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Nissan Chief: Board to Forego Bonus Pay

Nissan Chief Executive Carlos Ghosn told shareholders today that the Japanese automaker's board members will forego their bonus pay to take responsibility for poor performance, according to the Associated Press.

Ghosn acknowledged at a hall packed with more than 2,100 shareholders, a record attendance for Nissan, in Yokohama, south of Tokyo, that the company had not met its targets for fiscal 2006.

Posted by   at 10:34 AM to Nissan | Permalink

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