Another investor even lashed out at French director Jean-Dominique Senard, currently Renault’s top representative on the Nissan board, for being driven away after last year’s shareholders’ meeting not in a Nissan-made vehicle but in an Alphard van, sold by archrival Toyota.
“I noticed it, and I was the first person to say, ‘never again,’ ” Senard assured the disapproving shareholder.
But attendees mostly focused their ire on Uchida, 53, for the sorry state of the company he inherited. One week earlier, Uchida reported that Nissan had slumped to a net loss in the October-December period, the company’s first quarterly red ink since the 2009 Great Recession.
At the same time, Uchida said the company was scrubbing Nissan’s year-end dividend.
The loss of the dividend was a big bone of contention for many shareholders, who have seen the value of their Nissan stock plunge 47 percent since the shock of Ghosn’s arrest on Nov. 19, 2018.
“What should I do about my Nissan shares?” asked one investor, incensed that Uchida owns less Nissan stock than he does. “I have more shares than you. You only have 2,000 shares, while I have 3,000.”
