Nissan CEO: Japan's highest-paid executive staying put | CarAdvice

Car Advice
  • Home
  • »  Nissan CEO: Japan’s highest-paid executive staying put

Nissan CEO: Japan’s highest-paid executive staying put

By David Zalstein |
FIND DEALS

Nissan chief executive officer and Japan’s highest-paid executive, Carlos Ghosn, has ended rumours he might step down within the next five years ahead of Nissan’s next business plan telling Reuters on Friday, “there is no plan of this sort.”

Fifty-eight year-old Ghosn recently told shareholders he was paid a total salary, including bonuses, of 987 million yen ($12.3 million) for the past fiscal year. This does not include stock options in the manufacturer or his earnings for heading the French car maker Renault, who Nissan is in alliance with.

Carlos Ghosn

Ghosn’s Nissan pay figure betters that of Toyota’s head, with Automotive News reporting Toyota president Akio Toyoda received 136 million yen ($1.7 million) for the past financial year, equaling the year before.

Ghosn has been credited with successfully guiding the brand since he took the reins in 2001, particularly through the difficulties of Japan’s 2011 natural disasters.


 

  • dsuhiti

    Probably the best boss in the auto industry.

    • Jacob

      Along with Alan Mulally and Ratan Tata. 

  • Doctor

    Just a pity that he doesn’t have the best engineers behind him.

  • Pauly

    Carlos Ghosn deserves the money. He is one of the best people to be running any auto manufacture at the present time. 

  • Schn

    Well, it definitely seems that Nissan are heading upwards, as well as getting through the natural disasters crisis, so I think it’s good that he stays! 

  • DES

    When Renault took over, Nissan was like the flavour of the month and that’s it. After the take over Tiida, Maxima and Micra didn’t perform well. The Patrol with the Renault engine blew up. Apart from pushing the GTR and “ok” Navara sales figures, I think Nissan has gone down hill since. And if they force Renault products into Nissan cars, the decline will accelerate.

    • OGU

      check your facts… seriously almost every point is inaccurate

    • kazuo

      what u said only applies to Australia, the land of boring cars. U need to check the range in Japan and Us, China and other countries with more buying powers. all good engineering cars and quality build, then dump all crappy one in Aus

  • Peanut

    I will now be able to sleep well at night knowing that this has been sorted out.

  • save it for the track

    “….force Renault products into Nissan cars, the decline will accelerate” Seriously?? Like the chassis and engines from the Renaultsport family for instance?? A Nissan light car with a Clio chassis would be good. But it wouldn’t really matter would it, as the brainwashed uninterested masses would continue to buy Toyota and Holden (beacuse that’s what they’ve always bought). If Nissan are serious about regaining marketing share in Australia, they need to get their brainwashing (whoops, marketing) department together.

  • Tell It As It Is

    ”
    A Nissan light car with a Clio chassis would be good. ”.. The Tiida is based on the Clio and no  one wants it.

  • Tell It As It Is

    OK let’s spell it out.

    Before Renault took over Nissan:
    - Nissan was losing $$. Perhaps they didn’t do their accounting maths too well?
    - They sold heaps of Pulsars, right up there with the Corolla and way more Pulsars were sold than the Mazda 323 (the Mazda3 back in those days)
    - The Maxima did OK. It sold at least 5-10x more than the current Maxima.
    - Heaps of R50 series I and II Pathfinders were sold . Way more than the current R51 Pathfinders. There are tons of R50 Pathfinders everywhere today.
    - The Nissan Patrol did very well, the quantity sold was almost as much as the Land Cruiser. The Patrol were known as bullet proof and are much more durable than the average vehicle.
    - The Navara D22 did quite well. It was rugged and great off road. It was so good and cheap that Nissan is currently selling it together with the D40 Navara.
    - The 200SX did OK too
    - The Skyline GTR won Bathurst and were involved in lots of motors sports events.

    After Renault took over Nissan:
    - The Pulsar was replaced with the Renault Clio based Tiida. No one wants to buy them even at $19,000 drive away no more to pay.
    - The Maxima did not sell well (probably a handful of units in each state per month) to the point that Nissan will scrap the Maxima in a couple of months and bring in the Altima (supposed to be a medium Nissan. But is actually about the same size as the current Maxima)
    - The R51 did not sell well. It’s made in Spain and there were reported quality and reliability issues.
    - The Patrol got a 3 litre Renault turbo diesel engine and soon after that the term “grenade” came out describing that engine. It sold a fraction of the Land Cruiser
    - The Navara D40 sold OK. For a short period the D40 was around the top of the ute sales chart because Nissan ran sales, $39,990 drive away no more to pay. But soon after, the Hilux and other utes went on top of it again. But there are wide spread complaints about the Spanish made D40, even simple things like the alloy wheels weren’t right, they cracked. The D40 previous had a 2-star safety rating. Hard core off roaders in prefer the old Nissan designed D22 over the D40 Navara.
    - There’s no 200SX. But that’s fair enough because of the market condition and most of the car companies phase out 2 door sports cars.
    - The XTrail and Dualis are doing OK
    - The GTR is doing well. But it’s a very low quantity product

    Some call Ghosn from Renault as the “magic man”. But all in all, when you spell it all out, there was no gains overall since Renault took over Nissan and they have screwed up a lot of reputable Nissan products with their directions and pushing of sub standard Renault parts into Nissan products. IMO the best the “magic man” could do is do nothing and keep Renault parts and people  far away from Nissan and don’t interfere with the Nissan engineers. 

    If Renault can’t sell any cars, then Nissan won’t be able to sell any cars either when they start to push Renault people into Nissan and force Renault’s culture into Nissan.

  • OGU

    What ’Tell it as it is” has just spelt out is opinion. There’s absolutely no facts, there’s no global or local context, there’s no recognition of the competitive environment, model lifecycle, market conditions or any genuine reliability rankings from reliable sources. Readers of these blogs should be weary of the automotive gurus who troll these pages casting their humble opinion. I look forward to the day when we read comments with real substance, rather than speculation and general perceptions of a minority tainting an otherwise good article.
    Both Renault & Nissan are very successful (sales & profit) auto brands and Ghosn is the leader.
    The Renault Nissan alliance, according to most global industry opinion leaders, were one of the greatest auto success stories throughout the GFC.
    A little closer to home, according to VFACTS, both Nissan & Renault are performing very well.
    Both companies financials are available in the public domain.

  • Tell It As It Is

    To be frank, that’s based on what I have observed, it’s based on my opinion of course. But I have been following the motoring industry for years. For sure there are many that don’t agree with me. Just tell it as my opinion and what I have observed, the good or the bad.