American father, son sent to Japan prison in Ghosn escape
A Tokyo court handed down prison terms for the American father and son accused of helping Nissan’s former chairman, Carlos Ghosn, escape to Lebanon while awaiting trial in Japan. Michael Taylor was sentenced Monday to two years in prison, while his son Peter was sentenced to one year and eight months. Lebanon has no extradition treaty with Japan.news.yahoo.com
Nissan CEO tells Tokyo court Carlos Ghosn had too much power
Nissan Chief Executive Makoto Uchida told a Japanese court on Wednesday that the company’s former chairman, Carlos Ghosn, had held too much power, failed to listen to others, and stayed on for too long. Uchida said Wednesday that those were factors that led to financial misconduct charges for Ghosn. Greg Kelly, an American former executive vice president at Nissan, also is on trial on charges of failing to fully report Ghosn’s compensation.news.yahoo.com
5 key takeaways from AP's interview with Carlos Ghosn
In a wide-ranging interview with The Associated Press, former star auto executive Carlos Ghosn shared his frustrations surrounding his stunning downfall and delved into his legal troubles in Japan, France and the Netherlands, his brazen escape from Japan and his new life trapped in Lebanon. Ghosn said he is adapting to the reality of life in Lebanon, where he grew up and is regarded as a hero, and says he feels safe and “free” here.news.yahoo.com
American on trial in Japan gets support from ex-boss Ghosn
Former Nissan chairman Carlos Ghosn has backed his former colleague American lawyer Greg Kelly’s insistence he is innocent of any wrongdoing. Ghosn said in an interview with The Associated Press in Beirut, Lebanon, on Tuesday that Kelly, a former Nissan executive vice president, had sought only legal methods to arrange post-retirement compensation for his boss. Kelly was arrested at the same time as Ghosn in Tokyo in November 2018 and is charged with falsifying securities reports.news.yahoo.com
American tells Japan court he worked for Nissan's interests
An American lawyer on trial in Japan on charges related to reporting of former Nissan Chairman Carlos Ghosn’s compensation asserted his innocence Wednesday, testifying he acted legally and in Nissan's best interests. Greg Kelly, a former executive vice president at Nissan Motor Co., told the Tokyo District Court he was worried Ghosn might job-hop after taking a big pay cut in 2010, when Japan began requiring disclosures of high executive pay.news.yahoo.com
Japan charges Americans with helping Ghosn flee, jump bail
Japanese prosecutors have charged two Americans, Michael Taylor and his son Peter, in connection with the escape of former Nissan Chairman Carlos Ghosn to Lebanon. (DHA via AP, File)TOKYO – Japanese prosecutors charged two Americans, Michael Taylor and his son Peter, Monday in the escape of former Nissan Chairman Carlos Ghosn to Lebanon, while he was out on bail. Prosecutors said the Taylors were formally charged with helping a criminal escape, although dates and other details of a trial were undecided. Japan has put Ghosn on Interpol’s wanted list, but Lebanon has no extradition treaty with Japan. Peter Taylor, 28, is accused of meeting with Ghosn and helping his father carry out the escape.
AP Interview: Lawyer says Kelly innocent of Ghosn pay scheme
The lawyer for former Nissan Motor Co.'s executive Kelly, said his client was merely trying to prevent Ghosn from going to a rival automaker. At the time, Kelly, then a Nissan executive vice president, was making good money, had a successful career and moreover, was a lawyer. “He talks like a lawyer, and he thinks like a lawyer,” Kitamura said. Kelly, according to Kitamura, was just working out ways to pay Ghosn after retirement, through consulting fees and arranging a “non-compete” to prevent him from going to a rival automaker. “That would be the last day Greg would stay in Japan,” Kitamura said.
EXPLAINER: Japan to try US men accused of helping Ghosn flee
Two Americans suspected of helping Ghosn skip bail and escape to Lebanon in December 2019 have been extradited to Japan. (AP Photo/Hussein Malla, File)TOKYO – Two Americans suspected of helping former Nissan Chairman Carlos Ghosn skip bail and escape to Lebanon in December 2019 have been extradited to Japan. The box passed through airport security in Osaka, central Japan, and was loaded onto a private jet that flew Ghosn to Turkey. Peter Taylor is accused of meeting with Ghosn and helping his father carry out the escape. Japan has put Ghosn on Interpol's wanted list, but Lebanon has no extradition treaty with Japan.
