New Nissan pay scandal highlights need for Japan Inc reforms

Shinzo Abe trusted companies would voluntarily improve standards

Avatar
20190906 Hiroto Saikawa presser.jpg

Nissan Motor CEO Hiroto Saikawa attends a press conference on Mar. 12: the company's mess is a reminder that fossilized practices die hard. © NurPhoto/Getty Images

Carlos Ghosn could be excused for indulging in a little malicious glee as Nissan Motor CEO Hiroto Saikawa stumbles through his own compensation woes.

Since Ghosn's dramatic downfall last November, arrested for allegedly underreporting his income, the former chief of the Nissan-Renault-Mitsubishi alliance has been kept largely out of view with long spells in police detention.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.