Renault seeks greater role in Nissan governance reform

Business / Corporate Jun 13, 2019

Renault seeks greater role in Nissan governance reform

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 ...

Suzuki chairman to receive no pay for one year

Business / Corporate May 29, 2019

Suzuki chairman to receive no pay for one year

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 ...

Struggling GE ousts John Flannery as CEO

Business Oct 2, 2018

Struggling GE ousts John Flannery as CEO

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 ...