Published: November 19, 2018
Shares slide after allegations executive understated income on financial statements
•Carlos Ghosn: Nissan scandal slams brakes on cost killer’s career
Carlos Ghosn, the chairman of Nissan and one of the world’s most powerful automotive executives, has been arrested by Japanese prosecutors in a move that sent shockwaves through the industry.
Ghosn, the 64-year-old French-Brazilian, is suspected of having understated his income on financial statements and was exposed by a whistleblower. Nissan said it will fire him on Thursday as the company admitted it had left him in control for too long.
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