Japanese Salaries reflection
Salaries in the US and Japan
The salaries for the top people in businesses like CEO 's and chief executive 's in Japan get paid a small amount compared to the top employees in the United States of America. According to the economist.com blogs, in 2010, “Nissan 's boss, Ccarlos Ghosn, earned around $9.5m last year-- on hundred times the pay of Masamoto Yashiro, the departing boss of Shinsei Bank, who took home just $95,000. Sir Howard Stringer of Sony received more than $8m if stock options are included. His counterpart at Panasonic earned a modest $1.2m. Takeda Pharmaceutical paid its America-based global sales chief $6m, twice as much as its chief executive back in Japan.” That to me sounds fishy, in that they can get paid THAT much more than others in their same positions, why can 't they pay for more employees or for their grunts to have a higher ay raise to be able to live without working two jobs.
Other parts of the article relate and say how some Japanese companies when they buy out other companies over seas, they are forced to pay them more so that they stay around. This is even though they don 't contribute that much more to earn a couple million dollars more. This is why I believe that the Japanese companies have done it right in the terms of paying higher ups. They still pay them a lot, but by paying them much less, they can afford other additions to the company to make it better. It also allows them to hire many more employees to help and expand out. That extra money can increase the pay of the grunts so that they are more productive and don 't rebel as much and go on strike like American 's companies.
It is also not just America-based, but other nations, like European countries that over pay their top employees. If American companies stop paying their higher ups millions upon millions of dollars, they might, if not will, be able to increase the standard of living for their employees. They will help with the unemployment
The salaries for the top people in businesses like CEO 's and chief executive 's in Japan get paid a small amount compared to the top employees in the United States of America. According to the economist.com blogs, in 2010, “Nissan 's boss, Ccarlos Ghosn, earned around $9.5m last year-- on hundred times the pay of Masamoto Yashiro, the departing boss of Shinsei Bank, who took home just $95,000. Sir Howard Stringer of Sony received more than $8m if stock options are included. His counterpart at Panasonic earned a modest $1.2m. Takeda Pharmaceutical paid its America-based global sales chief $6m, twice as much as its chief executive back in Japan.” That to me sounds fishy, in that they can get paid THAT much more than others in their same positions, why can 't they pay for more employees or for their grunts to have a higher ay raise to be able to live without working two jobs.
Other parts of the article relate and say how some Japanese companies when they buy out other companies over seas, they are forced to pay them more so that they stay around. This is even though they don 't contribute that much more to earn a couple million dollars more. This is why I believe that the Japanese companies have done it right in the terms of paying higher ups. They still pay them a lot, but by paying them much less, they can afford other additions to the company to make it better. It also allows them to hire many more employees to help and expand out. That extra money can increase the pay of the grunts so that they are more productive and don 't rebel as much and go on strike like American 's companies.
It is also not just America-based, but other nations, like European countries that over pay their top employees. If American companies stop paying their higher ups millions upon millions of dollars, they might, if not will, be able to increase the standard of living for their employees. They will help with the unemployment
References: http://www.economist.com/blogs/newsbook/2010/06/japanese_executive_pay