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Big paydays for foreign execs in Japan

Nissan CEO Carlos Ghosn's compensation exceeded 1 billion yen for the second year in fiscal 2015.

TOKYO -- Buoyed by strong business results, some major Japanese corporations sharply raised executive compensation for the last fiscal year, especially for their non-Japanese high-ranking officials.

Nissan Motor CEO Carlos Ghosn earned more than 1 billion yen ($9.57 million) two years in a row. At 1.07 billion yen, his fiscal 2015 compensation was 36 million yen higher than a year earlier, Nissan told its shareholders at a general meeting Wednesday in Yokohama. The pay hike comes after six straight years of revenue and net profit growth through fiscal 2015.

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