Nissan to Cancel Ghosn's Retirement, Stock-Linked Compensation
- Carmaker seeking to distance itself from fallen car tycoon
- Ghosn will no longer get retirement benefits of $41 million
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Nissan Motor Co. is canceling yet-to-be-paid compensation benefits for Carlos Ghosn, in the latest steps taken by the Japanese automaker to distance itself from its former chairman.
Ghosn, who was arrested in November on charges of financial misconduct, will no longer receive unpaid retirement benefits of 4.44 billion yen ($41 million), Nissan disclosed in a stock filing Thursday. A 2.27 billion yen share-price-linked plan, called stock appreciation rights, is also being canceled, Nissan said.