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© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Nissan execs to return part of salaries over bogus vehicle inspections
By Yuri Kageyama TOKYO©2024 GPlusMedia Inc.
11 Comments
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Chop Chop
1glenn. I agreed. We communication Company called One Tel and the Company was collapsed in 2001 in Australia. The main investors James Packer and Lachlan Murdoch had lost $ 500 millions each as well as other investors.
Two Company founders Jodee Rich and Brad Keeling had given themselves with generous bonus $ 8 millions a few days before the Company collapse. The Company was worth $ 3.5 billions. They have manipulated Company accounting until before cash was running out. They knew the Company will go under liquidation and decided to give themselves $ 8 millions bonus each. Also they have sold their shares in the Company a few days before Company collapse. They confessed guilty but they didn't pay back a cent to the debtors. They never apology to investors and no remorse whatsoever. It's difference between Japanese Corporation executives and the Western Corporation executives.
1glenn
The actions of Japanese corporate executives is in some ways in sharp contrast to how Americans behave. The Japanese executives returned some of their pay. After the 2008 financial crisis, when the US government rescued some of the bankrupt charlatans on Wall St., those same executives then proceeded to give themselves million dollar bonuses with money intended to keep their companies out of bankruptcy.
B.l. Sharma
How meekly Hiroto Saikawa and Yasuhiro bowing their heads in remorse for all the manipulations carried out by Nissan since 1979 to dupe the Japanese customers. Will Japanese public ever forgive the company and its executives for such unfair business practices.? Such actions badly dent the corporate image of the Japanese companies in the eyes of the customers.
AH
”part of” means absolutely nothing.
How much? What percentage?! ... Even ¥1 is “part of”!
Kobe White Bar Owner
avoiding taking real responsibility as ever.
fxgai
In other words the government regulations don’t improve outcomes, while imposing superfluous costs on makers, who seek to work around the useless rules. Very Japanese.
Alexandre T. Ishii
Carlos Ghosn not happy about this, again!
smithinjapan
Yup, winter bonus will make up more than the tiny amount -- I'm guessing less than 10% -- of the "pay cut" that these generous, kind, and ever-thinking men are taking on behalf of all the illegalities and safety violations they've made and covered up.
gogogo
They get the money back at bonus time, how about actually fining the company or put some people in jail?
Aly Rustom
Nissan Motor Co Chief Executive Hiroto Saikawa and other executives of the Japanese automaker are returning a part of their salaries to show remorse over being caught on illegal vehicle inspections at the automaker's plants in Japan. There, fixed it.
I'm sure it won't affect their lavish lifestyle.
There needs to be an investigation into how much Carlos knew. We can't assume he's just innocent.