I am not sure why does it matters if the board want him out: *The only thing I care about is: did he commit fraud?* *I don't know so in France, someone commits a fraud, you just let him go?* Commit a Crime - Go to Jail Zero politics involved.
Absolutely YES! not everyone in FRANCE. but HIM. he was accuse of the same crime here in France. he walk away no charge press on him. its says that he is the fastest tax fraud cleared in the history of fraud. now maybe it will he reopen again. in this country as long as you are powerful, you are untouchable but dont fall from your grace.
Ghosn is in jail for 110 days with no charges. They can keep "rearresting" him every 10 days before they release him on another made up charge that they cant prove, but they hope that another 10 days of no lights off, 24 hour interrogations round the clock, and no contact with lawyers or family, they can break him and force a confession. It's amazing the yakuza prosecutors have the nerve to show their face bragging about how they can torture confessions so well they have a 99% confession rate. It's hard to respect a barbaric judiciary like Japan has.
@@johnfilmore7638 With your either unintentional or malicious change of terminologies (i.e. conviction rate vs confession rate, 10 days vs 23 days, "no charge" with 110 days yet he was charged merely after one extension), I'm surprised at your bravery by shouting out unintelligent junk without fearing being laughed at. Japan has different laws, accept it. Don't like it? Too bad.
@@gabrielriley2388 Nissan management brought Nissan to bankruptcy and would have been broken up without Ghosn. Fact. Japanese Nissan management destroyed Nissan.
What he did was fired 20,000 employees, closed factories and sold assets of Nissan. He eliminated the resources and labor to cut the costs but he was the cost, biggest one. I wonder how those ex-employees would feel, now.
takuya nishimura, well for one those employees families are probably struggling to make ends meet because it’s not that easy to find another job, I hope your country gets the company back as it is japanese after all.
1) His income came after he saved Nissan! 2) What the hell are talking about?! Do you know anything about business? 3) Better to lay off 20k than to go bankrupt!!! Yes, it's not a utopia but someone must do hard choices.
He spent so much money to fire their workers, and received /spent tens of million dollars, with which he needn’t have fired the employees. It’s just a simple mathematics. He is not only accused of his huge money and hidden assets, but paying wages to his families who do not work for Nissan, buying his houses in several countries with company’s money, pay unnecessary consultation fees to his friend and many more. I wonder these issues are reported in the countries you guys are in.
I'm Japanese. Tax evasion had been recognized for two years, was probably tolerated. However, as Mr. Ghosn launched a policy to merge Renault and Nissan under the pressure of the French government, it's considered that the opposing Nissan executives accused Ghosn's fraud. Sales of the Renault Nissan Mitsubishi group is the largest in the world, exceeding Toyota and VW. The merger that will bring Nissan's technological capabilities, brand power, and sales capabilities to Renault (half of Nissan's sales) should be a big advantage for France, but not for Nissan.
I agree. A. "I'm shocked, shocked to learn that there is gambling on the premises." B. "Here sir, you're winning." A. "Oh, thank you very much." - "Casablanca" the movie.
1. Over $50 million was unreported during his operation in Nissan 2. Over $200k was used (again Nissan money, not from his pocket) for his family vacation trip 3. He bought his mother's house using Nissan money (not from his pocket) 4. He bought his furnitures for his home using Nissan money (not from his pocket, called region office to take care the bill) I only know these facts but isn't it enough evidences him getting punished? Only reason I see French bashes Japan because of their Gov. own 15% of Renault and it is damaging their reputation and money. Wonder if the part of $50 million was used for running the president of France as they are close friend, that what conspiracy says..........
Norio-san then why doesn't the Prosecution charge Goshn and stop torturing Ghosn for 110 days trying to extract a confession? Japanese prosecutors are acting like Yakuza. The world is watching them act like gangsters making a mockery of Japanese Law. Prosecutors have told many lies and cannot prove any of their lies otherwise they would follow the law and charge Ghosn in court. Why do you protect Yakuza Prosecutors and let them run a criminal operation?
@@jhca4671 Ghosn has been held 110 days without charge, just torture to force a confession. If the charges are true it is bad. But if yakuza prosecutors can just lie and keep Ghosn in jail 110 days with no charges in court (not fake lying charges to torture without trial), are you ok if Japanese Yakuza Prosecutors claim Ghosn killed 20 people because its Japanese Yakuza Prosecutors so you love Japanese hate French Ghosn? How long can someone be kept in jail with only accusations not proven in court before you say too much? Is 1 years kept in jail without court ok? Is 5 years ok? Is just killing Ghosn with no trial ok? What does Japan think is justice, just telling lies and never proving them?
