Nissan to remove the Chairman for misconduct

  • Apparently, Carlos Ghosn, chairman of the esteemed Japanese car company has been under-reporting his pay. Reports suggest he used the assets of the company for his personal benefit. Nissan Motor has declared that they shall quickly dismiss him from his position. Tokyo prosecutors have arrested Ghosn for the numerous financial violations, and Nissan apologizes to the concerned stakeholders and shareholders of the company. Ghosn was however well-known for turning around the fate of the Japanese company, when it was about to go bankrupt.

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