The auto giant said in a statement Monday that “over many years” Ghosn and board director, Greg Kelly, had been under-reporting compensation amounts to the Tokyo Stock Exchange securities report.
USA Today
CNBC
The auto giant said in a statement Monday that “over many years” Ghosn and board director, Greg Kelly, had been under-reporting compensation amounts to the Tokyo Stock Exchange securities report.
I agree fully here. Ghosn was the lynch pin in all three pieces of the alliance. The French government is having a s*** fit over this whole thing because I believe Ghosn is the only guy who was holding it all together, and they may lose everything.PapaSmurf2k3 wrote: ↑Wed Nov 21, 2018 12:51 pmCould definitely be the end of the Nissan/Renault merger as well.
Ghosn sent $100 mil. to 5 Middle Eastern countries
The special investigation squad of the Tokyo District Public Prosecutors Office is examining this flow of money and has requested assistance from investigative authorities in those nations. This money includes a total of $14.7 million (about ¥1.6 billion) sent from Nissan funds to Ghosn’s acquaintance in Saudi Arabia.
According to sources, the money came from confidential funds called “CEO reserves.” Ghosn apparently ordered his subordinates to establish the fund in around December 2008, when he was Nissan’s chief executive officer. Money from this fund could be disbursed at Ghosn’s discretion.
Of the about $100 million, $14.7 million (about ¥1.6 billion) went to Saudi Arabia, $35 million (about ¥3.9 billion) went to Oman, $20.4 million (about ¥2.2 billion) to Lebanon, $25.6 million (about ¥2.8 billion) to the UAE and $2.5 million (about ¥300 million) to Qatar. This money was sent to Ghosn’s Saudi acquaintance starting from 2009 and to the four other nations from 2011, according to the sources.
Full story here.
I hope so. Also, does this also gives us a proper NISMO branding (instead of no go and all show) and a newer GTR (presumably R36)?