Nissan Pays Ex-COO Ashwani Gupta $3.7M As Compensation For Leaving Amid Sexual Harassment Allegations
Portfolio Pulse from Anan Ashraf
Nissan Motor Co (OTC:NSANY) paid its former COO Ashwani Gupta $3.7 million to leave the company amid sexual harassment allegations. Gupta, who played a key role in Nissan's profitability, left in June 2023. The payment was disclosed in a notice for an upcoming shareholder meeting.
June 01, 2024 | 4:43 am
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Nissan paid $3.7 million to former COO Ashwani Gupta to leave amid sexual harassment allegations. Gupta was instrumental in Nissan's return to profitability.
The departure of a key executive amid serious allegations can negatively impact investor sentiment and potentially affect the stock price in the short term. Gupta's role in Nissan's profitability adds to the significance of his departure.
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