Originally Posted by chowtoo

The "New CEO" story is nothing new for most of the big corporations. The guy who left is always responsible for the company's woes so a new genius will fix everything. Having worked in finance for large multinational corporations for many years, I have heard this tired old story many times. Bottom line, there is a 50% probability the new CEO will be better and a 50% probability that he will be worse. The later will not last too long or else the company is done. Nissan is in dire need of credibility at this juncture.