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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. ....

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