Date TimeSeptember 04, 2019
VoiceNissan Motor Co Chief Executive Hiroto Saikawa admitted to improperly receiving stock-related compensation, Jiji news agency reported, in the latest case of financial misconduct among executives at Japan's second-largest automaker.
Nissan CEO Saikawa admits receiving improper payment: Jiji
The admission raises more questions about Saikawa's ability to steer Japan's No. 2 automaker through a financial crisis in the wake of the arrest last year of former Chairman Carlos Ghosn, as mounting costs and sluggish sales sap profit.
"I am deeply sorry for causing concern," Saikawa said, according to Jiji.

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