In Japan, expatriates rule when it comes to the biggest pay packages.
Foreign executives held eight of the top 10 spots on Bloomberg¡¯s ranking of the country¡¯s best-paid executives last year. SoftBank Group Corp.¡¯s former Chief Operating Officer Nikesh Arora, whose ?8 billion package topped the list, hails from India. Joseph DePinto, a director of Seven & i Holdings Co. who came in second, and Ronald Fisher, a director at SoftBank who ranked third, are both Americans.
U.S.-sized compensation packages have long been considered taboo in Asia¡¯s second-largest economy. Higher wages in Japan were typically earned by sticking around, thanks to rigid corporate promotion systems based on tenure.
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