1. Nissan CEO to Return Part of His Pay Following Audit

    Nissan CEO to Return Part of His Pay Following Audit

    Nissan Motor Co. 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 pay was in the form of stock appreciation rights, a cash payment linked to the increase in the price of the company’s shares over a period of time. Mr. Saikawa received a higher payment than he was entitled to, because the execution date of those rights was changed to a date when the share price was higher...

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    1. Saikawa benefited and for him to deny knowledge is absolutely absurd and not accurate.
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