Nissan ex-CEO tells Japanese court Ghosn's pay was too low
Former Nissan Chief Executive Saikawa told a Japanese court Wednesday, Feb. 24, 2021, he believed the compensation for his predecessor Carlos Ghosn was too low by international standards, and so he supported Ghosns retirement packages to prevent him from leaving. An American, he has been charged with financial misconduct in failing to fully disclose Ghosn’s future compensation. Ghosn led Nissan for two decades, salvaging the Japanese automaker from the brink of collapse. In the cross-examination by Kelly's defense lawyer Yoichi Kitamura, Saikawa said the several documents he signed were not about Ghosn's unpaid compensation but for services after Ghosn's retirement. When asked why he signed the documents, Saikawa said he trusted Kelly.
Trump repeats election claims in interviews, is unchallenged
(AP Photo/Carolyn Kaster, File)NEW YORK – In the first television interviews of his post-presidency, Donald Trump repeated his false claims that the election was stolen from him 10 times — each instance unprompted and unchallenged. Trump emerged this week for interviews with Fox News Channel, Newsmax and One America News Network tied to the death of Rush Limbaugh. Nearly a month after he left office, Trump drove his point home on each network:— "The election was stolen," he told OANN's White House correspondent Jenn Pellegrino. Kelly referred to “President Trump” and “Joe Biden.”Ad“A lot of people are in awe of you, and I am one of those people,” Kelly told Trump. Trump fans weren't much interested in the trial, anyway, but during coverage of the second day of the impeachment managers' argument to convict Trump, Fox News Channel's audience was only 815,000, the Nielsen company said.
Nissan stays in red ink amid pandemic, Japan criminal trial
Nissan Motor Co. reported a 37.8 billion yen ($360 million) loss for October-December, bigger than the 26 billion yen loss racked up the previous year. But they still lag, at about a million vehicles for the quarter, down from 1.2 million vehicles a year ago. Chief Executive Makoto Uchida told reporters the annual sales forecast was lowered to about 4 million vehicles from an earlier 4.2 million vehicles. High-ranking people at Nissan, including Ghosn, were convinced his pay would come under criticism, according to testimony from several Nissan officials. AdJapanese prosecutors have argued the convoluted efforts to pay Ghosn without disclosing the full amount constitute a white-collar crime.
Fox News shuffles daytime lineup; CNN makes changes
Both Fox and CNN announced schedule changes on Monday, Jan. 11, 2021. Both Fox and CNN announced lineup changes Monday, as is often the case for news organizations with a new president about to take power. For years, first with Shepard Smith and then with MacCallum, Fox has stressed news instead of opinion in that hour. In fact, Newsmax issued a statement that its improved daytime and 7 p.m. ratings since the election has triggered changes at Fox. Since the election, CNN has averaged 1.92 million viewers in those daytime hours, with Fox and MSNBC both at 1.53 million.
Does Electoral College end election for conservative media?
“As conservative media proliferated, it put a lot more pressure on the hosts to move to the right and embrace warfare politics,” Rosenwald said. This is a business.”Hemmer said she expects the Electoral College vote will begin to shift the narrative from “the election is undecided" to “the election was stolen.”The difficulty of that transition was evident in coverage of the Electoral College voting. With Congress meeting Jan. 6 to formally count the Electoral College vote, Kelly said, “the way I read it, we won't have a president-elect until then.”CNN treated it like a second election night, keeping a running tally of Electoral College votes on the screen. The Electoral College vote led Bret Baier's newscast, which was not a given considering COVID-19 vaccinations began Monday. Meanwhile, daytime anchor Bill Hemmer's hourlong newscast didn't even mention the Electoral College.
