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Viewsroom

Viewsroom: Nissan’s car-crash CEO

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 11 September 2019

⏱️ 24 minutes

🧾️ Download transcript

Summary

Hiroto Saikawa is stepping down amid controversy over his pay. It has implications for the company’s rocky Renault alliance, and by extension for the French carmaker’s recent attempt to merge with Fiat Chrysler. Plus, is activist Elliott Management going soft on AT&T? See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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But it knows nothing about your work. Slackbot is different. It doesn't just know the facts.

0:14.0

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0:20.0

Because Slackbot isn't just another

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AI. It's AI that knows your work as well as you do. Visit Slack.com forward slash meet Slackbot

0:28.8

to learn more. The views expressed on this podcast are those of the participants, not of Roiders' News.

0:44.9

You're listening to the Views Room, a Reuters podcast brought to you by the staff of breaking views. I'm Anthony Curry. Later in the program, I'll be joined by my co-host, Jen Sabre, to pick up

0:50.1

the conversation about Paul Singer's latest target, AT&T. At first, we're handing over the controls to our colleagues in London who will hash out

0:58.0

the latest turmoil at Nissan and the exit of Boss Hiroto Saikawa.

1:03.0

So, Pete, why are we talking about Nissan this week?

1:07.0

Why has it been in the news?

1:08.0

Well, I mean, we've all been following this kind of tragic,

1:13.3

what would you call it, play that's been going on between Nissan and its partner, Renault,

1:20.5

and also in the wings is Fiat Chrysler. Nissan itself has been having its own problems very much of

1:27.4

its, that have been

1:29.0

kind of let all the headlines, namely the charging of Carlos Gown with alleged financial

1:35.8

malfeasance. This created a bunch of disruption in the company. He was succeeded as it were

1:41.7

by this guy Herodos Saikawa,'s this career Nissan guy he took a run at

1:48.8

turning things around he was supposed to be the kind of transition candidate it's been disastrous

1:52.7

no it's gone really badly um I think the last quarter um net income went down by like 95% they had

1:59.8

repeatedly like laid out negative forecasts and then missed even those.

2:03.6

So he's just resigned. He's resigned and he resigned under a cloud.

...

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