Nissan CEO admits receiving excess pay, denies wrongdoing

Japanese automaker Nissan's CEO Hiroto Saikawa has admitted to being overpaid at the firm but denied any wrongdoing, adding he would return the excess amount. An internal Nissan probe reportedly found Saikawa and other executives had received improper compensations. He said the overpayments were made in a scheme created under ousted Chairman Carlos Ghosn who was arrested for financial misconduct.