Hitachi links exec pay to stock gains against Siemens, Accenture

Unusual scheme for Japan gives management more skin in the game

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Equity is expected to account for nearly 20% of Hitachi President Keiji Kojima's total compensation for fiscal 2023. © Reuters

YOICHIRO HIROI, Nikkei staff writer

TOKYO -- Hitachi will compensate executives based partly on how its stock price gains compare with those of overseas rivals like Siemens and Accenture, in an effort to link pay more directly to the company's performance.

Hitachi is involved in a range of businesses from factory equipment and electricity infrastructure to tech services. Under the new scheme, the Japanese company will track the stocks of 10 competitors in these various fields.

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