TOKYO — Japanese pubcaster NHK is slashing the lump-sum retirement pay of eight disgraced former execs, including ousted prexies Katsuji Ebisawa and Genichi Hashimoto.
Ebisawa was driven into early retirement in 2005 following a series of scandals under his watch, the most serious involving the embezzlement of production funds by an NHK chief producer.
He had been in the prexy post for seven years and seven months, which would have entitled him to $1,066,000 in a lump sum retirement payment. This was slashed to $350,000.
Hashimoto resigned in 2008 to take responsibility for an insider trading incident. He had been a prexy for three years and one month, which would have entitled him to $378,000. This was cut to $132,000.
Similar payments to six other scandal-tinged former execs were cut by between 15% and 50%.
Current NHK prexy Shigeo Fukuchi told reporters on Tuesday that although Ebisawa and Hashimoto were responsible for scandals that damaged NHK’s reputation, they also made contributions during their time at the top “so we could not forgo payment entirely. We ask for the understanding of our viewers.”