Carlos Ghosn was a ‘retention risk’ after voluntary pay cut, Nissan executive says at trial

Carlos Ghosn was a ‘retention risk’ after voluntary pay cut, Nissan executive says at trial

Former Nissan Motor director Greg Kelly testified in court in Tokyo for the first time, saying he considered Carlos Ghosn a flight risk after the ex-chairman voluntarily reduced his own pay, and that he looked for legal ways to keep him at the car maker.

“I and other executives believed that after Mr Ghosn reduced his salary, well below that of other global executives, that Mr Ghosn was a retention risk,” Mr Kelly said in response to questions by his defence counsel. He denied that there was a conspiracy to inflate the executive’s pay.