Toyoda stocks up on stock
 | Toyoda: A rising stake |
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Akio Toyoda is putting his money where his name is. Toyota's president has been raising his stake in his family's company. As of March 31, his Toyota Motor holdings stood at 4,581,575 shares, or about 0.1 percent of the company's outstanding stock, according to documents filed with the U.S. Securities and Exchange Commission.
That's up from 529,891 shares in 2003, when Akio, grandson of the company's founder, was a senior managing director on the board. In 2009, when he was made president, he had 4,574,800 shares.
Akio remains well shy of his father's holdings: 11,176,193 shares when last reported in 2008. His father, Shoichiro Toyoda, retired as honorary chairman and board member after that and no longer is required to report holdings.
Akio's stock purchases over the years indicate he has been buying stock, not just receiving stock options as part of his compensation plan.
