The Advisors' Blog

I blogged a couple of years ago that part of the reason Carlos Ghosn said that he restructured and hid his pay was because he was worried that people in Japan, where Nissan is headquartered, would criticize his high levels of compensation. This new book delves into the whole saga – and acknowledges “culture clashes” as a big factor in Ghosn’s unraveling.

The book looks like a very interesting read, but you probably don’t need 400 pages to tell you that international operations are full of complexities. What’s highlighted here is that if you have executives in countries that traditionally frown upon huge pay packages (e.g., France, Japan), you may want to think twice before paying them according to US benchmarks.

Programming Note: The Advisors’ Blog will be off the rest of this week, returning next Monday.

– Liz Dunshee