BEIRUT – Former Nissan Chairman Carlos Ghosn said calls by some shareholders for his return reflected deep anger over years of failed turnaround plans, accusing the automaker’s leadership of squandering value and losing direction since his 2018 ouster.
In an interview, Ghosn said investors had “had enough” after three chief executives failed to revive the company. At Nissan’s annual meeting on ?Tuesday, CEO Ivan Espinosa faced shareholder anger and a proposal from at least one investor to bring back the fugitive ?executive — an ?effort that failed as shareholders overwhelmingly backed the board.
“It’s a reaction with plenty of common ?sense,” Ghosn said. “You can feel the anger and the frustration of the shareholders.”
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