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Nissan fined for allegedly hiding chairman's pay

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Nissan Motor Co. and its former chairman, Carlos Ghosn, have been fined for allegedly failing to disclose more than $140 million in pay to the executive.

Nissan was slapped with a $15 million fine, while Ghosn was ordered to pay $1 million, according to the U.S. Securities and Exchange Commission.

SEC officials allege Ghosn had authority over company pay decisions, even so much as to set his own compensation.

Read more from Bloomberg.

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