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.