SEC charges Nissan, ex-CEO Ghosn with hiding $140 mil from investors

How about Saikawa hiding cash from investors?

It's a "finable" offense, and not one that should have landed him in detention for as long as he was, along with the fact that no one else from Nissan, besides him and Kelley were taken into custody.

of course , conspiracy theorists:

"Ghosn is innocent, he is a good man, he is being persecuted, he has done nothing wrong..."

Fortunately, the SEC is thinking clear, and Ghosn as well. He is well too happy to part with 1,000,000$ "only" and 10 years of being an executive (anyway who would like to hire him these days ? lol)

Congrats Carlos, you (apparently) solved the US case [until the next case in the US ???], you can focus on your case in Japan, but also in France, and everywhere else people are remembering your deeds.

Well well...

At least we have the facts out in the open. Yet another example of selfish behavior by a CEO, but not something you typically throw someone in solitary for. Your move Japan.

Throw them all in jail and keep them there.

Interesting how things are reported in the US, Vs Japan.

https://www.wsj.com/articles/nissan-ghosn-settle-with-sec-over-pay-disclosures-11569254922

"Simply put, Nissan's disclosures about Ghosn's compensation were false," said Steven Peikin, Co-Director of the SEC's Division of Enforcement.  "Through these disclosures, Nissan advanced Ghosn and Kelly's deceptions and misled investors, including U.S. investors."

If you are not friend of the WSJ, maybe the official Press Release of the SEC will do https://www.sec.gov/news/press-release/2019-183

This does not help Ghosn with his trial in Japan.

I guess the plan is to just keep charging him with stuff until something sticks. I wonder how long it will take to get down to cutting the tag off his mattress.

@Fagui Curtain

I don't recall a large outcry from commenters declaring him innocent, but rather speaking out against Japan's hostage justice system. Keeping him locked up to interrogate him for months on end with no formal charges while they search for proof, seemingly at the request of Nissan/Saikawa. A bit draconian, don't you think?

The indictment of Carlos Ghosn in Japan is a consequence of the fairly recent Toshiba scandal and its attendant, preposterously new-found acknowledgement of accountability to foreign stakeholders. Ghosn had a reasonable expectation—reinforced, if not explicitly stated, by Nissan board members—that Japanese corporate governance remained sovereign and opaque. Atop the established disparity between Ghosn's declared remuneration and the miraculous turnaround he engineered at Nissan (not to mention the book value he could have earned anywhere else), he deserved much more than he was promised, and he took much less than he was promised.

Japan's regulators will be glad to dispose of the matter having gained a sense of perspective on how seriously the SEC intends to pursue such matters in future.

This is such a mess, prosecutors flung themselves at Gosan and Kelly after Saikawas sneaky, secret internal report. But as he obviously used the new whistle blower laws made a deal and walks, even though he did exactly the same thing as the tourtured, accused. Should these laws apply to all CEOs in Japan the courts and prosecutors would be overwhelmed. Best just get the foreigners seems to be the decision. The Inquestiion operated in a very simulular way. So Japans justice system is only 500 years out of step

that's good news I guess.

. The Inquestiion operated in a very simulular way. So Japans justice system is only 500 years out of step

Japans justice system is in-step and lenient for Japanese, but (as the above comment states) 500 years out of step if you not Japanese.

Lesson for today for all of this : Japans law only protects Japanese interests.

How much money does one really need to lead and live a happy good life?

How much money does one really need to lead and live a happy good life?

Really depends upon just whom you are asking this question to. Ask the beggar on the streets and you will get one answer that even you would think is too little, and then ask Trump in the White House, and you'll probably think it's insane.

While it's probably not your intent, it's a pretty naive and judgement type of question, with no real answer, because to each person, it's a different answer.

Personally speaking, $20 or $30 Million, tax free, would do me rather nicely. I'll settle for less, but to "lead and live" my life? Yeah that's what I NEED!

First Japanese officials brought charges and now the United States, SEC, is bringing charges against the company under Goshn . . . it's very obvious who is to blame.

Ghosn was found guilty and fined. Then again his supporters will read into that anything that they want to. The fact remains - GUILTY.

does anyone care? no. garbage news

@Chipstarr

The SEC cannot fine Saikawa. He was never in charge of the US division and he made no money on US soil. SEC only has domain over actions taken in the US that affects the US. That is why they didn’t fine Saikawa. Ghosn was in charge of all their divisions throughout the world. Saikawa at one point only headed the Japanese division.

Where were all the honest people in this ???.Nissan is a public company in Japan. What abt saikawa ???. U mean the s.e.c is letting him go free ???. This is unfairness most visible. Politics in this again ???.For sure no good foreign brains are going to help japanese again Unless saikawa is charged too. I for one will be taking on this case again.