, Columnist
The Pay Gap in Japan’s Boardrooms Is Unacceptable
Warren Buffett says Tokyo executives are good value for money. But there’s a widening gulf between local and foreign business leaders.
The status quo is hard to justify.
Photographer: Richard A. Brooks/AFP/Getty Images
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Pop quiz: Which executive took home the biggest pay packet in Japan last year?
Perhaps Akio Toyoda of Toyota Motor Corp., or his successor Koji Sato, who oversaw a doubling of the share price in the last fiscal year at what was already Japan’s largest company? Maybe Tokyo Electron Ltd.’s Toshiki Kawai, with the chip equipment maker’s shares surging nearly 14 times since he took over less than a decade ago?