Ghosn Is Said to Have Used Deferred Pay to Downplay Compensation

The video discusses allegations against a Nissan executive regarding deferred compensation and personal trading losses. It highlights the importance of disclosing deferred compensation plans, which are similar to enhanced 401Ks, and the accusations of using company funds for personal benefit. The executive denies these allegations, but Japanese authorities insist on the need for disclosure.

What was the executive accused of in the initial allegations?

• Downplaying his compensation by deferring it

• Hiring unqualified personnel

• Selling company secrets

• Using company funds for a personal vacation

How is a deferred compensation plan similar to a 401K?

• It is a loan from the company

• It is a type of health insurance

• It is a retirement savings plan

• It is a short-term investment strategy

What is required of companies regarding deferred compensation plans?

• They must be kept confidential

• They should be used for personal expenses

• They must be converted to stocks

• They should be disclosed in company filings

What did the executive deny in the final section?

• Hiring family members

• Selling company assets

• Reporting deferred compensation

• Using company funds for personal benefit

What did Japanese authorities claim about the executive's reporting obligations?

• He was not required to report anything

• He was supposed to report the deferred compensation

• He should have reported his travel expenses

• He needed to disclose his personal investments