Renault SA Chairman Jean-Dominique Senard said Wednesday he was unhappy with a part of Nissan Motor Co.'s plans to bolster corporate governance following the arrest of former Chairman Carlos Ghosn. At an annual shareholders meeting in Paris, Senard said Renault CEO Thierry Bollore should be ...
Nissan CEO Hiroto Saikawa sought special deal on stock options in 2013, says former Ghosn aide
A former senior board member of Nissan Motor Co. said the company's current chief executive officer sought an exception on the sale of compensation-linked stock, which resulted in him earning a higher profit, according to a Japanese media report. Greg Kelly, who was arrested the ...
Suzuki Motor Corp. Chairman Osamu Suzuki will not receive executive remuneration for a one-year period starting in July as part of disciplinary measures following revelations of improper vehicle inspections, the automaker said Tuesday. President Toshihiro Suzuki will receive a 50 percent pay cut for six ...
Nissan projects weakest profit in a decade as Carlos Ghosn woes linger
Nissan Motor Co., trying to rebuild its tarnished reputation over failed corporate governance following the criminal investigation of two former executives, cut its operating profit outlook by a sharp 28 percent for fiscal 2019 to its lowest in a decade. At a news conference Tuesday ...
General Electric has ousted its CEO, announced it took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will ...
Japan's CEOs: underpaid and underwhelming
Atsushi Saito says Japanese corporate heads are underpaid and shun bold decisions for fear of missing out on cushy adviser roles after they retire.
Seiko CEO eyes premium watch market in a bid to bolster brand
With the opening of premium boutiques in key foreign cities including Tokyo, Seiko Watch Corp. is hoping to bolster its brand image to sell more high-priced products, the firm's president said. "Seiko Watch can grow overseas more and more," with a specific focus on Europe ...
Boeing President Muilenberg to take over controls from CEO McNerney
Boeing CEO Jim McNerney is stepping away from the controls after 10 years. The aircraft maker said Tuesday that President and Chief Operating Officer Dennis Muilenburg will become its new CEO on July 1. To ease the transition, McNerney will keep working at Boeing until ...
Dick Costolo quits Twitter helm in another shake-up amid slow growth; shares briefly surge
Twitter Inc. Chief Executive Officer Dick Costolo abruptly announced he was stepping down on Thursday amid increasing scrutiny of the company's slow user growth and inability to attract advertisers at the same rate as its competitors. Costolo will be replaced by co-founder Jack Dorsey on ...
Takeda Pharmaceutical Co. has named Christophe Weber chief executive officer as part of a planned succession that makes the French national one of the few international executives to lead a Japanese company. Weber, currently the chief operating officer, takes the new position effective April 1, ...
Private-equity firms have waited for this moment: Mike Jeffries is no longer in the retailing business. The controversial chief executive of Abercrombie & Fitch Co. retired Tuesday, clearing the way for any suitors interested in the teen retailer. Jeffries, 70, was long seen as an ...
A demoted worker shot and critically wounded his company's CEO before fatally shooting himself Thursday inside a downtown Chicago office building in the bustling financial district, police said. Police Superintendent Garry McCarthy said a worker at a technological company pulled a gun after entering the ...
