Nissan, Ghosn Fined Over Claims They Hid $140 Million in Pay
- Ex-chairman agrees to a director bar in settlement with SEC
- U.S. regulator also settles case against ex-board member Kelly
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Nissan Motor Co. and Carlos Ghosn settled U.S. regulators’ claims that they failed to disclose more than $140 million in pay to the embattled ex-chairman, one of the first legal accords in a saga that has put the automaker on its heels and tarnished the reputation of a business icon.
Nissan was fined $15 million over the allegations, while Ghosn, 65, was hit with a $1 million penalty, the Securities and Exchange Commission said in a Monday statement.