TOKYO -- The breach-of-trust allegations against former Nissan Motor Chairman Carlos Ghosn have turned a spotlight on the automaker's CEO reserve, the discretionary fund from which Ghosn paid some $63 million to associates in the Middle East.
The fund, managed through Dubai-based subsidiary Nissan Middle East, was set up around December 2008 at Ghosn's request, according to a source familiar with the matter. It was apparently understood within Nissan as meant to cover large, unexpected expenses, such as providing monetary support after natural disasters.
