The Japan Times

SoftBank Group Corp.'s former Chief Operating Officer Nikesh Arora, whose 8 billion package topped the list, hails from India. Higher wages in Japan were typically earned by sticking around, thanks to rigid corporate promotion systems based on tenure. In the U.S., executives have reaped the benefits of a shift from cash to equity-based compensation tied to their companies' performance -- a change that sent pay packages spiraling in recent decades as the stock market soared. Interlocking stock ownership between companies listed on the Tokyo Stock Exchange fell to 16 percent in 2015 from 50 percent in 1990, according to data from Nomura Holdings Inc. Last year's biggest pay packages for Japan executives born in the country were Fanuc Corp. CEO Yoshiharu Inaba's 690 million and Sony Corp. CEO Kazuo Hirai's 513 million, data compiled by Bloomberg show.

Tesla driver killed in crash with truck first U.S. fatality using autopilot

The Japan Times

WASHINGTON – The first U.S. fatality using self-driving technology took place in May when the driver of a Tesla S sports car operating the vehicle's "Autopilot" automated driving system died after a collision with a truck in Florida, federal officials said Thursday. Preliminary reports indicate the crash occurred when a tractor-trailer rig made a left turn in front of the Tesla at an intersection of a divided highway where there was no traffic light, the National Highway Traffic Safety Administration said. Autopilot makes frequent checks, making sure the driver's hands are on the wheel, and it gives visual and audible alerts if hands aren't detected, and it gradually slows the car until a driver responds, the statement said. NHTSA Administrator Mark Rosekind is expected to release guidance to states next month defining the federal role in regulating the vehicles versus the state role, and suggesting what laws and regulations states might want to adopt.