Nissan shareholders dump Ghosn, seek clarity on company’s future

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Nissan shareholders dump Ghosn, seek clarity on company’s future GlobeBusiness

Carlos Ghosn, former chairman and CEO of the Renault-Nissan-Mitsubishi Alliance. Shareholders voted Monday, April, 8, to remove Ghosn from Nissan’s board of directors.. REUTERS/Regis Duvignau/File PictureNissan Motor Co shareholders ousted Carlos Ghosn as a director on Monday, severing his last tie with the Japanese automaker he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds.

The shareholders voted to remove both Ghosn and co-accused Greg Kelly from Nissan’s board of directors. Kelly has also denied the charges against him. Ghosn has been charged with under-reporting his Nissan salary for a decade, and of temporarily transferring personal financial losses to Nissan’s books. However, the new allegation is potentially more serious, as it could show he used company funds for his own purposes.

 

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