crime

U.S. Securities and Exchange Commission probing Nissan over executive pay

22 Comments
By Martin Bureau

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© 2019 AFP

©2019 GPlusMedia Inc.

22 Comments
Login to comment

Nissan may just have to face an actual justice system instead of the farce that is the Japanese justice system.

14 ( +21 / -7 )

Are they talking about the execs at the US subsiduary or at the parent company in Japan?

5 ( +5 / -0 )

The parent company in Japan is still liable to US sanctions. It is part of the agreement to become a publicly traded company and a member of the SRO (SEC). These actions have direct corelations to all Nissan dealings in and outside of Japan. Nissan still has a duty to their shareholders in America.

13 ( +13 / -0 )

Sanctions can only be brought upon their US operations though as America cannot enforce the Parent company in Japan to do anything. Typically, companies prefer to keep these situations in house.

1 ( +1 / -0 )

Listed in the US so subject to US enforcement.  This will be painful - bet they bare regretting throwing Ghosn under the bus now.

6 ( +7 / -1 )

Nissan: Arrest Mr. Gohsn! He conspired with us to conceal is income!

Nissan, which said it began investigating Ghosn after a whistleblower report, also faces charges over the alleged under-reporting of compensation

Also Nissan: (surprised Pikachu face)

7 ( +8 / -1 )

This is probably because an American was arreste alongside Carlos, so the US side may want retalliation..

-8 ( +1 / -9 )

The Franco-Brazilian-Lebanese tycoon has also been removed from leadership posts at Mitsubishi Motors and Renault. 

No, he was NOT removed from Renault, he resigned! Get it right!

5 ( +7 / -2 )

@Kenji Fujimori

I do not believe this has anything to do with an American being arrested. The SEC has a responsibility. I used to be a registered representative in the U.S. This means I have my investment licenses. Regardless of how big or small, the SEC and FINRA must investigate every single claim regardless of whether itis for agent or a broker/dealer. So this Nissan case has very large implications. Ghosn and Kelly has been with the Company for over 10 years. That means their actions could have directly defrauded investors and it is highly unlikely that two people could have run a scheme such as this so it also means that company itself could have defrauded investors. SEC and FINRA investigations are only made public once the findings of the broker/dealer's internal investigation does not answer all the questions or claim. Then the SRO and Government must act as an independent party and investigate as well.

9 ( +9 / -0 )

Sanctions can only be brought upon their US operations though as America cannot enforce the Parent company in Japan to do anything. Typically, companies prefer to keep these situations in house.

Nissan would have a rather difficult time of things if it did not have the US market.

11 ( +11 / -0 )

It doesn't matter how small or simple the complaint is. Every single one is investigated. Majority are deemed a non factor for disciplinary actions and the cases are closed and nothing is ever reported. Even the employee may never know they were investigated.

0 ( +0 / -0 )

just happen to be reading Michael Woodford's 'Exposure', about the Olympus fiasco, and am just at the stage where the SEC have started taking an active interest.... which really put the wind up certain parties...... here's hoping....

2 ( +2 / -0 )

Speaking of Michael Woodford, I wonder what he makes of this whole thing.

4 ( +4 / -0 )

I gues Saikawa did not expect this when set Ghosn's arrest scheme in motion.

4 ( +7 / -3 )

Great news.

7 ( +8 / -1 )

.

Voila - This is the deep mess that occurred under Ghosn's leadership.

.

Ghosn was CEO & Chairman during that time..

.

More to come. . . . :-)

.

-5 ( +0 / -5 )

.

Ghosn will be facing multiple CIVIL suits, after his criminal case is over.

.Good job he got such an opulent "payout" from Renault !

.

.

-6 ( +0 / -6 )

.

And as many of you cheer this problem for Nissan, do remember that any reversal will impact the hundreds of thousands jobs of middle class working class America.

.

Once Ghosn learned how the 'system' worked in Japan - he played the game to advance his interests

.

This is net result

.

Though other Nissan Execs are EQUALLY CULPABLE. and likely will not be able to exonerate themselves.

.

.

.

-5 ( +0 / -5 )

Greg Kelly.... a U.S. Citizen. He was locked up with Ghosn initially. The SEC may investigate his pay by Nissan. If Nissan purchased or rented properties on behalf of Kelly and did not report it, then Nissan is guilty of improper reporting.

0 ( +0 / -0 )

And as many of you cheer this problem for Nissan, do remember that any reversal will impact the hundreds of thousands jobs of middle class working class America.

So? Have you ever stopped to read the title of the web page here? Notice it says JAPAN.

Just how many middle-class workers here NOW are getting screwed by all sorts of corporations, including Nissan? The folks over there can take care of themselves.

You ask how? Just how many of Nissan's workers here in Japan are full-time and not contracted? (Don't compare to the US because it's a different system.) More and more are contracted here, meaning less stability, fixed incomes, and no opportunities to advance. Nissan and other corporations are making money like crazy, but their employees here are getting shite.

Misery likes company!

3 ( +3 / -0 )

'

PsychoPhysco : Greg Kelly.... a U.S. Citizen. . . . The SEC may investigate his pay by Nissan. 

.

Oh yes. SEC is on it. No escape.

.

That is also probably ONE reason Jose Munoz, former Chairman of Nissan North America quit a few weeks back.

.

He saw it coming. .buying him time.

0 ( +0 / -0 )

JJ Jetplane: Ghosn and Kelly has been with the Company for over 10 years. That means their actions could have directly defrauded investors and it is highly unlikely that two people could have run a scheme such as this so it also means that company itself could have defrauded investors. 

Excellent point.

.

The SEC is a bloodhound; and, not only Ghosn & Kelly but others, like Munoz (former Chair of Nissan NA) ,as well as Nissan itself are in their crosshairs.

.

Renault may wish Nissan out of the picture. :-).

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites