These Are the Japanese Companies That Pay Executives Best
(Bloomberg) -- It’s official -- SoftBank Group Corp. is Japan’s most generous employer, at least when it comes to executive pay.
Six of the country’s 10 biggest salary packages last fiscal year were offered by SoftBank, according to a report from Tokyo Shoko Research Ltd. SoftBank Group Vice Chairman Ronald Fisher topped the list with 3.27 billion yen ($31 million) in the period ended March 31. Toyota Motor Corp. director Didier Leroy, the highest-paid non-SoftBank executive, ranked No. 5, while Sony Corp. Chief Executive Officer Kenichiro Yoshida was 8th.
SoftBank founder Masayoshi Son has a history of paying top dollar to attract high-profile executives. Former SoftBank President Nikesh Arora still holds Japan’s all-time record with the 10.3 billion yen package he received in fiscal 2016, according to the report. Since then, Son’s hunt for global talent accelerated as he launched a $100 billion Vision Fund to invest in the world’s biggest technology companies. SoftBank paid a total of 9.1 billion yen in compensation to six lieutenants last year.
SoftBank Group Chief Operating Officer Marcelo Claure ranked second with 1.8 billion yen. Claure, who also heads Sprint Corp. in the U.S., was named EVP in July. He also heads SoftBank’s $5 billion technology fund focused on Latin America. Ken Miyauchi, head of SoftBank’s domestic telecom operation, was third with 1.23 billion yen, followed by Simon Segars, head of its ARM Holdings Plc chip unit, with 1.1 billion yen.Former Goldman Sachs Group Inc. executive and SoftBank Group Chief Strategy Officer Katsunori Sago earned 982 million yen in the sixth place. Rajeev Misra, who heads the Vision Fund, earned 752 million yen.Son’s own salary remained modest at 229 million yen, according to a company filing in May. The billionaire controls a roughly 22% stake in SoftBank, which alone is worth about 2.3 trillion yen.Toyota paid Leroy a little over 1 billion yen. Sony CEO Yoshida made 847 million yen, 6% less than his pay last year.Chip equipment maker Tokyo Electron Ltd. was the most frequent name on the list as nine of its executives made the top 30, earning a collective 5 billion yen. Chief Executive Officer Toshiki Kawai ranked 7th with 925 million yen.
To contact the reporter on this story: Pavel Alpeyev in Tokyo at firstname.lastname@example.org
To contact the editors responsible for this story: Edwin Chan at email@example.com, Colum Murphy
For more articles like this, please visit us at bloomberg.com
©2019 Bloomberg L.P.