Nissan is apparently about to fire Carlos Ghosn for “significant acts of misconduct” – apparently financial.
Looks like he had been compensating himself out of company funds.
“Numerous other (acts of misconduct) have been uncovered, such as personal use of company assets,” says a statement issued by Nissan. CEO Hiroto Saikawa will propose to Nissan’s board of directors to “promptly remove Ghosn from his positions as chairman and representative director.”
The news caused a big but likely temporary dip in the value of Nissan stock.
It’s possible Nissan will do better without Ghosn. Maybe his replacement will be more of a car guy as well as more honest. Ghosn – like almost all of the other heads of the proverbial Five Families – fully embraced the EV tar baby and has been pushing “electrification,” which of course he (and they) must – because pushing it is the only way to get most people into EVs, in the manner of getting corn meal down the gullet of a pate de foi gras goose!
Maybe someone like Sergio Marchionne can be found. The problem, of course, is that the Five Families aren’t looking for guys like Sergio anymore . . .
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