This happened because Ghosn talked about the integration Renault and Nissan in this summer. Nissan management side never think about the integration with Renault.If Ghosn never talk about the integration then nothing happened. We all think that the management of Renault will not able to survive in future severe technical competition against VW,Toyota and other rising new-tech. car manufacturers. Macron has to handle this matter very carefully for the future of Renault.
The major concern for Nissan was the merger plan pushed by the principal share holder French Government which wanted control Nissan 100%. Gohsn was refusing first but accepted on the condition of staying another 4 or 5 years as chairman of Renault which has say for Nissan. Nissan is Ok with the alliance style but doesn't want to be owned by the French government.
Politics aside: *The only thing we should be concerned about is: did he commit fraud?* I don't know so in your country, someone commits a fraud, you just let him go?
Japan will want to get Nissan back under Japanese full control. The brand is iconic for them as GM is in the US. Japanese culture and saving face is critical here. I suspect Nissan's lose of reliability under Ghosn's rule didn't sit well with Nissan management in Japan. I wish the best for Nissan and Mitsubishi going forward.
@@oOZdemOo No where did I criticize Ghosn or Renault for not financially saving Nissan. But for Nissan it was a deal made in desperation to save itself, not one it wanted to make! If Nissan sees the opportunity to get independent of Renault here, I think they will take it. Renault's reputation in the USA is awful. USA is critical market for Nissan. Consumer Reports and many others are down rating Nissan reliability especially for their horrible CVT transmissions that often fail before 60K miles. Nissan needs to get sole control of it's engineering back and restore it's reputation before it loses it completely. In fact, Bloomberg is reporting Nissan is already seeking the removal of Ghosn. I don't know what Ghosn did, if anything wrong, but Nissan clearly is seizing it's chance here.
The irony (or the hypocrisy) is that Renault is partially owned by the French government, and they would never allow any foreign entity to exceed her share to the point of having voting privilege.
I guessed that the Japanese wants to get him out and take back Nissan ownership by Japanese. Probably, Japanese will replace Ghosh. Yes, the Japanese are happy!
Where ever the person from, what ever the race or nationality is, crime is crime and fraud is fraud, embezzlement is not forgivable to corporate society what ever the size is, it should be investigated by public prosecutors and judged by court of law. It’s the same for Japanese, Chinese, and Americans. Doesn’t matter whichever this occurred to Nissan, Renault, even for VW, MB, or GM.
POWER CORRUPT, ABSOLUTE POWER CORRUPT ABSOLUTELY. when you ultimately think you can walk on water, nothing couldn't stop him... but did he need to be so greedy? this is crazy!
Keep all your incomes , and spend with the company money for all the expenses including vacations , houses , furniture and etc... why not? Greed is the only word!
Hubert Maréchal liauttey l 10 abonné France colonized all over the world. France killed a lot of people in Africa and Asia.France did slave system . France is liar because France colonized all over the world. This is war crime . Japan fought Western imperialism and colonism.
@@Mr-so6to you are evil, you support Japans Rape of Nanking, raping and murdering 3 million Chinese and Japanese denying it, when will you follow Germany and stop praising your Nazi WW2 leadership.
It sounds like to me that Nissan wants to end the partnership with Renault after becoming profitable again they've been waiting for something so they can use it as an excuse to separate
..Renault are using Nissan 4x4 technology and electricals to take Renault Upmarket whilst suffocating Nissan models slowly...hence they want Ghosn out. .apart from design flair Renault brings Nothing to the table...I can't remember the last time I saw Renault 5 GT Turbo..😥😥😥
I work in Mitsubishi factory in kurashiki and even our bosses here and leaders are working 6days a week almost 16hrs per day just to get by the loads of work we have. You can see it in our eyes and body that we are doing the best we can to support the company while this guy, and mostly other CEOs and likes are getting billions or trillions of japanese yen! I dont even care who becomes the next top person is, just do something about our work situation and compensation. Suicide is gonna be a problem soon for working too much.
This guy was called Seven Eleven by Japanese teams. When he came up to Nissan top management HQ, everybody was coming at 10, so he started to come at 7 and within 3 months everybody started to come at 7. So they called him Seven Eleven :)
@R. A. when you read his biography and credentials, no question the guy is brilliant talented, smart, hard worker simply genius. BUT along the line, power hungry, GREED and ultimately out of checks and balance, is what take him down today. what's a very sad end.
