Nissan Chairman Fired – In Light of Misconduct Charges
Nissan Motors said Monday it was moving to dismiss chairman Carlos Ghosn after uncovering "significant acts of misconduct," including underreporting his own salary and using company assets for his personal benefit. Ghosn is considered one of the car industry's top executives and is one of the most highly paid corporate bosses in Japan. He is widely credited with having saved Nissan from near-bankruptcy. He also serves as chairman and chief executive of France's Renault and chairman of Mitsubishi Motors.