How Nissan’s CEO Went From Defiant to Fired in 24 Hours

Hiroto Saikawa’s tone bordered on defiant Sept. 8 when discussing his future as chief executive officer of Nissan Motor Co. He accepted responsibility for the Carlos Ghosn scandals and said he’d resign after a successor was found, but he wasn’t taking the fall for a burgeoning controversy over his pay.

That strategy blew up 24 hours later when the embattled carmaker’s board pushed him out –- citing his excess compensation. Saikawa’s last day will be Sept. 16, and the board is taking a look at a pool of about 10 candidates for the job.

Read more: Who will be ...