Studies by consultant PricewaterhouseCoopers Co. estimate that top Japanese executives earn on (average) 50 million yen, or a quarter of what their American counterparts earn at about 200 million yen.
Only about 1.4 percent of the board of directors in Japan receive 100 million yen or more, which likely translates to about 100 people whose (earnings) will be disclosed under the new rule, according to PricewaterhouseCoopers.
Last week, Japanese electronics and entertainment company Sony Corp. made (headlines) when it disclosed at a shareholders' meeting that Chief Executive Howard Stringer got 800 million yen in annual pay, although the electronics maker has racked up red ink for two straight years.