Keyword Search: Misconduct
1 Article
Source: CBS News

Nissan says chairman Ghosn to be dismissed for misconduct

Today 11:45 GMT

Nissan Motor said it plans to dismiss chairman Carlos Ghosn after an internal investigation found he under-reported his income and engaged in other "significant misconduct."

He was widely praised in Japanese industry circles for delivering sorely needed cost cuts and introducing greater efficiency at a time when Nissan needed a fresh start.

1 Article
Source: DW

Nissan chairman Carlos Ghosn arrested over financial misconduct

Today 10:49 GMT

Nissan Motor Company said on Monday it was moving to fire Carlos Ghosn from his post as chairman after Japanese media reported he was arrested for using company money for personal use and engaging in other serious acts of misconduct.

Nissan said Ghosn and Kelly "have been reporting compensation amounts in the Tokyo Stock Exchange securities report that were less than the actual amount, in order to reduce the disclosed amount of Carlos Ghosn's compensation." "Nissan deeply apologizes for causing great concern to our shareholders and stakeholders.

1 Article
Source: Common Domain

Nissan to Remove Carlos Ghosn as Chairman, Says Acts of Misconduct Uncovered

Today 08:04 GMT

Nissan Motor Co. NSANY 0.11% said it has uncovered numerous significant acts of misconduct by Carlos Ghosn and intends to oust him as chairman.

Nissan said that in regards to Mr. Ghosn, “numerous other significant acts of misconduct have been uncovered, such as personal use of company assets.” The Japanese news reports said Mr. Ghosn was being interrogated on charges that he understated his income, causing the company to file allegedly false reports to Japanese securities regulators.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte