The message is that the TEPCO's president will receive about 600,000,000 yen, or about US$7.46 million.
It's the same no matter where - US or Japan; the incompetence is rewarded, and rewarded very richly as long as you are part of the "ruling class" - politicians, top executives at major corporations with strong connections with the government.
Shimizu, not an engineer, has been known for the relentless cost-cutting at TEPCO, which contributed to the bottom line for the shareholders. Never mind if some of his cost cutting measures may have contributed to the worst nuclear disaster that Japan has ever seen.