With one final vote, Nissan shareholders dump embattled Ghosn
Investors also sought more clarity on how the carmaker plans to recover from the scandal that involves another director Greg Kelly
Tokyo — Nissan Motor shareholders ousted Carlos Ghosn as a director on Monday, severing his last tie with the Japanese carmaker he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds. Days after Ghosn’s latest arrest in Tokyo, shareholders gathered for an extraordinary meeting, expressing bafflement and disquiet about growing allegations of financial misconduct laid out before them, while seeking more clarity on how Nissan plans to recover from the scandal. Meeting shareholders for the first time since Ghosn’s initial arrest in November 2018, Nissan CEO Hiroto Saikawa and Jean-Dominique Senard, the chair of its alliance partner, Renault, said they needed to focus on collaboration and improving governance at the Japanese company. But they offered few concrete details about the way forward. “I can’t comprehend how this could have happened, despite having auditors,” said Setsuko Shibata, a retired housewife who said her family had held N...
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