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Re: Carlos Ghosn ousted over financial misconduct

Wed Nov 21, 2018 2:06 pm

Carlos Ghosn Faces Weeks of Interrogation in Japan Without Lawyer
Prosecutors these days generally allow three meals a day and let suspects get enough sleep, lawyers say
https://www.wsj.com/articles/carlos-gho ... 1542716755

Carlos Ghosn to be detained for another 10 days
https://www.marketwatch.com/story/carlo ... 2018-11-21

Renault Names Bollore Interim CEO as Nissan Tension Deepens
https://finance.yahoo.com/news/nissan-r ... 32155.html

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EVDRIVER
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Re: Carlos Ghosn ousted over financial misconduct

Wed Nov 21, 2018 2:43 pm

Now if his name was Elon Musk it would be world headlines but I guess Nissan is not an important EV or auto maker. Goes to show you the Tesla nonsense,

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Re: Carlos Ghosn ousted over financial misconduct

Wed Nov 21, 2018 3:15 pm

EVDRIVER wrote:Now if his name was Elon Musk it would be world headlines but I guess Nissan is not an important EV or auto maker. Goes to show you the Tesla nonsense,

It was all over the place on financial news (e.g. CNBC, Bloomberg, ft.com). Was mentioned on Nightly Business Report (which CNBC bought a few years back). There are stories about it on cnn.com and nytimes.com. I think I received push alerts from CNBC and/or Bloomberg the morning it happened. The news was a huge surprise for me but I couldn't stay up to wait for the 9 pm Japan time (actually became 10 pm Japan time) briefing.

Renault-Nissan Alliance, including Mitsubishi Motors in 2017 was the largest automaker in the world in terms of sales (https://www.reuters.com/article/us-auto ... SKBN1FJ0LR).

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Re: Carlos Ghosn ousted over financial misconduct

Wed Nov 21, 2018 4:28 pm

It’s not the same. You know exactly what I mean.

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Re: Carlos Ghosn ousted over financial misconduct

Wed Nov 21, 2018 9:15 pm

EVDRIVER wrote:Now if his name was Elon Musk it would be world headlines but I guess Nissan is not an important EV or auto maker. Goes to show you the Tesla nonsense,


How World does it have to be? It was all over the place.
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cwerdna
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Re: Carlos Ghosn ousted over financial misconduct

Wed Nov 21, 2018 9:17 pm

The below make some good points (some brought up in another forum)
Carlos Ghosn — Greed, Stupidity, or a Coup?
https://cleantechnica.com/2018/11/21/ca ... or-a-coup/

Did Mr. Ghosn not understand what was proper use of company assets, or how he had to fill in his payment disclosure forms? This is even harder to believe. These things are delegated to his staff and the accounting department for a reason. His time is too valuable to waste on such topics.

As someone in another forum put it, there should be an army of lawyers and accountants at Nissan handling anything related to Ghosn's compensation.

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Re: Carlos Ghosn ousted over financial misconduct

Wed Nov 21, 2018 9:22 pm

Interesting take on the situation. I thought the news did not make sense except for a setup to get rid of him. This story confirms my suspicion and adds some reasons for it.
https://jalopnik.com/was-carlos-ghosn-w ... 1830569053
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EVDRIVER
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Re: Carlos Ghosn ousted over financial misconduct

Wed Nov 21, 2018 10:14 pm

I heard he’s dating Elon’s ex and that’s why this is going down.

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Re: Carlos Ghosn ousted over financial misconduct

Thu Nov 22, 2018 4:56 am

DaveinOlyWA wrote:
EVDRIVER wrote:Now if his name was Elon Musk it would be world headlines but I guess Nissan is not an important EV or auto maker. Goes to show you the Tesla nonsense,


How World does it have to be? It was all over the place.

It was discussed again on Nightly Business Report on Wednesday and was also mentioned in hourly news on the NPR app. I don't recall any mention of Tesla or Elon on either on Wednesday.

Front page of https://www.bloomberg.com/ right now has 6 stories on Ghosn and only 3 on Tesla/Elon.

I guess it's possible that those in the US who are pro-Tesla and Elon or only think of Tesla when it comes to EVs might feel the magnifying glass is really on Elon. I wouldn't be surprised if all this Ghosn news is much bigger deal in Japan and France to the general public than it might be to the average American.

https://www.theguardian.com/business/li ... iness-live has a live blog w/some updates. The Nissan board has ousted Ghosn. I also received push notifications on my iPhone from the Bloomberg and NHK World apps about the ousting.

http://www.journalgazette.net/article/2 ... /311229867 doesn't have too much new info.

https://www.nytimes.com/2018/11/21/busi ... -days.html is more insightful.

https://www3.nhk.or.jp/nhkworld/en/news/20181122_38/ says "Sources say the prosecutors are considering criminal charges against Nissan for its corporate responsibility in the scandal."

https://www.bloomberg.com/news/articles ... -detention says
"The executive is taking the arrest and investigation very badly and doesn’t understand what’s hit him, Yann Rousseau, the Tokyo correspondent for France’s Les Echos magazine told France Info radio on Thursday."

Details of Nissan chairman Carlos Ghosn’s life under arrest
https://www.thestate.com/news/business/ ... 60620.html

Austere Japan detention quarters contrast with Ghosn's globe-trotting lifestyle
https://www.reuters.com/article/us-niss ... SKCN1NR1CY

From cars to bars: The Japanese detention cell holding Nissan's Carlos Ghosn
https://www.straitstimes.com/asia/east- ... rlos-ghosn

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Re: Carlos Ghosn ousted over financial misconduct

Fri Nov 23, 2018 1:08 am

I Found This Very, Very Violent.’ Carlos Ghosn’s Arrest Tests Nissan-Renault Relationship
While the auto-industry star is in detention, the global auto alliance he ran is showing signs of strain and conflict.
https://www.wsj.com/articles/i-found-th ... 01?tesla=y

I had to futz around clicking thru a link from Google or another place (e.g. clicking Source Link from https://tech2.org/i-found-this-very-ver ... ationship/) to read it.
The Ghosn family believed the residences in Rio de Janeiro, Beirut and other locations were corporate housing, whose purchase went through the normal channels for Nissan approval, a person familiar with the family said.
...
On Monday, the day of his arrest, Mr. Ghosn landed in a Gulfstream jet at Tokyo’s Haneda Airport at 3:41 p.m. after a 5,500-mile trip from Beirut. He had an appointment to meet his daughter for a sushi dinner. Instead, Japanese prosecutors boarded the jet. Less than five hours later, he was under arrest in central Tokyo.
...
Mr. Ghosn’s daughter never got to see her father at their planned dinner date in Tokyo Monday, said the person close to the family. She was waiting at his apartment when she got a news alert on her phone telling of her father’s arrest.

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