Japan is finally finding out who is getting the big (paychecks), thanks to a new rule requiring disclosure of pay for executives receiving (100) million yen or more.
But the list of millionaire bosses is (surprisingly) short and many of them it turns out are foreigners — like Nissan Motor Co. Chief Executive Carlos Ghosn, who raised the ire of a few (shareholders) when he announced Wednesday his whopping compensation of $9.5 million for the fiscal year ended March.
The disclosures mark a (dramatic) shift for Japan's corporate culture, which has previously not fostered professional (management) based on risk-taking by a decisive executive with the hefty paycheck to back it, analysts say.