Toyota CEO Akio Toyoda: Quitting Due To Low Pay?

By Jobo

Updated: Friday, January 31, 2014, 15:05 [IST]

If you own a Toyota, you certainly know the value and efficiency of these cars. Over the years this Japanese car manufacturer has build up an unique reputation on the value and efficiency of its cars. Our focus for the moment, is on the chief executive who is earning a similar reputation for his compensation.

President & CEO Akio Toyoda, 57, has played a major role in marshalling and taking big decisions which has helped Toyota to generate the highest return last year among the world's five biggest automakers by sales. Topping the sales chart, you obviously expect the chief of the group to be the highest paid. However that is certainly not the case, President Akio Toyoda, is the lowest-paid chief of the group, earning less than one tenth as much as his best-compensated counterpart.

Toyoda, the founder's grandson, took control in June 2009 and since then has led a profit revival. This born leader also played a major role in helping the company recover from Japan's earthquake and tsunami and a recall of millions of cars. Now coming to the big question, how much does Akio Toyoda earn and compared to Toyoda, is the competition overpaid?

Flick through the slides, in order to get an insight about some of the best paid CEOs from the auto industry.

Alan Mulally - Ford

Ford's CEO was the best paid among the top five. Alan Mulally took home $21 million in 2012, according to data compiled by Bloomberg.

Martin Winterkorn - Volkswagen

VW's CEO, was paid 14.5 million euros ($19 million).

Dan Akerson - General Motors

Dan Akerson of General Motors, part owned by the U.S. and Canadian governments, received $11 million.

Dieter Zetsche - Daimler

VW's German rival Daimler's CEO got 8.15 million euros ($10.6million).

Carlos Ghosn - Nissan Motor Co.

When it comes down to Japanese Ceos, the highest paid for now is certainly Nissan Motor Co.'s Carlos Ghosn. In the year ended March 2013, Carlos Ghosn earned $10 million.

Akio Toyoda - Toyota

Last but not least, Akido Toyoda, Toyota CEO was paid ($1.9 million), a 35 percent increase from the previous year, according to a filing with Japan's Finance Ministry.

However these figure do not mean the Toyota CEO is just scraping by. Let's not forget, Toyoda controls 0.13 percent in shares of the family carmaker, valued at $256 million. That stake generated a dividend worth about $4.2 million in the year ended in March.

For the moment its evident and clear that Compared to Toyoda, "the competition is overpaid." On that note ~ what are your thoughts on these CEO pay-outs?