Honda CEO’s Pay Cut 20 Percent Following Fit Recalls

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Honda CEO’s Pay Cut 20 Percent Following Fit Recalls

In response to the FIFTH recall of the new Honda Fit the company’s board has cut CEO Takanobu Ito’s pay by a whopping 20 percent!

In addition to this, a dozen other executives face a 10-percent reduction in wages because of the quality issues. This is not a good time for Honda. The Fit’s call-backs are mounting and then there’s the potentially disastrous Takata airbag issue.

SEE ALSO: 2015 Honda Fit Review

It’s been alleged the company improperly reported fatalities and injuries caused by faulty airbag inflators. They’ve also been accused of hindering identification of this widespread problem.

To help assure issues like these doesn’t happen again the company has supposedly created a new quality-assurance position.

GALLERY: 2015 Honda Fit

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[Source: Left Lane News]

Discuss this story on our Honda Fit Forum.

  • disqus_KQqDtCiepO

    Is this really the best picture for the car?

  • Gabe

    Everybody say, “Hecho en Mexico!”

  • craigcole

    Can you imagine a U.S. automaker cutting its CEO’s pay? I cannot; it would never happen, LOL!