Saturday, November 24, 2018

Oh Japan: Trouble Under Mt. Fuji

     The chairman of Nissan was arrested by authorities and placed in a detention facility allegedly for financial misconduct related to stock-related pay.   Hmmmm.  How can this be?  The chairman of one of the world's leading auto maker-busted?   Carlos Ghosn has been feted as the go=to company fixer.  The company Renault, where he serves as both chairman and chief executive was also informed of the action.   Nissan stock took a big hit after the announcement., falling 5.5%.  How this plays out has yet to be determined, but it has sent shock waves throughout the world.  More later.
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