- chief executive
- 辞任する（後出 resignation は辞表、辞任）
- （ここでは）不当な（後出 illicitly は不正に）
- misconduct allegation
- draw a parallel
- ancient Roman senator
- cash in
- stock scheme
- internal investigation
Nissan Chief Executive Saikawa resigns over dubious income
Nissan Chief Executive Saikawa Hiroto handed in his resignation on Sept. 9 after acknowledging that he had received dubious income.
"It would have been better if I had been able to resolve everything first," Saikawa told reporters at the company's headquarters in Yokohama.
Saikawa's predecessor, Carlos Ghosn, who led Nissan for two decades, is awaiting trial on financial misconduct allegations.
The French daily Figaro called Saikawa "Brutus," drawing a parallel between the Nissan head and the ancient Roman senator who betrayed and helped kill his friend and Rome's leader, Julius Caesar.
Board member Kimura Yasushi earlier announced that the board had approved Saikawa's resignation, effective on Sept. 16.
The dubious income was linked to the stock price of Nissan Motor Co. Saikawa said his pay was inflated after the date for cashing in on the stock scheme was illicitly adjusted. He has said he was unaware of the adjustment.
The internal investigation found that Saikawa had received 47 million yen in inappropriate extra compensation.
(Compiled from AP and Mainichi reports)