I do not believe that a 64 year old man will risk 10years in prison for getting just a little bit richer then hè already was...., I do believe that Nissan wanted HIM out of the company....!
*The only thing I care about is: did he commit fraud? * I don't know so in your country, someone commits a fraud, you just let him go? Commit a Crime - Go to Jail.
According to Asahi news paper, he hired his sister as a "consultant " in Brasil with Nissan's money, she is nothing do with Nissan and she was paid a little over $100.000 a year for managing his condo which he used company's money to buy the condo. He also used the company's money for private family trips and buy real estates in US, Japan, France and Brasil. Also he hid about $100million from Japanese government.
Sterren Massage Academie I don’t think you do not understand what’s really going on here!! And if he is real rich then why he need to buy a house in some places around the world using the company money!!??
...if it was that they could hv poisoned him...make him ill...retire him on health grounds and cure him after he retires...or stage a Honey Trap...no need for this international scandal..
He done receovered Nissan, while they was cash crunch, means no one would borrow them no more. And now there is not only Nissan Renault, there is also Dacia, Lada, Mitsubishi, Dong Feng, and some Indian car manufacturers. It's like everybody wants to work with him.
@@hedydd2 He might have rescued them, but he also ruined a once innovative and very reliable car maker, Nissan´s from 2001 on are plagued with faults and everything seems to be concentrated in that Qashquai shitbox, gone are the amazing Skyline, NX300....... !!
@@MehdiS-music Bottom line is the bottom line and Nissan are selling well and profitably. Previously they were on the point of oblivion and irrelevancy. You just cannot get away from those facts.
Huw More facts: All the Nissan customers/suckers who’s wallets were drained from cvt failure, oil consumption, radiators that destroy transmissions, transfer case failures, cam shaft sensors that fail, timing chains that fail, rusted altimas, and catalytic converter failures, this is where Carlos got all his money from. He sold them the same car twice and sometimes three times over. They were a Nissan shell with French unreliability. I have been saying this for yeeeeeears! He’s been their personal crook all this time. Unfortunately, it wasn’t until he did this to the government that someone finally decided to go after him.
I wonder if the Japanese set Ghosn up for that so that they wouldn’t lose face. The fact of the matter is that a Gaijin came in and saved their company. That makes them look incompetent and that’s a very hard pill to swallow for such a distinguished people. Another question from that Japanese Perspective is why does a business executive need a private jet when their are stories of Japanese businessmen that took salary cuts and the like to save their company?
Hiroto Saikawa. He set him up to cover his own tracks by agreeing to cooperate with prosecutors and thereby setting him up. Still he hasn't been questioned.
It's been reported here in Japan, a board of directors meeting took place on 22 Nov. 2018, Japan time, including two Renault executives who are also Nissan directors, participating in the meeting via video connection. In short, what the Nissan chief executive explained was so bad to keep the Frenchmen quiet throughout the meeting.
What goes around comes around ... The guy was so mean, not human. He is paying for all the bad things he has done in the past. All the dictators are on the brink of extinction. Going....Going....Gone ! I am sure the car industry can survive without him.
When Nissan and Mitsubishi were on the brink of going down, they were begging for Carlos Ghosn to save them. They even agreed to Carlos Ghosn's pay package and absolute power in the company. Absolute power was necessary to do this. Now, when Nissan and Mitsubishi were saved and now leader in the automotive industry, they need to get him out and take back the company into Japanese's hands. That's the motives!
I love how the French try to dismiss the crimes after saying "many already knew this", and change the subject into this "why now?" "boardroom coup?" kind of Japan bashing. Just because "many already knew it", you can't just brush embezzlement of 150 million and stealing company assets for personal use under the carpet and let him continue as Chairman.
Isn’t it true that in 1999 all banks stopped lending money to Nissan because they were $20 billion in debt and on the verge of bankruptcy? If yes, the French saved the Japanese. Critics of Carlos are jealous, less talented haters. Yeah, let’s get rid of the French and go back to $20 billion of debt, bankruptcy, and boring car design. $12 million a year... he should get $20 million a year. Yes, he cut 20,000 jobs but, how many jobs did he save? Nissan was drowning, Carlos pulled Nissan to shore then, Nissan stabs Carlos.
