Latest Board of directors News

CBS denies former CEO Les Moonves $120 million severance

Dec. 18, 2018 2:19 AM EST

NEW YORK (AP) — CBS announced Monday that former CEO Les Moonves will not receive his $120 million severance package after the board of directors concluded he violated company policy and was uncooperative with an investigation into sexual misconduct allegations. The decision, which came after a five-month...

With new board in place, CBS to decide Moonves' exit pay

Dec. 11, 2018 5:46 PM EST

NEW YORK (AP) — The newly elected CBS board faces daunting tasks: deciding whether former CEO Les Moonves gets a $120 million exit package following a sexual-misconduct investigation and charting a path for CBS to recover after the scandal. CBS shareholders ratified the 11 board members, including six new...

Mitsubishi Motors fires Ghosn, CEO to be interim chairman

Nov. 26, 2018 5:57 AM EST

TOKYO (AP) — The board of Japanese automaker Mitsubishi Motors, which is allied with Renault and Nissan, voted unanimously Monday to dismiss Carlos Ghosn as its chairman following his arrest last week. Prosecutors arrested Ghosn on Nov. 19 on suspicion he under-reported his income by $44 million over five...

The Latest: Mitsubishi Motors dismisses Ghosn as chairman

Nov. 26, 2018 4:35 AM EST

TOKYO (AP) — The Latest on Mitsubishi Motors' decision to dismiss Carlos Ghosn as its chairman after his arrest for suspected financial misconduct (all times local): 6:30 p.m. The board of directors of Mitsubishi Motors has voted to dismiss Carlos Ghosn as its chairman following his arrest for suspected...

Nissan board fires Ghosn as chairman following arrest

Nov. 22, 2018 5:12 PM EST

TOKYO (AP) — Nissan Motor Co. fired Carlos Ghosn as chairman Thursday, curtailing the powerful executive's nearly two-decade reign at the Japanese automaker after his arrest for alleged financial improprieties. In an hourslong meeting, the company's board of directors voted unanimously to dismiss Ghosn as...

The Latest: Renault acting chief seeks to calm market nerves

Nov. 22, 2018 4:07 PM EST

TOKYO (AP) — The Latest on Japanese automaker Nissan Motor Co.'s chairman Carlos Ghosn and allegations of financial violations against him (all times local): 6 a.m. The acting chief of carmaker Renault is seeking to soothe markets, car buyers and his employees by promising continuity despite the arrest of...