A street monitor showing a news report about arrest of Nissan Chairman Carlos Ghosn is seen next to Christmas illuminations in Tokyo, Nov. 21, 2018. (Reuters/Toru Hanai)
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Nissan will hold a board meeting Thursday to oust chairman Carlos Ghosn after the shocking arrest of its once-revered leader, ushering in a period of uncertainty for its 19-year alliance with Renault.Japanese prosecutors said Ghosn and Representative Director Greg Kelly, who has also been arrested, conspired to understate Ghosn's compensation at Nissan over five years from 2010, saying it was about half the actual 10 billion yen ($8.85 million).Japanese media said that given Nissan's board composition, Ghosn's removal from the post is expected to be approved.Mitsubishi Motors plans to remove Ghosn from his post of chairman at a board meeting next week.
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