SMBC Nikko chief to take pay cut over insider trading

TOKYO, Japan - SMBC Nikko Securities Inc. President Eiji Watanabe (R) and other company executives bow in apology during a press conference at the Tokyo Stock Exchange on Aug. 7, 2012. The company said it will cut Watanabe's executive compensation by 30 percent for four months after a former corporate officer at the brokerage was indicted over an insider trading scandal.

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2012/8/07 00:00:00

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Kyodo / Kyodo News Images

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2012 Kyodo News

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