Baffled and concerned, Nissan shareholders sever last ties with ousted Ghosn

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Nissan Motor Co is considering claiming damages against ousted boss Carlos Ghosn over alleged financial misconduct, the automaker's chief ...

TOKYO: Nissan Motor Co shareholders ousted erstwhile boss Carlos Ghosn as a director on Monday, formally severing his ties with the Japanese automaker he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds.

"I can't comprehend how this could have happened, despite having auditors," said Setsuko Shibata, a retired homemaker who said her family had held Nissan shares for decades."I can't say I feel better about the situation after today's explanation." They also voted in Renault Chairman Jean-Dominique Senard as a director, an expected move that was widely seen as assuaging concern about the future of the Nissan-Renault automaking alliance engineered by Ghosn.The fall of one of the world's most-feted executives appeared to have left some Nissan shareholders nonplussed.

 

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