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Nissan’s Board Removes Carlos Ghosn as Chairman in Wake of His Arrest [Copy link] 中文

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Post time 2018-11-22 21:58:32 |Display all floors
TOKYO — The board of Nissan voted to remove Carlos Ghosn as its chairman on Thursday, three days after he was arrested and taken into custody on allegations that he drastically underreported his income to government regulators over a period of several years.
  Mr. Ghosn won’t be gone completely. Under Japanese corporate law, Mr. Ghosn cannot be removed from the board without a full shareholder vote.

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Post time 2018-11-23 10:25:40 |Display all floors
Taking such a drastic action on someone who had saved Nissan, it seems the matter is more than  fiduciary excesses that hardly dented Nissan or its government. There are others who have done worse and have escaped without fanfare.

Yet they went after him with full fury and in short shrift. Why?

Is it because they want to stop him from merging Nissan with Renault to save both for a future of electric driver-less vehicles which would have involved technologies neither has been developing enough to compete today?

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Post time 2018-11-23 14:58:04 |Display all floors
markwu Post time: 2018-11-23 10:25
Taking such a drastic action on someone who had saved Nissan, it seems the matter is more than  fidu ...

Indeed,

         Renault having some 40 plus % in Nissan gives it very strong control, therefore they can name  executives within Nissan while they just hold less then 15% within Renault.

   A merger, would solidify their two-decade-old alliance under a single stock as an unprecedented shift toward electric and shared autos transforming the industry...
  However, Renault also owns 43% of Mitsubishi , not to forget the One billion € Renault stake in Daimler AG.
  

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