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Kellyâs testimony at the Tokyo District Court on Wednesday started the final phase of proceedings in a trial that began eight months ago. During that time, Kelly has sat quietly as current and former Nissan executives, experts and other witnesses took the stand. Flanked by his lawyers and taking notes, he occasionally leans to one of them to ask questions.
His wife Dee attends most days, unless she needs to be at the Japanese school where she enrolled in order to obtain a student visa to be with her husband. Proceedings are slow, because every question and answer is translated into English or Japanese.
Ghosn was retention risk, Nissan s Kelly says at trial
Ghosn was retention risk, Nissan s Kelly says at trial
The former director was concerned that Ghosn s compensation was too far below international norms
Bloomberg
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Greg Kelly, Nissan s former representative director, arriving for the first trial hearing at the Tokyo District Court.
Former Nissan 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 automaker.
“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,” Kelly said in response to questions by his defense counsel. He denied that there was a conspiracy to inflate the executive’s pay.
In this Sept. 29, 2020, file photo, former Nissan Motor Co. Chairman Carlos Ghosn holds a press conference at the Maronite Christian Holy Spirit University of Kaslik north of Beirut, Lebanon. (AP Photo)
Nissan Chairman Carlos Ghosn told prosecutors during questioning on financial misconduct charges before he fled Japan that his compensation was never decided upon, according to records presented in Tokyo District Court on Tuesday.
Ghosn said the plans were just a “reference,” said a defense attorney for Greg Kelly, a former Nissan executive on trial in connection with alleged underreporting of Ghosn’s pay by about a billion yen ($10 million) per year.