Ex-Nissan CEO Ghosn settles SEC charges over $140 million in undisclosed pay
CEO Carlos Ghosn and former director Gregory Kelly over false financial disclosures that omitted more than $140 million in total compensation.$90 million of his own pay
The commission said Nissan omitted more than $140 million in undisclosed compensation and retirement benefits for Ghosn in its financial disclosures. The sum was never paid to Ghosn, the SEC stated. The commission also charged Nissan with violating anti-fraud provisions, which the company settled by agreeing to pay a $15 million civil penalty. The SEC also accused Ghosn with violating the securities laws and Kelly with aiding the violations.
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