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Published in TZ Latest News 25 June, 2015 by The TZ Newswire Staff

Takata CEO compensation more than halves last financial year: filing

Takata Corp (7312.T) Chief Executive Shigehisa Takada earned less than 100 million yen ($810,373) in the business year ended in March, or less than half of the 206 million yen ($1.67 million) he took home in the previous year, a regulatory filing showed on Friday. Takata, the Japanese auto safety parts maker at the center of a massive recall for potentially defective air bag inflators, had said it would slash executives’ salaries last year as the safety crisis escalated.

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