Japanese and American CEOs. The gigantic salary differences.

[ImmortalHelixFossil]

I've always been interested in the CEO culture difference between Japan and the rest of the world. I've been surfing on the web and try to make a thread about are Japanese CEOs under-paid? Or the CEOs of the rest of the world over-paid?

the huge differences. Sadly not all the sources are up to date. 

2010:

Japanese securities regulators began “requiring Japanese companies to disclose pay for executives making more than 100 million yen ($1.1 million).” 

pay for Japanese executives has more than doubled in the past decade, the government says, fewer than 300 people at Japan’s 3,813 public companies earned enough in 2009 to require disclosure, according to PricewaterhouseCoopers. 

Companies listed on Japan’s stock exchanges paid their chief executives an average of $580,000 in salary and other compensation last fiscal year, PWC estimates, about 16 times more than the typical Japanese worker. 

Average CEO pay at the 3,000 largest U.S. companies is $3.5 million, including stock options and bonuses, according to the Corporate Library, a research group.

While Japan maintains a relatively low CEO-to-worker pay ratio, the average American CEO now earns 319 times as much as the average American worker. Conservatives often argue that the high level of compensation American executives receive is due to a high level of performance.

"It's a reminder that CEOs aren't just paid what the market will bear, they're paid what the culture will accept."

http://thinkprogress.org/politics/2010/07/08/106536/japanese-ceo-american-sixth/

 

Highest paid CEO in Japan.

Nissan Motor Co.’s Carlos Ghosn, among Japan’s highest-paid CEOs, earned 988 million yen ($12 million) in the year ended March 2013, little changed from the previous year. That wouldn’t even put him among the top 100 U.S. company chiefs, according to data compiled by Bloomberg.

http://www.bloomberg.com/news/2013-06-24/toyota-president-delivers-highest-returns-for-lowest-pay.html

 

Here you can get an idea how much the CEO/Worker pay gap is in your country. In America the difference is huge. The CEO of an S&P 500 Index company made, on average, 354 times the average wage of a rank-and-file U.S. worker in 2012.

http://www.aflcio.org/Corporate-Watch/CEO-Pay-and-You/CEO-to-Worker-Pay-Gap-in-the-United-States/Pay-Gaps-in-the-World

 

What are your thoughts?