36 board members, $13 million, is just about enough for the boss at a big American company." also: "Honda has never had an unprofitable year. It has never had to lay off employees."
- callmeed 18y agoInteresting ... thanks for posting. I think it's safe to say that Ford/GM's lack of profitability has little to do with executive pay and much more to do with labor costs, efficiency, and product demand.