They say something like he forgotten to declare his shares. Plus he might have paid his marriage in Versailles and some housings on behalf of Nissan. But all this is very questionnable, if really done wrong or not.
People simple rule pay your taxes properly,fill and submitt your income tax return properly. In Japan Ghosn case is not rare ! not b.cuz his a French or what so ever , Taxation in Japan is very strict lots of people has been penalize b.cuz of this, They dont care who you are!. Speaking of myself Ive got a warning too and I payed triple. Im telling you this, that, The goverment official working in Taxation are very hard working, when they got their eyes on you they were going to follow you 24/7 , lots of you think, why now ?, they are dogged people but dont act impulsively they gathered facts little by little so quitely not giving you any clue to hide anything ,and when they got all the evidence proving you are guilty then thats it THE END. Until now Im wondering why they were able to find out about my income tax ( scratching my head)
Ghosn simply screwed up big time!!! He'll be taken care in the cage away from wanna be boyfriends... At least he is safer in Japan than in overseas if he has no gay tendencies.
There would be no Nissan without Renualt. I am not French but this is true. If Renualt had not bought Nissan in bankruptcy, the creditors would have sold each factory to anyone, and Nissan would have not existed anymore because management had destroyed the brand.
Saikawa set him up with authorities to escape jail term from the Japanese government. If this investigation is transperent as they claim, let them also dig into Saikawa who was a board member when Carlos Ghosn made the alleged sum of money as salary. Who approved his salary, Saikawa should be interrogated. Biased, one sided judicial system.
What’s described here is a complete lose/lose scenario. Will there be any winners here? Saikawa resigns under a cloud month’s later and doubts swirl around the Alliance.
It is a Nissan side coup d like to be concerned about becoming an absorption merger by Renault. It is not only the fault of himself but also the problem of internal control that could continue to monopolize the management rights of Nissan for 20 years. Compared with Toyota, Nissan is expected to improve management soundness.
He should spend a year in prison, pay huge fines and then serve the following 9 years as CEO of Tesla. With a $1m all in benefits package. No stock options etc.
3 business alliances in the automotive industry were over . "3 group must release or sale their shares ". France gov or Japan gov stand as buying guarantor its share or prepare do capital injection.
Was Carlos responsible for the signing off of the Nissan Leaf EV? One of the worst vehicles made with awful battery management and range. I remember Carlos was arrogant in his approach that people won’t mind spending big money on a car with such a low range. That arrogance didn’t bode well in my mind. This story doesn’t surprise me. An overrated CEO.
It is amazing that he earned so many millions a year from each of four organisations, yet would risk spending half his remaining life in jail for a few million more. Why? When is 'enough' actually 'enough'?
By money of a company, in all over the world, a house, buying A wedding in the Palace of Versailles was done by money of a company. The income ran away from a tax
How is a boy kicking a bag of air around a field worth more than a man who saved Nissan from bankruptcy? Nice to see the Japanese jumping in and sticking a knife in his back. If you upset someone at high level there is nothing that can protect you. On the other hand if you earn so much why do you need to commit fraud? something doesn't add up and I believe there is something not quite right.
Do not be too eager to do a jig and reel at the sight of Ghosn’s woes. Consider the relative immunity of Japanese executives who can get away scot-free with peddling lethal airbags, dodgy steel parts strewn throughout every conceivable bit of infrastructure or commodity, or erecting nuclear plants smack-bang adjacent to sites long known to be exposed to potential tectonic doomsday.
I am not chocked 12M euro! Hahaha I leasad a Renault and because I went on sickleave after 10 years as a Renault employee due to my whistle blowing 2 years ago about sexual, moral and psychological harrassment. The CEO Sylvain D. Asked me to stop the mailing between us. I am still wondering where the customary flower bouquet that only board members receive when they are sick.
Ghosn rescued Nissan that is truth. However, after then, what he has done was inexcusable enough to get fired. He failed our trust so badly indeed.after all he is just obsessed with limitless money itself . moreover Tokyo prosecutors office keeps him for interrogation, that has been criticisedby the other countries. It happened in Japan , each country has its own way, no oneshould interfere with Japanese ways of investigations. we must wait and see the resultwithout any interference.
Japan is having too much political issues right now. And this too all started from politics. Ghosn was once called a hero in Japan because he revived their well known car brand and prevented it from going bankrupt. Now Japan is betraying him because the car brand is doing much better than they expected after the brink of bankruptcy and Japan now wants to take control of the company. You think Japan is a free country but if you ask the civilians in Japan, they say civilians are much powerless compared to the one who live in democratic countries.
