Monday , August 15 2022

Nissan board meets to sacrifice Carlos Ghosn for "serious misconduct" – live business | Business


Carlos Ghosn: What the newspapers say

Newspapers and magazines are being displayed for sale at a kiosk in Tokyo, Japan. "Src =" = format & fit = max & s = 1e068610cf88d999f83778bcda0eaf70

Newspapers and magazines are being displayed for sale at a kiosk in Tokyo, Japan. Takashi Aoyama / Getty Images pictures

Japan is caught by the fall of the grace of one of the most successful and popular bosses (by this week).

The Japan Times noted that Nissan's Hiroto Saikawa accused Ghosn's alleged violations in a "regime where all of Nissan's power has been concentrated in Ghosn's hands for a long time."

The newspaper added:

"If that is the case, Nissan himself has allowed such opaque management routes at the company for nearly 20 years, and the carmaker will not blame his bad governance, which could harm the interests of stakeholders ".

Yomiuri Shimbun said Nissan's prospects "became increasingly unclear" as a result of Ghosn's arrest. "Nissan must strive to improve its organization by means such as repairing corporate governance so that it can rush to restore confidence," he said.

A sitesahi Shimbun described the events this week as "stunning" and asked Nissan to fully disclose the results of its internal investigation into Ghosn and Greg Kelly.

"The company is in danger of falling into disrepair if it does not do its best to disclose what its shareholders can do and take steps to cope with the current crisis."

Mainichi Shimbun said that the charges against Ghosn, if proven true, were "a treacherous act of betrayal" and "the distorted product of a long-term dictatorship." Added:

"The carmaker needs to go through a fundamental review of its leadership in an effort to gain the confidence of shareholders and the market."

Agenda: Nissan meeting to eliminate Ghosn today


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