Ghosn, Nissan Execs To Forego Bonuses After Dismal Year

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conan
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Joined: Tue Jul 13, 2004 17:34

Ghosn, Nissan Execs To Forego Bonuses After Dismal Year

Post by conan »

The Way It Should Be: Ghosn, Nissan Execs To Forego Bonuses After Dismal Year

Carlos Ghosn is reputedly one of the best-paid executives in Japan. Even so, along with other eight Nissan executives, Ghosn is to announce next week that he will forfeit his annual director’s bonus—that’s according to a story running in the Japanese press.

Even though Ghosn’s totally transformed Nissan into a major profit machine since arriving in 1999, last year was a rough one for the company, and results for the 12-month period to March 31, 2007 came in below expectations.
A very gentleman thing to do :e-clap: