Pay for executives and senior managers is low in Japan compared with the U.S. That can slow efforts by Toyota and others to attract top talent in robotics and artificial intelligence.
TOKYO—Toyota Motor Corp. plans to make its top executives pay closer attention to the company’s stock price.
Currently, executives at Japan’s largest car maker are paid almost entirely in cash. Now, Chief Executive Akio Toyoda hopes to encourage longer-term thinking by using restricted stock for a portion of executive pay.
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