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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Mitsui Executives Forfeit Pay Following Explosion

7:26 AM MDT | May 11, 2012 | —Natasha Alperowicz

Mitsui Chemicals has announced that its top executives will forfeit a part of their remuneration “as a sense of responsibility” following a recent accident at the company’s Iwakuni-Ohtake, Japan site. An explosion occurred at the site on April 22, killing one employee and injuring 21 people, including 10 local residents. It also damaged 484 buildings and homes. The president and CEO of Mitsui Chemicals, Toshikazu Tanaka, will forfeit 40% of his executive compensation for an indefinite period starting last month. Other executive officers will...

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