<ul><li>Kentaro Okuda, CEO, Nomura, is taking a 30% pay cut for three months in response to a former employee's misconduct that caused damage to the company's reputation.</li><li>The former employee, part of the wealth-management team, was charged with drugging an elderly client and setting their house on fire after stealing money.</li><li>Nomura has implemented measures to identify misconduct, including regular feedback from clients and approval process for personal visits to clients' houses.</li><li>This is not the first pay cut taken by Okuda, who previously took a 20% cut due to the company's fine for market manipulation; Nomura is also implementing cost-cutting measures and focusing on digitalization.</li></ul>

Why is Nomura CEO taking 30% pay cut for 3 months?

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