Toyota plans to boost directors' pay by 20% after profits surged to a record

  • Will pay an average of 54.6 million yen ($458,000) to 14 directors, excluding external board members, for the fiscal year ended March
  • Average bonus paid to 12 executives will rise 45 percent to 73.8 million yen, subject to approval by shareholders at a meeting next month
  • Toyota net income jumped 19% last fiscal year
  • Projected profit will rise to 2.25 trillion yen in the year ending March 2016

Bloomberg

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