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Nissan Chairman Ghosn fired and arrested #2580242
11/19/18 03:54 PM
11/19/18 03:54 PM
Joined: Jul 2005
Posts: 643
SE Wisconsin, USA
RP's R/T's Offline OP
mopar
RP's R/T's  Offline OP
mopar

Joined: Jul 2005
Posts: 643
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.

Re: Nissan Chairman Ghosn fired and arrested [Re: RP's R/T's] #2580243
11/19/18 03:58 PM
11/19/18 03:58 PM
Joined: Jan 2003
Posts: 5,886
Morningside
AdventurerSport Offline
waaaay out there in left field
AdventurerSport  Offline
waaaay out there in left field

Joined: Jan 2003
Posts: 5,886
Morningside
He's been head of Renault/Nissan for quite some time, now. They added Mitsubishi to that group, recently, as well...

JS


76 Dodge Adventurer Sport Power Wagon W100 318, 727, NP203 Fulltime 4x4 Russet Red
06 Jeep Commander Ltd 4x4, 5.7L Hemi, QuadraDrive II
10 Mopar 10 Challenger R/T, #483/500, 5.7L HEMI
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Re: Nissan Chairman Ghosn fired and arrested [Re: RP's R/T's] #2580247
11/19/18 04:09 PM
11/19/18 04:09 PM
Joined: Feb 2003
Posts: 18,150
Charlotte, NC
Orange_Crush Offline
Belieber!
Orange_Crush  Offline
Belieber!

Joined: Feb 2003
Posts: 18,150
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.


1970 Dodge Charger R/T Hemi Orange U-code 4-speed
1971 Jaguar E-Type Series 3 V-12 4-speed 2+2 Signal Red.
Re: Nissan Chairman Ghosn fired and arrested [Re: RP's R/T's] #2580248
11/19/18 04:13 PM
11/19/18 04:13 PM
Joined: Jan 2003
Posts: 13,278
So Near, Yet So Far
topside Offline
I Live Here
topside  Offline
I Live Here

Joined: Jan 2003
Posts: 13,278
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

Re: Nissan Chairman Ghosn fired and arrested [Re: topside] #2580280
11/19/18 06:00 PM
11/19/18 06:00 PM
Joined: Dec 2003
Posts: 17,676
Trumussia
J
jcc Offline
No politics
jcc  Offline
No politics
J

Joined: Dec 2003
Posts: 17,676
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.

Re: Nissan Chairman Ghosn fired and arrested [Re: jcc] #2580449
11/20/18 01:25 AM
11/20/18 01:25 AM
Joined: Jan 2003
Posts: 6,809
Freeport IL USA
P
poorboy Offline
master
poorboy  Offline
master
P

Joined: Jan 2003
Posts: 6,809
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.

Re: Nissan Chairman Ghosn fired and arrested [Re: poorboy] #2580568
11/20/18 11:47 AM
11/20/18 11:47 AM
Joined: Jan 2003
Posts: 37,909
Round Lake Beach, Illinoisy
Rhinodart Offline
Rhinotruck
Rhinodart  Offline
Rhinotruck

Joined: Jan 2003
Posts: 37,909
Round Lake Beach, Illinoisy
haha so true, but our new Gov may just take the cake... eyes


The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.

JB Rhinehart, Realist

A-Body's RULE!
Re: Nissan Chairman Ghosn fired and arrested [Re: Rhinodart] #2580640
11/20/18 02:41 PM
11/20/18 02:41 PM
Joined: Jan 2005
Posts: 5,903
Crook County, ILL
Mastershake340 Offline
master
Mastershake340  Offline
master

Joined: Jan 2005
Posts: 5,903
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.

Re: Nissan Chairman Ghosn fired and arrested [Re: RP's R/T's] #2580658
11/20/18 03:35 PM
11/20/18 03:35 PM
Joined: Jan 2006
Posts: 4,901
USA
3
360view Offline
master
360view  Offline
master
3

Joined: Jan 2006
Posts: 4,901
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.

Re: Nissan Chairman Ghosn fired and arrested [Re: RP's R/T's] #2580731
11/20/18 06:53 PM
11/20/18 06:53 PM
Joined: Jan 2003
Posts: 5,060
Seattle
ragtopdodge Offline
master
ragtopdodge  Offline
master

Joined: Jan 2003
Posts: 5,060
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.

Last edited by ragtopdodge; 11/20/18 06:54 PM.

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