I live in Japan and in the west. Have you asked me? 😂 People in Japan enjoy a lot more power than those in America. Power to demand adequate healthcare, power to be be away from gun violence, power to use much superior infrastructure and so on. Japan is a fully functioning democracy, unlike the US that elects its president through the ultimately undemocratic electoral college. We just slashed the seats of the ruling party, and now they’re working hard to deliver the tax cuts that the people demanded. Care to share more?
then, YOU ask any regular worker (NOT management, the real WORKERS) at any of the Renault/Nissan sites, if they are HAPPY at/in their "conditions" of work !? YEP, you got it already …. It's time for the WORLD WORK FORCES to think, and THINK HARD !!!!!!!!!!!!!!!!!!!
Nissan is a disgrace, built up into a great company making great cars now failing due to incompetence. What is wrong with the current generation of Japanese management, it's not only Nissan.
@@johnfilmore7638 The point is that Nissan at that time don't want design and spend money on european designers, just engineering. If they followed Toyota that should be ok.
I can’t believe this video in retrospect it is ridiculous none of the people have any information for a fact and basically accusing him Mr. Ghon of just having too much power that’s a charge I mean this video and these panels are a ridiculous
Renault, Nissan, and Mitsubishi are three separate companies. On the other hand, they work VERY closely together, share executives, own part of each other (and of the Renault-Nissan-Mitsubishi Alliance company). If we pretend it is a single company (which it *almost* is), then it is one of the top three car companies in the world. VW, Toyota, and RNM are so close that it's hard to say on any given day which one is larger than the others. And why is RNM so big? Carlos Ghosn. Why does Nissan even still exist as a company? Carlos Ghosn.
"great professional with all the answers" was the same thing they said about Fred Goodwin. they say it for Donald Trump (well they do in america) as we watch this. yeah, no clue whatsoever...
Getting a high salary package is not a criminal act. Otherwise 90% of CEOs in the US would be behind bars. The morality of it is a different issue.
Dirty executive coup d'etat happened to Carlos Ghosn... All about Nissan National pride. Fuelled by executive jealousy!
I am not sure why does it matters if the board want him out:
*The only thing I care about is: did he commit fraud?*
*I don't know so in France, someone commits a fraud, you just let him go?*
Commit a Crime - Go to Jail
Zero politics involved.
Absolutely YES! not everyone in FRANCE. but HIM. he was accuse of the same crime here in France. he walk away no charge press on him. its says that he is the fastest tax fraud cleared in the history of fraud. now maybe it will he reopen again. in this country as long as you are powerful, you are untouchable but dont fall from your grace.
mrk, la france ne decide plu de rien, l europe decide, c est 1 scandale
Ghosn is in jail for 110 days with no charges. They can keep "rearresting" him every 10 days before they release him on another made up charge that they cant prove, but they hope that another 10 days of no lights off, 24 hour interrogations round the clock, and no contact with lawyers or family, they can break him and force a confession.
It's amazing the yakuza prosecutors have the nerve to show their face bragging about how they can torture confessions so well they have a 99% confession rate.
It's hard to respect a barbaric judiciary like Japan has.
@@johnfilmore7638 With your either unintentional or malicious change of terminologies (i.e. conviction rate vs confession rate, 10 days vs 23 days, "no charge" with 110 days yet he was charged merely after one extension), I'm surprised at your bravery by shouting out unintelligent junk without fearing being laughed at.
Japan has different laws, accept it. Don't like it? Too bad.
This is nothing more than the Japanese wanting their company back now that Ghosn has saved it from oblivion.
jpracingph: I think he remained more than necessary that's he rotten himself.
Renault would eventually ruin Nissan.
@@gabrielriley2388 Nissan management brought Nissan to bankruptcy and would have been broken up without Ghosn. Fact. Japanese Nissan management destroyed Nissan.
Hubert Maréchal liauttey l 10 abonné and now there going to destroy Nissan.
Ghosen is the best thing that happened to every company he worked for.
unfortunately for him, this happen in JAPAN, in FRANCE he would have get away with even more
Why he wouldn't get away with it ?
What he did was fired 20,000 employees, closed factories and sold assets of Nissan. He eliminated the resources and labor to cut the costs but he was the cost, biggest one. I wonder how those ex-employees would feel, now.
takuya nishimura, well for one those employees families are probably struggling to make ends meet because it’s not that easy to find another job, I hope your country gets the company back as it is japanese after all.
he did this to save Nissan from un necessary jobs
1) His income came after he saved Nissan!
