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Tag: trust

Ex-Nissan Chairman Carlos Ghosen indicted for breach of trust

Ex-Nissan Chairman Carlos Ghosen indicted for breach of trust

World
Jan. 11 (UPI) -- Former Nissan Motors Co. Chairman Carlos Ghosn was indicted on new financial charges Friday in a Tokyo court. Ghosn, 64, was charged with aggravated breach of trust for allegedly transferring $ 17 million in personal investment losses to Nissan in 2008 as well understating his compensation by $ 37 million for three years through March 2018, the Nikkei Asian Review reported. Last month, he was indicted for underreporting his pay by around $ 46 million between 2010 and 2015. Ghosn has been in jail since his arrest on Nov. 19 at Tokyo's Haneda airport. Nissan dismissed Ghosn as chairman shortly after his arrest, but he remains chairman and CEO of Renault, which is the largest shareholder and partner of Nissan. The French company has assigned his duties to other executives. ...
Water companies have damaged trust, regulator Ofwat says

Water companies have damaged trust, regulator Ofwat says

Business
High levels of payments to bosses and investors by water companies have damaged customer trust, the regulator Ofwat has said.It has published new rules that will force firms to explain how executive pay is linked to performance and to prioritise customers' interests.It comes as the bosses of several water firms prepare to be quizzed by MPs.The company chiefs will be facing the Environment, Food and Rural Affairs Committee later. Ofwat chief executive Rachel Fletcher said: "The decisions some water companies have made on dividends, financial structures and top executive pay have damaged customer trust."She added the move was "an important step in making sure water companies put customers' interests and those of future generations, at the heart of all the d...
German poll reveals a trust deficit for U.S. energy

German poll reveals a trust deficit for U.S. energy

Business
June 27 (UPI) -- An executive from German energy company Wintershall said rifts in trade policy are leading to a lack of trust in the United States as an energy supplier. Washington D.C. hosts this year's regular World Gas Conference at a time when the United States is developing as a lead oil and natural gas producer and exporter. U.S. President Donald Trump has said natural gas in particular could extend U.S. leverage over the horizon into the Asian and European markets. A third-part survey of 1,001 adults conducted between May 7 and 9 showed U.S. influence is eroding, according to Wintershall. "The declining trust in the United States is certainly also due to political reasons -- here the publicly discernible differences of the past few months have left their marks," Thilo Wieland, an...
National Trust needs to be 'radical'

National Trust needs to be 'radical'

Science
The National Trust needs to be more radical, the charity's new director-general has told the BBC.Hilary McGrady said the organisation needed to reach out to people living in towns and cities. In her first interview since getting the job, she said: "The people that need beauty the most, are the ones that have least access to it."Mrs McGrady is now at the helm of the largest charity in the UK, with a membership of more than five million. On the stony footpath up towards Scafell Pike, the highest mountain in England, she talks of her childhood growing up during the Troubles in Northern Ireland and being unable to enjoy the surrounding landscape because it was private land. She is now in charge of Britain's largest private landowner. The National Trust owns land equivalent in size to Dorset, ...
Ex-workers at Russian 'troll factory' trust US indictment

Ex-workers at Russian 'troll factory' trust US indictment

World
While Russian officials scoff at a U.S. indictment charging 13 Russians with meddling in the 2016 U.S. presidential election, several people who worked at the same St. Petersburg "troll factory" say they think the criminal charges are well-founded. Marat Mindiyarov, a former commenter at the innocuously named Internet Research Agency, says the organization's Facebook department hired people with excellent English skills to sway U.S. public opinion through an elaborate social media campaign. His own experience at the agency makes him trust the U.S. indictment, Mindiyarov told The Associated Press. "I believe that that's how it was and that it was them," he said. The federal indictment issued Friday names a businessman linked to President Vladimir Putin and a dozen other Russians. It allege...