Nissan CEO's $12M pay gets shareholder scrutiny


YOKOHAMA, Japan: Nissan Chief Executive Carlos Ghosn fielded some tough questions from shareholders about his 982 million yen (US$12 million) paycheck Wednesday, but won approval with no problems for another two-year stint as head of the Japanese automaker.

Ghosn, who is also head of Nissan Motor Co.'s alliance partner Renault SA of France, told an annual shareholders meeting that his pay was based on global standards. He said the average compensation for comparable auto industry chief executives is $15.3 million.

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