Nissan Chief Executive Makoto Uchida speaking during a press conference in the automaker's headquarters in Yokohama. Nissan shareholders unleashed their anger at the Japanese automaker's management on Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn. - AP
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. "We are in a disastrous situation,” Uchida said of the Ghosn scandal."It was shocking, and I denounce it.”
Also up for approval at the meeting was the appointment of Nissan Chief Operating Officer Ashwanti Gupta, who joined Renault in India in 2006, and has since worked for the alliance, which also includes smaller Japanese automaker Mitsubishi Motors Corp. But hanging over the entire meeting was Nissan’s plummeting fortunes, its reputation tarnished over not only the Ghosn scandal but the shaky way it was handled at the company.One argued no one would want to buy a car from a company that looked as disorganized as Nissan. At one point, several shareholders began shouting at each other.
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