Brazilian-born Carlos Ghosn, the CEO of Japan's Nissan Motor Company (Tokyo: 7201), was the highest-paid CEO in Japan in the last fiscal year, with a salary and bonus totaling 987 million yen ($12.5 million), according to Reuters.

That's more than seven times what Toyota Motor Corporation (NYSE: TM) President Akio Toyoda made in the same year. In fact, Ghosn received a 0.5 percent raise, while Toyoda's pay remained flat. Ghosn even raked in more than the top 21 executives at Sony Corporation (NYSE: SNE) combined.

Ghosn's disclosed salary and bonus does not include his stock options, according to Reuters. However, shareholders seem to have been concerned with retaining Ghosn following a report by Bloomberg News last week saying he was leaving the company in the next five years. Ghosn has since denied the claims.

Carlos Ghosn, chairman and chief executive officer of Renault-Nissan Alliance, delivers a speech as he visits a Nissan factory in Iwaki
Carlos Ghosn, chairman and chief executive officer of Renault-Nissan Alliance, delivers a speech as he visits a Nissan factory in Iwaki. Photo: REUTERS