Takata Cuts CEO Pay In Half Due To Airbag Recalls

Takata Corp. CEO Shigehisa Takada earned less than 100 million yen ($810,373) in the business year ended in March, or less than half of the 206 million yen ($1.67 million) he took home in the previous year, a regulatory filing showed today.

Listed Japanese companies are required to disclose individual executive compensation only if it exceeds 100 million yen. The filing did not specify his compensation.

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MDarringer - 6/26/2015 11:03:38 AM

+2 Boost

He should have resigned because 50% of getting paid way too much is still getting paid way too much. This guy is a total fraud. First he refused to acknowledge there was an issue. Then he spent months ducking the issue.

Agent009 - 6/26/2015 12:39:32 PM

0 Boost

They honestly feel it isn't their problem.

MDarringer - 6/27/2015 9:40:52 AM

+1 Boost

Other places are reporting that he cut his salary by 25% not 50% when all is said and done.