Nissan CEO Hiroto Saikawa will return some of his performance-based pay after auditors find that the amount paid was excessive
By Sean McLain Updated Sept. 5, 2019 12:27 am ET TOKYO— Nissan Motor Co. NSANY -0.57% Chief Executive Hiroto Saikawa on Thursday said he will return a portion of his performance-based pay, after Nissan auditors found that the amount was too high.
The change netted Mr. Saikawa more than $400,000 in additional payments, according to Greg Kelly, the former Nissan executive in charge of the payment calculation. Mr. Saikawa said he will return the overpayment. Mr. Kelly is accused by Japanese prosecutors of underreporting former Nissan Chairman Carlos Ghosn’s compensation. Mr. Kelly has said he is innocent.
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