Nissan ousts CEO Hiroto Saikawa over pay scandal as carmaker's turmoil deepens
Less than a year since the dramatic downfall of Carlos Ghosn, Nissan Motor Co. is losing another leader. Chief Executive Officer Hiroto Saikawa was asked by the board on Monday to step down within seven days. He will be replaced by Chief Operating Officer Yasuhiro ...
Hiroto Saikawa's departure only adds to Nissan's uncertainty
Nissan Motor Co. has announced that CEO Hiroto Saikawa will step down next Monday, which will likely add another layer of dark clouds over the viability of the Yokohama-based automaker already mired in low profits, waning trust in corporate governance and a shaky alliance ...
Moon Jae-in ally accused of graft begins role as South Korea's justice minister
An embattled law professor began his duty as South Korea's justice minister after receiving presidential approval on Monday, despite an ongoing probe by state prosecutors into alleged misconduct by his wife. Cho Kuk was appointed to the role by President Moon Jae-in, the presidential Blue ...
Nissan CEO Hiroto Saikawa to step down, report says
Nissan Motor Co. CEO Hiroto Saikawa, whose tenure has been rocked by a scandal leading to the downfall of one of the most charismatic leaders in Japanese business and raising serious questions over the company's corporate governance, has expressed his intention to step down, ...
The Massachusetts Institute of Technology said Saturday that Joichi Ito had resigned as director of the MIT Media Lab amid concern over his financial ties with disgraced late financier Jeffrey Epstein. Ito, a Japanese national, had been under pressure to step down following revelations he'd ...
Nissan concludes internal probe into alleged financial misconduct by former Chairman Carlos Ghosn
Nissan Motor Co.'s internal investigation into former Chairman Carlos Ghosn's alleged financial misconduct has been completed and the results will be reported to its board meeting next week, sources close to the matter said Saturday. Nissan, which will convene the meeting on Monday, will consider ...
Top Nissan investigator into CEO Hiroto Saikawa's excess pay set to quit carmaker
Nissan Motor Co.’s internal investigation into former Chairman Carlos Ghosn’s alleged financial misconduct has been completed and the results will be reported to its board meeting this coming week.
Nissan overpaid Carlos Ghosn whistleblower Hari Nada along with CEO Hiroto Saikawa
Nissan Motor Co. overpaid other executives in addition to its chief executive officer, according to people with knowledge of the matter, among them Senior Vice President Hari Nada, a key figure in the downfall of former Chairman Carlos Ghosn. CEO Hiroto Saikawa told reporters on ...
Ministry says Recruit Career acted illegally in Rikunabi data scandal and demands corrective steps
The labor ministry said Friday it had issued administrative guidance to Recruit Career Co. for selling to its clients web browsing data predicting the odds of job-hunting students declining informal job offers, without the students' consent. The ministry determined that selling the data violated the ...
South Korean ministerial nominee in cross-hairs over daughter's education perks
President Moon Jae-in's nominee for justice minister may soon take office under the cloud of a prosecution inquiry and public outcry over a scandal that has reignited debate over class privilege. At issue are scholarships and other perks granted to the daughter of the nominee, ...
South Korea calls for ban on Japan's Rising Sun flag at 2020 Tokyo Olympics
South Korean Olympic officials have called for Japan to ban its Rising Sun flag at the 2020 Tokyo Olympics, claiming it represents a "militaristic and imperial past." Kim Bo-young, an official from the Korean Sport and Olympic Committee, says the request was made to the ...
Nissan CEO Saikawa admits receiving too much pay under executive equity plan
Saikawa said he will return the excess amount to the automaker, while revealing that other executives have also received overpayments.
