Nissan shareholders furious at Ghosn scandal, dismal results

Fox Business | Feb 18, 2020 at 12:16 PM
  • 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.
  • 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.
  • Uchida repeatedly tried to assure shareholders the company was standing up to wrongdoing, leveraging the Renault alliance and working on products to highlight “intelligent mobility”.