Shareholders blast Nissan over its crashing share price in wake of the scandal-ridden departure of Carlos Ghosn
Anger: Nissan shareholders have demanded a quick fix to halt falling car sales
Nissan shareholders have unleashed their anger at the Japanese car maker’s management for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former chairman Carlos Ghosn.
At the extraordinary shareholders’ meeting yesterday, speakers demanded a quick fix to halt falling car sales, and said its executives should give up their pay and work harder. 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.
New boss Makoto Uchida said: ‘We are in a disastrous situation. It was shocking, I denounce it.’