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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Toyota chairman’s remuneration climbs 46% to $7 million.

Toyota Motor Corporation Chairman Akio Toyoda gestures during a press conference over rigging safety... Toyota Motor Corporation Chairman Akio Toyoda gestures during a press conference over rigging safety tests by its affiliate Daihatsu that affected 88,000 vehicles, in Bangkok, Thailand, May 8, 2023. REUTERS/Athit Perawongmetha
Toyota Motor Corporation Chairman Akio Toyoda gestures during a press conference over rigging safety... Toyota Motor Corporation Chairman Akio Toyoda gestures during a press conference over rigging safety tests by its affiliate Daihatsu that affected 88,000 vehicles, in Bangkok, Thailand, May 8, 2023. REUTERS/Athit Perawongmetha

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According to the statement that the company made on Friday, Akio Toyoda, the chairman of Toyota Motor (7203.T), received a total compensation package of 999 million yen ($6.90 million) in the financial year that ended in March. This represents an increase of 46% from the previous year.

According to the filing, 735 million yen (or 7.35 percent) of the 999 million came via stock options.

It was stated by the Japanese news source Jiji Press that this was the biggest number in the history of the company.


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