• DealBook Briefing: Nissan's Chairman Faces Criminal Charges Over Secret Compensation

    21 days ago - By NY Times

    Japanese prosecutors are said to be preparing to arrest Carlos Ghosn over accusations that he underreported his salary by millions of dollars.
    Read more ...

     

  • Nissan Chairman Carlos Ghosn Is Likely Out After Lying About Compensation for ‘Many Years'

    21 days ago - By Fortune

    Nissan Chairman Carlos Ghosn is expected to be ousted from his role at the company at the recommendation of CEO Hiroto Saikawa after allegations of serious misconduct that violate Japanese financial trading law.
    Ghosn went voluntarily with Tokyo prosecutors early Monday and was later arrested , according to local news reports. His ouster will likely be felt around the auto industry as he also serves as CEO of Renault and was the architect of the Renault-Nissan-Mitsubishi alliance .
    Allegations against Ghosn
    Ghosn and his Nissan colleague, Representative Director Greg Kelly, allegedly...
    Read more ...

     

  • Nissan Plans to Oust Carlos Ghosn as Chairman Over Financial Misconduct

    21 days ago - By NY Times

    The company said that Mr. Ghosn had underreported his compensation to the financial authorities for several years and that it was cooperating with Japanese prosecutors.
    Read more ...

     

  • The Latest: Renault shares tank as CEO Ghosn under fire

    21 days ago - By Chron

    TOKYO - The Latest on Nissan Motor Co.'s chairman Carlos Ghosn and allegations he underreported income. :
    7:50 p.m.
    Shares in European carmaker Renault are diving after alliance partner Nissan announced that Chairman Carlos Ghosn had been under-reporting his income and will be dismissed.
    Ghosn has been a huge figure in the global auto industry for years. He helped turn around both companies and push them into electric cars. Ghosn is chairman and CEO of the Renault-Nissan-Mitsubishi alliance and CEO of Renault.
    Renault's France headquarters would not comment on the Nissan announcement...
    Read more ...

     

  • Japanese broadcaster NHK says Nissan chairman Carlos Ghosn arrested on suspicion of financial misconduct

    21 days ago - By Chron

    TOKYO - Japanese broadcaster NHK says Nissan chairman Carlos Ghosn arrested on suspicion of financial misconduct.
    Read more ...

     

  • Nissan chairman Ghosn has been arrested: Yomiuri

    21 days ago - By Reuters

    Nissan Motor Co Ltd's chairman, Carlos Ghosn, has been arrested, the Yomiuri daily said on its website on Monday.
    Read more ...

     

  • The Chairman of Nissan Is Expected to Be Arrested in Tokyo. Here's Why

    21 days ago - By Fortune

    Carlos Ghosn, the chairman of Nissan Motor Co., is set to be arrested in Tokyo over a suspected breach of Japanese financial trading law, the Asahi newspaper reported.
    Ghosn is suspected of manipulating financial filings and the alleged violations are related to him under-reporting his own compensation, Asahi said, without saying where it got the information. Ghosn voluntarily went with Tokyo prosecutors, who are set to arrest him after questioning, the newspaper said.
    A spokesman for Nissan said the company would hold a press conference later this evening Tokyo time. A representative for...
    Read more ...

     

  • Nissan's Ghosn to be arrested in Japan for under-reporting salary: media

    21 days ago - By Reuters

    Nissan Motor Co Ltd Chairman Carlos Ghosn is being questioned by Tokyo prosecutors and will be arrested on suspicion of under-reporting his salary, Japanese media reported on Monday.
    Read more ...

     

  • Renault shares slump after report that CEO Ghosn to be arrested in Japan on suspicion of financial violations

    Renault shares slump after report that CEO Ghosn to be arrested in Japan on suspicion of financial violations

    21 days ago - By Business Insider

    Renault's shares tank as chairman and CEO, Carlos Ghosn, is to be arrested, according to Japan's Asahi News.
    A Renault representative declined to comment.
    Carlos Ghosn, chairman of Nissan and CEO of Renault, is to be arrested in Tokyo for an alleged violation of Japan's financial instruments and exchange act, according to the country's Asahi News. Renault's shares, listed in Paris, dived as much as 5% on the news, a near three-year low.
    The executive, 64, is suspected of having undereported his income on financial statements and the Brazil-born executive, who is also chairman and CEO of...
    Read more ...

     

  • Reports say Nissan's Ghosn questioned over financial reports

    21 days ago - By Chron

    TOKYO - Japanese media say Carlos Ghosn, Nissan Motor Co. chairman, is being questioned by Tokyo prosecutors on suspicion he falsified his financial reports.
    Nissan said Monday it was looking into the reports, while prosecutors declined comment.
    The Asahi newspaper said Ghosn submitted voluntarily to questioning about suspected violations of financial and exchange regulations. The national broadcaster NHK and Kyodo carried similar reports.
    Asahi said Ghosn is suspected of failing to report hundreds of millions of yen in income.
    Nissan, based in Yokohama, Japan, said it was checking into...
    Read more ...

     

  • Renault shares slump after report that CEO Ghosn to be arrested in Japan for financial violations

    Renault shares slump after report that CEO Ghosn to be arrested in Japan for financial violations

    21 days ago - By Business Insider

    Renault's shares tank as chairman and CEO, Carlos Ghosn, was arrested, according to Japan's Asahi News.
    A Renault representative did not immediately return a call seeking comment.
    Carlos Ghosn, chairman of Nissan and CEO of Renault, is to be arrested in Tokyo for an alleged violation of Japan's financial instruments and exchange act, according to the country's Asahi News. Renault's shares, listed in Paris, dived as much as 5% on the news, a near three-year low.
    The executive, 64, is suspected of having undereported his income on financial statements and the Brazil-born executive, who is...
    Read more ...

     

  • Nissan's Ghosn to be arrested in Japan for alleged financial violations: Asahi

    21 days ago - By Reuters

    Nissan Motor Co Ltd Chairman Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged financial violations in Japan, the Asahi newspaper reported on Monday.
    Read more ...

     

  • Nissan's Ghosn to be arrested by Japan authorities for alleged financial violations: Asahi

    21 days ago - By Reuters

    Nissan Motor Co Ltd Chairman Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged violation of Japan's financial instruments and exchange act, the Asahi newspaper reported on Monday on its website.
    Read more ...