Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

Nissan paid its former operations boss $3.7 million to leave.

image credit:www. economictimes.com: As chief operating officer, the Indian national quickly became ... image credit:www. economictimes.com: As chief operating officer, the Indian national quickly became one of the firm's CEO
image credit:www. economictimes.com: As chief operating officer, the Indian national quickly became ... image credit:www. economictimes.com: As chief operating officer, the Indian national quickly became one of the firm's CEO

Listen to the article now

Nissan Motor Company awards former Chief Operating Officer Ashwani Gupta $3.7 million in compensation for his abrupt resignation last year, according to a notice for its annual general meeting.
Nissan stated in the notice that it had given 582 million yen ($3.7 million) to a senior officer who resigned his post during the fiscal year 2023. According to a corporate representative, Gupta was the only executive who left during that time period.

image credit: Nissan

In May last year, Japan’s third-largest automaker said that Gupta, who had been chief operating officer since 2019 and was widely seen as a front-runner for the future CEO, would not be reappointed to the board.
Separately, Nissan CEO Makoto Uchida announced at a news conference on Friday that he would return 30% of his income for three months beginning in April, following a warning from Japan’s fair trade authority that the automaker had underpaid suppliers.

image credit: Nissan

In March, the watchdog accused Nissan of breaking Japan’s Subcontractor Law by underpaying 36 suppliers by around 3 billion yen over a two-year period beginning in January 2021.
Nissan stated at the time that it had fully reimbursed suppliers for money it had unilaterally deducted. It also established a section under the CEO to collect feedback from suppliers and an external hotline for connected issues, it announced on Friday.
The Subcontractor Law prevents the ordering party from unilaterally decreasing payment where the subcontractor is not at fault.


Comment Template

You May Also Like

Business

Amazon CEO Andy Jassy emailed employees revised return-to-work guidelines in February 2023. Starting on May 1, 2023, most Amazon employees were required to work...

Technology

Elon Musk, who has warned of a global depopulation problem, had another child with a Neuralink executive. Neuralink director Shivon Zilis had the child...

Business

  Elon Musk helps me understand which laws in America are complex (contract law, possibly copyright law) and which are conventions. If you’re rich...

Technology

LG Electronics of South Korea has teamed up with ChargePoint to deploy more electric vehicle charging stations in the United States, the firms announced...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok