[lmm]

> it's not a credit to Carlos that many of his schemes to steal tens of millions of dollars in the future were discovered before he could do so.

It's weird and misleading to describe money he never received and will never receive as "undisclosed compensation".

> Nissan’s CFO was falsely told that the LTIP awards were a broad-based grant to numerous Nissan participants rather than that the vast majority was for Ghosn and included exchange rate protection on the inflated retirement allowance. Relying on this false information, Nissan’s CFO approved and signed off on the LTIP expense request, and the amounts were recorded over three fiscal years. Nissan’s CFO would not have approved booking the LTIP expense without additional disclosure if he had known the truth about its actual intended use.

Right, that's the same part I was reading. The CFO is evidently claiming now that he was deceived back then, let's see what the evidence for that looks like.

From the fact that we have all these detailed figures and calculations, it looks to me very much like the CFO, board and finance department were in on the whole thing. This isn't him secretly taking money out of the vault, it's the company doing accounting tricks to pay him in a way that's more tax-efficient and then flipping it into saying he was stealing from them when they decide to get rid of him.

[mikeyouse]

> It's weird and misleading to describe money he never received and will never receive as "undisclosed compensation".

That's literally just basic accounting. If you are required to report all compensation someone earns and they get $100k salary, $100k bonus, and you put $800k into a retirement account with their name on it - you can't say they only made $200k last year. They only reason he will never receive this undisclosed compensation is because the plot and the blatant illegality was discovered.

And lol, of course his is using the pilfered funds to setup his son in Silicon Valley where he worked for Joe Lonsdale.

https://archive.is/ijY1o

[lmm]

> If you are required to report all compensation someone earns and they get $100k salary, $100k bonus, and you put $800k into a retirement account with their name on it - you can't say they only made $200k last year.

And yet the vast majority of large Japanese corporations do exactly that, and the Japanese court acquitted him on that exact fact pattern for all but one of the years they examined.

[mikeyouse]

You keep referring to a court case but I think you’re talking about Kelly’s? Ghosn has never had a trial in Japan, so he hasn’t been acquitted (or convicted) of anything. Even if the pension deceit was somehow above board, there’s still the inconvenient 140ft yacht unknowingly paid for with Nissan funds and registered to Ghosn’s son’s shell company parked in a bay near Beirut that multiple different courts have found was illegally obtained..