scottf200
Well-known member
Autoline has some insight: 5:08 Ghosn’s Arrest Is Highly Suspicious
http://www.youtube.com/watch?v=J7OJQviOEUU&t=308s
http://www.youtube.com/watch?v=J7OJQviOEUU&t=308s
scottf200;4631581 said:Autoline has some insight: 5:08 Ghosn’s Arrest Is Highly Suspicious
https://www.youtube.com/watch?v=J7OJQviOEUU&t=308s
As my colleague Chris Bryant argued earlier, the alliance has become a lopsided beast — essentially a Japanese company with a Dutch head officeand an outsized stake in the hands of the French government. Renault’s 43 percent stake in Nissan typically accounts for the largest share of its equity-accounted earnings. From the perspective of Japan, the French company can resemble a parasite attempting to control its intrinsically stronger host.
This sounds like he did not file correctly what is known in the USA as SEC Form 4, “Statement of changes in beneficial ownership of securities,” from 2010 to 2015.
The company assets in question appear to be residences Nissan acquired for him in Brazil and Lebanon.
Filing these kinds of forms is seldom done by the executive himself. It is delegated to the financial staff and an attorney is appointed to supervise it. And how sleeping in a residence the company has put at your disposal is a misuse of company assets is not really clear to me.
The first misconduct happened over a clearly defined stretch of time. The first question to ask is, what happened in 2010 when it started?
That one is very clear. The law on disclosures to the stock exchange about executive compensation changed. Nissan had two scandals the last year about non-compliance with formal regulations. First, it was safety inspections not being performed by certified persons, and second was not updating emission testing to new regulations for many years.
This sounds more like another failure of the Nissan compliance oversight than an executive enriching himself. There are no accusations of overpaying himself or not paying the taxes due on his remunerations.
Misuse of company assets is more mystifying, especially with the added explanation that Ghosn’s other two jobs (CEO of both Renault and the Renault-Nissan Alliance) made oversight difficult. Was he flying in the Nissan plane to an Alliance meeting or sleeping in a Nissan bed while visiting a Renault plant?
scottf200 said:https://cleantechnica.com/2018/11/21/carlos-ghosn-greed-stupidity-or-a-coup/
This sounds like he did not file correctly what is known in the USA as SEC Form 4, “Statement of changes in beneficial ownership of securities,” from 2010 to 2015.
The company assets in question appear to be residences Nissan acquired for him in Brazil and Lebanon.
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