Trump-friendly Newsmax seeks to cut into Fox’s viewership
(Newsmax via AP)NEW YORK – Now that his largely invisible network has suddenly been flooded by fans of President Donald Trump, Newsmax television personality Grant Stinchfield is puffing out his chest. “We’ve really cornered Fox from the right,” said Chris Ruddy, Newsmax founder and friend of Trump. Fox’s prime-time viewership during the two weeks after the election was up 50 percent over last year. For Newsmax, a big question is whether its programming is compelling enough to hold viewers who are clearly sampling. Besides Kelly, former Trump press secretary Sean Spicer is Newsmax’s best-known personality.
Nissan's damages case against absent Ghosn opens in Japan
TOKYO – A civil court trial began Friday in Japan over Nissan’s demand for 10 billion yen, or $95 million, in damages from its former chairman, Carlos Ghosn. Ghosn jumped bail late last year while awaiting a separate criminal trial in Japan. “The current Nissan civil lawsuit is an extension to the extremely unreasonable internal investigation with sinister intent by a portion of Nissan’s senior management and the unreasonable arrests and indictments by the public prosecutors,” Ghosn said. For the civil trial, Ghosn has hired acclaimed lawyer Nobuo Gohara, who has written a book of interviews with Ghosn. Tokyo prosecutors say they’re confident they have a case against Ghosn, as well as against Kelly.
Japanese automaker Nissan posts loss amid pandemic, scandal
Nissan Motor Co. had a profit of 59 billion yen in July-September of 2019. Yokohama-based Nissan reported Thursday its quarterly sales dipped to 1.9 trillion yen ($18 billion) from 2.6 trillion yen a year earlier. The company is still bleeding red ink and expects a 615 billion yen ($5.8 billion) loss for this fiscal year, which ends in March. That is still an improvement over its earlier projection for a 670 billion yen loss ($6.4 billion). Nissan posted a 671 billion yen loss in the previous fiscal year.
Defense begins questioning in Japan trial over Ghosn's pay
Since the trial began in September, Kelly has only presented a brief opening statement insisting on his innocence. Ghosn jumped bail and fled the country for Lebanon late last year, saying he feared he could not get a fair trial. In cross-examining Wednesday, Ohnuma told the court that Kelly did not know how much Ghosn was paid, as that was highly confidential at Nissan. The testimony suggested Kelly played a minor role in being consulted to study legal ways to pay Ghosn. Beginning in 2010, Japan started requiring public reporting of individual executives’ pay over 100 million yen ($1 million) in securities reports.
Nissan employee testifies against American on trial in Japan
TOKYO – A Nissan employee testified Tuesday that he worked with another former Nissan executive, American Greg Kelly to find ways to pay the automaker's former chairman, Carlos Ghosn without fully disclosing his compensation. Disclosing annual executive pay over 100 million yen (about $1 million) became a requirement in Japan from 2010. After 2014, Kelly handed over his duties dealing with pay to another Nissan executive, Hari Nada, Ohnuma said. “We worked together to consider how to avoid disclosure of the unpaid compensation,” Ohnuma said of his work with Kelly. Kelly, a former Nissan executive vice president, is the only person to stand trial in what prosecutors have portrayed as a systematic plot to under-report Ghosn’s compensation.
Japan begins trial of Nissan, ex-executive over Ghosn's pay
Former Nissan Motor Co. executive Greg Kelly arrives for the first trial hearing at the Tokyo District Court in Tokyo Tuesday, Sept. 15, 2020. Japanese prosecutors outlined allegations of what they said was a complex and clandestine scheme to pay former star executive Carlos Ghosn. (Kiyoshi Ota/Pool Photo via AP)TOKYO – The financial misconduct trial of former Nissan executive Greg Kelly opened Tuesday. Japanese prosecutors outlined allegations of what they said was a complex and clandestine scheme to pay former star executive Carlos Ghosn. As is routine in Japanese trials, Tokyo District Prosecutors read from a long opening statement outlining their allegations.
