Nissan's board sharply cut the exit package of ousted Chief Executive Hiroto Saikawa, who presided over a pronounced decline in the car maker’s earnings
TOKYO—Nissan Motor Co.’s board sharply cut the exit package of ousted Chief Executive Hiroto Saikawa, who presided over a pronounced decline in the car maker’s earnings, according to people familiar with the decision.
The company’s human-resources staff initially calculated that Mr. Saikawa was due around $15 million as a lump sum upon his departure from the company, but the board decided to pay him about $3 million, these people said.
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