TM - Toyota Chairman's Pay Hits $10M Despite Shareholder Concerns And Safety Probe | Benzinga
Amid scrutiny over governance and safety issues, Toyota Motor Corp. (NYSE:TM) Chairman Akio Toyoda has seen a substantial increase in his compensation package for the fiscal year 2023.
What Happened: According to an annual securities report filed Tuesday, Toyoda has been awarded a pay raise to $10.2 million during the 2023 fiscal year, Bloomberg reported. This increase comes in a year marked by a government safety probe and diminishing shareholder support.
Toyoda’s earnings, comprising salary, bonuses, and shares, are still less than those of his counterparts at Stellantis NV and General Motors Co., where CEOs ...