Alva Review-Courier -

Nissan board fires Ghosn as chairman following arrest

 

November 23, 2018



TOKYO (AP) — Nissan Motor Co. fired Carlos Ghosn as chairman Thursday, curtailing the powerful executive's nearly two decade long reign at the Japanese automaker after his arrest for alleged financial improprieties.

In an hours-long meeting, the company's board of directors voted unanimously to dismiss Ghosn as chairman and as a representative director, Nissan said in a statement. It said its own internal investigation, prompted by a whistleblower, found serious misconduct including under-reporting of his income and misuse of company assets.

It was a stunning downfall for one of the bigge...



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