Nissan CEO to return $400,000 in performance based pay

Posted by Aktis Team on 4 September 2019

Nissan auditors found that CEO Hiroto Saikawa received a higher amount of performance based pay than what he was entitled to. Saikawa earned $400,000 in additional payments after the execution date of his stock appreciation rights was changed to a date in which the company’s stock price was higher. According to the auditors’ findings, which will be presented to the board, Saikawa did not commit any wrongdoing.

World Street Journal, Sean McLain,  4th September 2019

Topics: News Watch