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Mr Saikawa, 67, was the most senior leader at Nissan after Mr Ghosn when he was detained, sending shock waves through the alliance and wider business world. That put the Japanese executive in a position to know many of the details behind the allegations against Mr Ghosn and Mr Kelly. With Mr Ghosn in exile, Mr Kelly’s trial is the only forum where those accusations will likely get a full legal airing.
Mr Saikawa, dressed in a black suit, told prosecutors that Mr Ghosn didn’t like compensation disclosure rules, and had expressed this to the board. The former chief executive also said he had agreed with Mr Kelly in 2011 that Mr Ghosn should be paid more to prevent him from going to a rival car maker, and that the executive should receive compensation for non-competition and consulting services after retirement.
Former Nissan Chief Executive Hiroto Saikawa told a Japanese court Wednesday he believed the compensation for his predecessor Carlos Ghosn was too low by international standards, and so he supported Ghosn s retirement packages to prevent him from leaving. Mr. Ghosn had outstanding abilities and achievements, Saikawa said, testifying in Tokyo District Court in the criminal trial of Greg Kelly, a former senior executive at Nissan Motor Co. We needed to prepare for Mr. Ghosn s eventual retirement to keep him motivated and to have him continue to work for Nissan, he said in answer to a prosecutor s questioning. Saikawa worked closely with Ghosn and succeeded Ghosn as CEO in 2017. After Ghosn was arrested in November 2018, he denounced Ghosn.
Nissan ex-CEO Tells Court Ghosn s Pay Was Too Low mbtmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mbtmag.com Daily Mail and Mail on Sunday newspapers.
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RACIAL INJUSTICE-BLM FINANCES A financial snapshot shared with the AP shows the Black Lives Matter Global Network Foundation took in just over $90 million last year. The foundation widely seen as a steward of the Black Lives Matter movement, committed $21.7 million in grants to BLM chapters and other Black-led local organizations, and ended the year with a balance of more than $60 million. By Aaron Morrison. SENT: 1,290 words photos.