By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Sony Discussion - Sony’s Hirai Earns $1.6 Million

Panama on 27 June 2013

Isn't that still rather low for a CEO?



Around the Network
Vetteman94 on 27 June 2013
Panama said:
Isn't that still rather low for a CEO?


When compared to some US corporations yes.  I read a while back that Japanese CEOs make about 20% of what US CEOs do.  So in terms of his situation I would say its about right



outlawauron on 27 June 2013
Panama said:
Isn't that still rather low for a CEO?

Depends on the size of the company.

But CEOs of giant Japanese companies tend to have as much economic distance between their employees as CEOs of Western companies.



"We'll toss the dice however they fall,
And snuggle the girls be they short or tall,
Then follow young Mat whenever he calls,
To dance with Jak o' the Shadows."

Check out MyAnimeList and my Game Collection. Owner of the 5 millionth post.

dsgrue3 on 27 June 2013
kowenicki said:
Panama said:
Isn't that still rather low for a CEO?


Not at all.

Its actually quite high, relatively. 

 

"CEO pay rises to $9.7 million on average in 2012."

http://www.denverpost.com/business/ci_23303647/ceo-pay-rises-9-7-million-average-2012

oops...

 



outlawauron on 27 June 2013
kowenicki said:
outlawauron said:
Panama said:
Isn't that still rather low for a CEO?

Depends on the size of the company.

But CEOs of giant Japanese companies tend to have as much economic distance between their employees as CEOs of Western companies.

I do love a sweeping (and inaccurate) generalisation.

If this is JUST salary and bonus (no stock awards) then I believe it is more than the CEO of MS and Apple.

Let me know when the CEO of Southwest, Boeing, or American Airlines does this. 

Also, it's my understanding that the difference between incomes of this year and last year are due to:

"Hirai gave up his bonus for the year ended in March as the main electronics operation remained unprofitable."

Are his stock awards going to be how much more? 



"We'll toss the dice however they fall,
And snuggle the girls be they short or tall,
Then follow young Mat whenever he calls,
To dance with Jak o' the Shadows."

Check out MyAnimeList and my Game Collection. Owner of the 5 millionth post.

Around the Network
dsgrue3 on 27 June 2013
kowenicki said:
dsgrue3 said:

"CEO pay rises to $9.7 million on average in 2012."

http://www.denverpost.com/business/ci_23303647/ceo-pay-rises-9-7-million-average-2012

oops...

That will be total remuneration including stock options and bonuses.

Look at basic salaries.

You need to compare him to his peers in his own sector.  Compare his salary to that of the CEO's of tech companies.

"Technology CEOs received most of their pay in equity, with 74 percent of their compensation packages received in either options or stock units. "

26% * 9.7 million = 2.52 million

http://www.equilar.com/ceo-compensation/

Seems underpaid.



LiquorandGunFun on 27 June 2013

$1 million does not seem like much these days. taxes alone would half that. its just doesnt go as far as it used to.



 

zhao3gold on 27 June 2013

Can I earn this amount in my entire life???? Fuck, I am such a loser....



SquishyButtMan on 27 June 2013

Walking home with a big check when the profit Sony produced wasn't even remotely related to selling hardware seems odd to me. Life insurance and selling buildings don't justify that golden ticket. It is low by some standards, but still, it's not like Sony is in its glory days.



ironmanDX on 27 June 2013

Hey, can't knock $1,600,000 in the bank!! Good luck to him in the future too.

153 million Yen sounds a lot better though!