Nomura CEO received $3.3m in 2009
Kenichi Watanabe, chief executive officer (CEO) at Nomura, was paid 299 million yen ($3.34 million) as his salary for the last financial year, figures released by the Japanese bank have revealed.
Statistics from the financial services provider showed that Takumi Shibata, chief operating officer and one of the main figures in the bank’s takeover of Lehman Brothers European unit, received 252 million yen over the same period.
Junichi Ujiie, chairman at Nomura, received approximately 190 million yen as his wage for the 12 months.
The amounts are thought to include stock options and bonuses as well as base pay rates, reports claimed.
James Hawrylak, head of Asian operations for U.S. proxy adviser Glass Lewis & Co, told Bloomberg that in comparison to other wage packets, the salaries sounded “a bit low”.
He added: “The question is how has Nomura done in growing shareholder value and what was this individual’s role in that.”
It is the first time that wages have been divulged by banks after new legislation introduced by financial regulators called for executive salaries in excess of 100 million yen to be revealed.
By Jim Ottewill
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