Toyota Chairman's Pay Hits $10M Despite Shareholder Concerns And Safety Probe
Portfolio Pulse from Benzinga Neuro
Toyota Motor Corp. (NYSE: TM) Chairman Akio Toyoda received a pay raise to $10.2 million for fiscal year 2023, despite governance and safety concerns. This comes amid a government safety probe and reduced shareholder support. Toyota reported record operating income and maintained its position as the world's top vehicle manufacturer.
June 25, 2024 | 1:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Toyota Motor Corp. Chairman Akio Toyoda received a pay raise to $10.2 million for fiscal year 2023, despite governance and safety concerns. Toyota reported record operating income and maintained its position as the world's top vehicle manufacturer.
The pay raise for Chairman Akio Toyoda, despite governance and safety concerns, may raise questions among investors. However, Toyota's strong business performance and record operating income could mitigate negative impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100