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Carlos Ghosn: Saviour and villain?

Tue Nov 20, 2018 11:11 am

Dude saved both Renault and Nissan. It appears that lack of oversight is never a good thing:

"One of the biggest car industry bosses in the world - Carlos Ghosn, chairman of Renault Nissan - has been arrested and is under investigation for 'serious misconduct' in how he reports his pay, it has emerged."

‘I feel despair, indignation and resentment,’ Nissan chief executive Hiroto Saikawa told an emergency news conference in Japan on 19 November, the day news broke. ‘As the details are disclosed I believe that people will feel the same way as I feel today.'

'Too much authority was given to one person in terms of governance... I have to say that this is a dark side of the Ghosn era which lasted for a long time.' The CEO said he was still pondering whether Ghosn was 'a charismatic figure or a tyrant.'

"Unconfirmed local reports claim Ghosn under-reported an amount totalling 5 billion yen (£34 million) over a five-year period from 2011. Nissan has yet to reveal any amounts or details, but has admitted that 'numerous other significant acts of misconduct [including] personal use of company assets' were being investigated."

"Ghosn is also accused of having company-paid houses in four countries, according to Japanese media."

Source: https://www.carmagazine.co.uk/car-news/ ... los-ghosn/
 
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Re: Carlos Ghosn: Saviour and villain?

Tue Nov 20, 2018 12:49 pm

"They owe their continued existence to me... so they can start to pay me back by picking up the tab for four houses."
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Re: Carlos Ghosn: Saviour and villain?

Tue Nov 20, 2018 1:24 pm

All power corrupts
Absolute power corrupts absolutely...
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Re: Carlos Ghosn: Saviour and villain?

Tue Nov 20, 2018 1:40 pm

It will always blow my mind to read about rich people who feel compelled to cheat and steal.
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Re: Carlos Ghosn: Saviour and villain?

Tue Nov 20, 2018 1:48 pm

kvndoom wrote:
It will always blow my mind to read about rich people who feel compelled to cheat and steal.


"Only the little people pay taxes."
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Re: Carlos Ghosn: Saviour and villain?

Tue Nov 20, 2018 4:46 pm

Perhaps there is more to the story:

"No matter what, Nissan’s board did not want Ghosn to fully merge the two companies. Which is what he allegedly tried to do in the past few months. "


https://jalopnik.com/was-carlos-ghosn-w ... 1830569053?
 
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Re: Carlos Ghosn: Saviour and villain?

Thu Nov 22, 2018 2:42 am

End User wrote:
Perhaps there is more to the story:

"No matter what, Nissan’s board did not want Ghosn to fully merge the two companies. Which is what he allegedly tried to do in the past few months. "


https://jalopnik.com/was-carlos-ghosn-w ... 1830569053?

Interesting read. Japanese corporate executives are as arrogant, thuggy and vindictive as they come, rivaled only by...the French. If this is a boardroom putsch it could get really entertaining.

Also, that article's comment section is top quality Internet. We need to step up our main-page game, folks; chukula and SSK can't carry us forever.
 
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Re: Carlos Ghosn: Saviour and villain?

Wed Nov 28, 2018 4:19 pm

"In April 2015, as a 37 year-old economy minister with then-unknown presidential ambitions, Macron ordered a surprise government stake increase in Renault, designed to secure double voting rights for the state. The overnight move profoundly rattled the Japanese end of the Renault-Nissan alliance."

https://www.reuters.com/article/us-niss ... SKCN1NX1GK?
 
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Re: Carlos Ghosn: Saviour and villain?

Wed Nov 28, 2018 5:34 pm

IOW, the marriage of convenience was no longer convenient.
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Re: Carlos Ghosn: Saviour and villain?

Fri Nov 30, 2018 5:50 am

It’s complicated to say the least. Ghosn is still the head of Renault-Nissan B.V., the governing company of the alliance:

http://www.asahi.com/ajw/articles/AJ201811300063.html

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