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How Nissan’s CEO Went From Defiant to Fired in 24 Hours

  • Board is said to hold Saikawa responsible for pay scandal
  • Directors wanted new CEO to restore public trust after Ghosn
Bloomberg business news
Nissan Ousts CEO Saikawa Over Pay Scandal
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Hiroto Saikawa’s tone bordered on defiant Sunday when discussing his future as chief executive officer of Nissan Motor Co. He accepted responsibility for the Carlos Ghosn scandals and said he’d resign after a successor was found, but he wasn’t taking the fall for a burgeoning controversy over his pay.

That strategy blew up 24 hours later when the embattled carmaker’s board pushed him out –- citing his excess compensation. Saikawa’s last day will be Sept. 16, and the board is looking at a pool of about 10 candidates for the job, probably one of the most challenging in global auto-making.