Ghosn was retention risk, Nissan s Kelly says at trial
Ghosn was retention risk, Nissan s Kelly says at trial
The former director was concerned that Ghosn s compensation was too far below international norms
Bloomberg
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Greg Kelly, Nissan s former representative director, arriving for the first trial hearing at the Tokyo District Court.
Former Nissan Director Greg Kelly testified in court in Tokyo for the first time, saying he considered Carlos Ghosn a flight risk after the ex-chairman voluntarily reduced his own pay, and that he looked for legal ways to keep him at the automaker.
“I and other executives believed that after Mr. Ghosn reduced his salary, well below that of other global executives, that Mr. Ghosn was a retention risk,” Kelly said in response to questions by his defense counsel. He denied that there was a conspiracy to inflate the executive’s pay.