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#2580242 - 11/19/18 12:54 PM Nissan Chairman Ghosn fired and arrested
RP's R/T's Offline
mopar

Registered: 07/15/05
Posts: 638
Loc: SE Wisconsin, USA
Just saw that he is out due to financial misconduct.
The Japanese don't mess around.
I didn't realize he ran Renault, Nissan and an arm of Toyota.
He was the golden boy years ago.

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#2580243 - 11/19/18 12:58 PM Re: Nissan Chairman Ghosn fired and arrested [Re: RP's R/T's]
AdventurerSport Offline
waaaay out there in left field

Registered: 01/19/03
Posts: 5873
Loc: Morningside
He's been head of Renault/Nissan for quite some time, now. They added Mitsubishi to that group, recently, as well...

JS
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#2580247 - 11/19/18 01:09 PM Re: Nissan Chairman Ghosn fired and arrested [Re: RP's R/T's]
Orange_Crush Offline
Belieber!

Registered: 02/03/03
Posts: 18039
Loc: Charlotte, NC
Ghoshn has, for a long time, had the funk of corruption surrounding him.

There have been murmurs in the auto journalism world for at least 5 years now.
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#2580248 - 11/19/18 01:13 PM Re: Nissan Chairman Ghosn fired and arrested [Re: RP's R/T's]
topside Offline
I Live Here

Registered: 01/19/03
Posts: 12971
Loc: So Near, Yet So Far
They're saying he under-reported his stock income by $44 Million, and his Director was also complicit and doing likewise; also something vague about "personal use of company assets".
Sounds like the financial/tax issue came to light and the Company wants to immediately sever the relationship to prevent further embarrassment.

https://www.engadget.com/2018/11/19/carlos-ghosn-nissan-tax-misconduct/?yptr=yahoo

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#2580280 - 11/19/18 03:00 PM Re: Nissan Chairman Ghosn fired and arrested [Re: topside]
jcc Offline
No politics

Registered: 12/21/03
Posts: 17513
Loc: Trumussia
Originally Posted By topside
They're saying he under-reported his stock income by $44 Million, and his Director was also complicit and doing likewise; also something vague about "personal use of company assets".
Sounds like the financial/tax issue came to light and the Company wants to immediately sever the relationship to prevent further embarrassment.

https://www.engadget.com/2018/11/19/carlos-ghosn-nissan-tax-misconduct/?yptr=yahoo


Sounds like he has a bright future awaiting as a public servant.
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#2580449 - 11/19/18 10:25 PM Re: Nissan Chairman Ghosn fired and arrested [Re: jcc]
poorboy Offline
master

Registered: 01/19/03
Posts: 6666
Loc: Freeport IL USA
Originally Posted By jcc
Originally Posted By topside
They're saying he under-reported his stock income by $44 Million, and his Director was also complicit and doing likewise; also something vague about "personal use of company assets".
Sounds like the financial/tax issue came to light and the Company wants to immediately sever the relationship to prevent further embarrassment.

https://www.engadget.com/2018/11/19/carlos-ghosn-nissan-tax-misconduct/?yptr=yahoo


Sounds like he has a bright future awaiting as a public servant.


Sure does! He can be the next gov of IL, he has met most of the requirements.

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#2580568 - 11/20/18 08:47 AM Re: Nissan Chairman Ghosn fired and arrested [Re: poorboy]
Rhinodart Offline
Rhinotruck

Registered: 01/20/03
Posts: 37545
Loc: Round Lake Beach, Illinoisy
haha so true, but our new Gov may just take the cake... eyes
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#2580640 - 11/20/18 11:41 AM Re: Nissan Chairman Ghosn fired and arrested [Re: Rhinodart]
Mastershake340 Offline


Registered: 01/10/05
Posts: 5819
Loc: Crook County, ILL
Originally Posted By Rhinodart
haha so true, but our new Gov may just take the cake... eyes

Took it and ate it, a whole bakery's worth of cakes by the looks of him! drumhit He makes Chris Christie look slim.

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#2580658 - 11/20/18 12:35 PM Re: Nissan Chairman Ghosn fired and arrested [Re: RP's R/T's]
360view Offline
master

Registered: 01/18/06
Posts: 4728
Loc: USA
Wall Street Journal article claims this story may be way more complicated.

It may be that now that Nissan has financially recovered,
the 99% plus Japanese who work there may want to have one of their own back at the helm, and to eventually break free of French control.

Mazda managed to break free of Ford control.

The French gov owns 15% of Renault,
Renault in turn owns 43% of Nissan.

Ghosn was CEO of Renault first, Nissan second and more recently Mitsubishi third.

Wall Street Journal article asks
“how was it possible for Ghosn to fool all of the financial departments of 3 different yearly audited international companies for years?”

Ghosn has shown such manufacturing and dealmaking skills over the las 15 years that I would not be surprised if the Agnelli heirs who control FCA hire him now that Sergio is dead. They could afford to pay him twice what he was getting at Nissan/Renault if he could quickly cash them out of FCA at a profit.

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#2580731 - 11/20/18 03:53 PM Re: Nissan Chairman Ghosn fired and arrested [Re: RP's R/T's]
ragtopdodge Offline
master

Registered: 01/20/03
Posts: 4961
Loc: Seattle
Amazing how rich people can be so greedy, they're willing to risk prison for even MORE money than they already have.

Then again, I shouldn't be surprised given the current situation.


Edited by ragtopdodge (11/20/18 03:54 PM)

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