Management Turnover as Change Agent

Wednesday, June 20, 2007

Nissan Net Profits Decline 1st Time Under Goshn - What's in Store?

Nissan savior, Carlos Goshn has refused to resign as CEO of Nissan Motors Company 7201 (JAPAN) after the company registered its first net profits decline since he took over the firm. Goshn originally came to Nissan in 1999 when the automaker was on the verge of bankruptcy. He has been repeatedly cited as a miracle worker. According to an article on France 24 Goshn, who has recently found himself under growing pressure, stated at a shareholders conference in Japan,
"As long as I have the shareholders' trust and the employees' trust, I will remain..."
Goshn went on to say,
"The problems we are facing today are very small compared to the problems we had in 1999."
Goshn remains a mythic figure in the industry but you might want to stay tuned to how things play out. Shareholders have less and less patience and the industry continues to change dramatically.

See more:

Financial Times

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