Nissan CEO promises growth, calls pay average

YOKOHAMA, Japan (AP) — Nissan Chief Executive Carlos Ghosn is promising sales growth to shareholders in a turnaround from years battered by natural disasters and a boycott in China set off by a territorial dispute.

He also told them Tuesday that he earned 9.88 million yen ($9.9 million) for the past fiscal year, up a million yen ($10,000) from the previous fiscal year.

The paycheck of Ghosn — one of a handful of foreigners to lead a major Japanese company — is news in this nation, where company presidents routinely get far less pay. But the Brazilian-born Frenchman pointed out his compensation was relatively low for the industry globally.

None of the shareholders asked about his pay. They instead asked about green auto technology and expressed worries on who could succeed Ghosn.

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