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Nomura Cut Top 10 Executives’ Pay 38% After Earnings Slump
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Nomura Holdings Inc. cut pay for Chief Executive Officer Kenichi Watanabe and top executives by 38 percent last year after Japan’s biggest brokerage posted a profit drop, according to documents sent to shareholders.
The securities firm reduced total compensation for its top 10 executives to 899 million yen ($11 million) for the year ended March 31, from 1.45 billion yen a year earlier, the documents posted on Nomura’s website showed.