Nissan shareholders furious at scandal, dismal results
TOKYO — Nissan shareholders vented their outrage at the Japanese automaker’s top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.
They got up, one by one, at an extraordinary shareholders’ meeting, demanding that Nissan Motor Co. quickly fix dropping car sales, work harder to repair its battered brand, and have executives give up their pay.
Ghosn, a superstar executive who had led Nissan for two decades, was arrested in November 2018. He was awaiting trial on financial misconduct charges in Tokyo when he skipped bail late last year and escaped to Lebanon.
New Chief Executive Makoto Uchida apologized to shareholders for having “allowed the misconduct” of Ghosn and promised better governance, transparency and financial results, but pleaded for more time.
