Nissan Motor Co. Chief Executive Hiroto Saikawa attends a press conference in Yokohama, near Tokyo Monday, Dec. 17, 2018. (AP Photo/Koji Sasahara)
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Nissan Motor Co. was embroiled in another scandal over executive pay Thursday after Chief Executive Hiroto Saikawa admitted to being overpaid in violation of internal procedures under a scheme designed by ousted Chairman Carlos Ghosn.Confidence in Saikawa had already been shaken by accusations he was too close to Ghosn, whose arrest in November rocked the global auto industry and exposed tensions in the automaking partnership between Nissan and Renault SA.The latest compensation issue could exacerbate tensions with top shareholder Renault, after a failed attempt by the French automaker to secure a full merger with Nissan and to combine Renault with Fiat Chrysler (FCA).
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