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| Nissan Plans to Oust Carlos Ghosn as Chairman Over Financial Misconduct | Nissan Plans to Oust Carlos Ghosn as Chairman Over Financial Misconduct |
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| TOKYO — Nissan recommended the immediate removal of its chairman, Carlos Ghosn, on Monday, saying an internal investigation found that he had underreported his compensation to the financial authorities for several years. | TOKYO — Nissan recommended the immediate removal of its chairman, Carlos Ghosn, on Monday, saying an internal investigation found that he had underreported his compensation to the financial authorities for several years. |
| The company said in a statement that it was cooperating with Japanese prosecutors. It also said that it had opened its inquiry after a whistle-blower alleged that Mr. Ghosn had been misrepresenting his salary as well as using company assets for personal use. | The company said in a statement that it was cooperating with Japanese prosecutors. It also said that it had opened its inquiry after a whistle-blower alleged that Mr. Ghosn had been misrepresenting his salary as well as using company assets for personal use. |
| It is a remarkable tumble for Mr. Ghosn, who arrived at Nissan in 1999 after Renault, the French carmaker, bought a large stake in the Japanese company. | It is a remarkable tumble for Mr. Ghosn, who arrived at Nissan in 1999 after Renault, the French carmaker, bought a large stake in the Japanese company. |
| Nissan said that a board director, Greg Kelly, was also involved in the deceptions, and recommended that he be removed as director. | Nissan said that a board director, Greg Kelly, was also involved in the deceptions, and recommended that he be removed as director. |
| The disclosure raised questions about Mr. Ghosn’s role as chief executive of the Renault-Nissan-Mitsubishi Alliance. Although he stepped down from the top job at Nissan last year, Mr. Ghosn, 64, has remained at the top of the world’s largest automotive alliance and told reporters as recently as last month that he planned to stay in that post until 2020. | The disclosure raised questions about Mr. Ghosn’s role as chief executive of the Renault-Nissan-Mitsubishi Alliance. Although he stepped down from the top job at Nissan last year, Mr. Ghosn, 64, has remained at the top of the world’s largest automotive alliance and told reporters as recently as last month that he planned to stay in that post until 2020. |
| Sent to Japan by Renault, Mr. Ghosn was credited with saving Nissan from financial collapse. He made sweeping changes at the automaker, closing five domestic factories and cutting 21,000 jobs. He was widely celebrated as a change agent in Japan: His life story was even made into a manga comic, although critics noted that he earned his French nickname, “Le cost killer.” |