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Nissan, Ghosn Fined Over Claims They Hid $140 Million in Pay (2)

Sept. 23, 2019, 2:12 PM; Updated: Sept. 23, 2019, 6:39 PM

Nissan Motor Co. and Carlos Ghosn settled a 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 statement Sept. 23.

The SEC said the Japan-based automaker granted Ghosn broad authority over the company’s pay decisions, with the startling power to...

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