Q&A: What to expect from trial of Nissan, ex-director Kelly
FILE - In this Friday, April 20, 2018, file photo, Nissan Chairman Carlos Ghosn speaks during an interview in Hong Kong. The criminal trial against Japanese automaker Nissan and its former executive Greg Kelly will open in Tokyo District Court on Sept. 15. (AP Photo/Kin Cheung, File)TOKYO – The criminal trial against Japanese automaker Nissan and its former executive Greg Kelly will open in Tokyo District Court on Tuesday. A: Prosecutors will present their opening statement, outlining their case against Kelly during the first day of the trial. When asked about the trial, Tokyo Deputy Chief Prosecutor Hiroshi Yamamoto said little beyond reiterating his confidence there was plenty of evidence to win a conviction.
Nissan's Ghosn gone, American Kelly faces Japan trial alone
(AP Photo/Maya Alleruzzo, File)TOKYO His boss Carlos Ghosn escaped financial misconduct charges by fleeing the country, but another former Nissan executive is still awaiting trial in Japan: Greg Kelly. Kelly's trial in Tokyo District Court is to open Sept. 15, nearly two years after his arrest, and the same day he turns 64. Jamie Wareham, Kellys lawyer in the U.S., says a compensation agreement was never finalized. Tokyo Deputy Chief Prosecutor Hiroshi Yamamoto said the preparations for Kellys trial took a long time because of the massive amounts of evidence involved. Since Japan has no extradition treaty with Lebanon, its unlikely Ghosn will ever face trial.
Nissan's Ghosn gone, American Kelly faces Japan trial alone
(AP Photo/Maya Alleruzzo, File)TOKYO His boss Carlos Ghosn escaped financial misconduct charges by fleeing the country, but another former Nissan executive is still awaiting trial in Japan: Greg Kelly. Kelly's trial in Tokyo District Court is to open Sept. 15, nearly two years after his arrest, and the same day he turns 64 . If convicted of charges related to alleged under-reporting of Ghosn's income, Kelly could face up to a decade in prison. Jamie Wareham, Kellys lawyer in the U.S., says a compensation agreement was never finalized. Tokyo Deputy Chief Prosecutor Hiroshi Yamamoto said the preparations for Kellys trial took a long time because of the massive amounts of evidence involved.
Scandal-tarnished Nissan shows off production innovation
Executive Vice President Hideyuki Sakamoto said the CFRP parts will be used in mass-produced sport-utility vehicles in four or five years, thanks to a new casting procedure for the poured resin. The cost savings come from shortening the production time from about three or four hours to just two minutes, Sakamoto said. But Nissan boasts great engineering technology.Nissan's troubles arent over, as its bottom line has been slammed by the coronavirus pandemic. Nissan also faces financial misconduct charges related to under-reporting Ghosns compensation, in a Tokyo trial that opens Sept. 15. In brighter news, Nissan is planning to unveil a new version of its flagship Z sports car at about the same time.
Reports: Nissan failed to report income for Ghosn in Japan
TOKYO The case against former Nissan executive Carlos Ghosn may have taken another turn as Japanese media report allegations that the automaker declared as expenses 1.15 billion yen ($10.8 million) in his taxable personal income. Japans National Tax Agency said Thursday it was aware of the reports but declined comment on an individual case. Nissan Motor Co. confirmed it had received a notice of a tax investigation from Japanese authorities. Such expenditures included 1 billion yen ($9.4 million) over five years through March 2019, and 150 million yen ($1.4 million) over three years before that, the reports said. The trial of another former Nissan executive, Greg Kelly, arrested with Ghosn, is scheduled to start next month.
Ghosn gone, other Nissan former executive set to face trial
Sign of Tokyo District Court is seen where former Nissan Motor Co.'s executive Greg Kelly arrives for a pre-trial meeting in Tokyo Thursday, July 30, 2020. Former Nissan executive Kelly, who was arrested in connection with the financial scandal of his ex-boss Carlos Ghosn, will soon face trial in a Tokyo court. (AP Photo/Eugene Hoshiko)TOKYO Former Nissan executive Greg Kelly, who was arrested in connection with the financial scandal of his ex-boss Carlos Ghosn, will soon face trial in a Tokyo court. Ghosn has publicly denounced the allegations as groundless and accused Nissan officials of a conspiracy to oust him. While Kelly is asserting innocence, Nissan has acknowledged guilt, seeking to distance itself from Ghosn and Kelly.