With One Final Vote, Nissan Shareholders Dump Ghosn, Seek Clarity on Company’s Future

With One Final Vote, Nissan Shareholders Dump Ghosn, Seek Clarity on Company’s Future
TOKYO, JAPAN - APRIL 04: Pedestrians walk past a big screen showing images of former Nissan Motor Co. Chairman Carlos Ghosn in a news program on April 4, 2019 in Tokyo, Japan. Ghosn, a veteran of the auto industry, was re-arrested on Thursday for financial misconduct. Photo by Takashi Aoyama/Getty Images
Reuters
Updated:

TOKYO—Nissan Motor Co. shareholders ousted Carlos Ghosn as a director on April 8, severing his last tie with the Japanese automaker he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds.

Days after Ghosn’s latest arrest in Tokyo, shareholders gathered for an extraordinary meeting, expressing bafflement and disquiet about growing allegations of financial misconduct laid out before them—while seeking more clarity on how Nissan plans to recover from the scandal.