Nissan to sack chairman Carlos Ghosn over ‘serious misconduct’ – as it happened
Published: November 20, 2018 / Author: The Guardian
Ghosn was one of the car industry’s most prominent executives who has been responsible for breathing life back into Nissan. Ghosn’s arrest complicates a highly interconnected set of relationships between Nissan, Renault and Mitsubishi Motors. The equity stakes that they have between each other may be at risk. This has widespread implications for a large portion of the auto industry as these alliances have become more critical in the increasingly interconnected design, manufacturing, and support of auto customers worldwide.
Ghosn’s arrest is another unfortunate example of the perils of having too much power concentrated in one individual within—and across—corporations.”