Instead, companies have made decisions by building consensus among a group of managers — all getting a (fraction) of the pay of their Western counterparts.
The Brazilian-born Ghosn, who also has French (citizenship), told shareholders that Nissan is a global company with a diverse group of executives. Some 44 percent of its board directors are (non-Japanese).
He also pointed out his pay as chief executive was (lower) than what other chiefs were getting at comparable companies on average, which he said was $12.6 million.