2) What the hell are talking about?! Do you know anything about business?
3) Better to lay off 20k than to go bankrupt!!! Yes, it's not a utopia but someone must do hard choices.
clearly you don't fit to be a CEO. Every struggling company will cut the costs to regain back balance in profit and loss.
He spent so much money to fire their workers, and received /spent tens of million dollars, with which he needn’t have fired the employees.
It’s just a simple mathematics.
He is not only accused of his huge money and hidden assets, but paying wages to his families who do not work for Nissan, buying his houses in several countries with company’s money, pay unnecessary consultation fees to his friend and many more.
I wonder these issues are reported in the countries you guys are in.
I'm Japanese. Tax evasion had been recognized for two years, was probably tolerated. However, as Mr. Ghosn launched a policy to merge Renault and Nissan under the pressure of the French government, it's considered that the opposing Nissan executives accused Ghosn's fraud.
Sales of the Renault Nissan Mitsubishi group is the largest in the world, exceeding Toyota and VW. The merger that will bring Nissan's technological capabilities, brand power, and sales capabilities to Renault (half of Nissan's sales) should be a big advantage for France, but not for Nissan.
Yes. It's impossible they didn't know. They did and when it was to their advantage, they struck Ghosn down.
I agree. A. "I'm shocked, shocked to learn that there is gambling on the premises." B. "Here sir, you're winning." A. "Oh, thank you very much." - "Casablanca" the movie.
1. Over $50 million was unreported during his operation in Nissan
2. Over $200k was used (again Nissan money, not from his pocket) for his family vacation trip
3. He bought his mother's house using Nissan money (not from his pocket)
4. He bought his furnitures for his home using Nissan money (not from his pocket, called region office to take care the bill)
I only know these facts but isn't it enough evidences him getting punished?
Only reason I see French bashes Japan because of their Gov. own 15% of Renault and it is damaging their reputation and money.
Wonder if the part of $50 million was used for running the president of France as they are close friend, that what conspiracy says..........
Is this a different news coming from Tokyo?
And if there is this much evidence, why detain him for so long without charging him?
@@kiriruable He has been charged. And the system allows the prosecutors to file indictments within 23 days, so why hurry?
Norio-san then why doesn't the Prosecution charge Goshn and stop torturing Ghosn for 110 days trying to extract a confession?
Japanese prosecutors are acting like Yakuza. The world is watching them act like gangsters making a mockery of Japanese Law. Prosecutors have told many lies and cannot prove any of their lies otherwise they would follow the law and charge Ghosn in court. Why do you protect Yakuza Prosecutors and let them run a criminal operation?
@@jhca4671 Ghosn has been held 110 days without charge, just torture to force a confession. If the charges are true it is bad. But if yakuza prosecutors can just lie and keep Ghosn in jail 110 days with no charges in court (not fake lying charges to torture without trial), are you ok if Japanese Yakuza Prosecutors claim Ghosn killed 20 people because its Japanese Yakuza Prosecutors so you love Japanese hate French Ghosn?
How long can someone be kept in jail with only accusations not proven in court before you say too much? Is 1 years kept in jail without court ok? Is 5 years ok? Is just killing Ghosn with no trial ok?
What does Japan think is justice, just telling lies and never proving them?
This happened because Ghosn talked about the integration Renault and Nissan in this summer. Nissan management side never think about the integration with Renault.If Ghosn never talk about the integration then nothing happened. We all think that the management of Renault will not able to survive in future severe technical competition against VW,Toyota and other rising new-tech. car manufacturers. Macron has to handle this matter very carefully for the future of Renault.
The major concern for Nissan was the merger plan pushed by the principal share holder French Government which wanted control Nissan 100%. Gohsn was refusing first but accepted on the condition of staying another 4 or 5 years as chairman of Renault which has say for Nissan. Nissan is Ok with the alliance style but doesn't want to be owned by the French government.
kroooassant business is war an old Japanese proverb
Lewt Moo; What merger? Where are the details? The facts? And, not unsubstantiated rumours.
Politics aside:
*The only thing we should be concerned about is: did he commit fraud?*
I don't know so in your country, someone commits a fraud, you just let him go?
Exactly so. France crossed the line.
Japan will want to get Nissan back under Japanese full control. The brand is iconic for them as GM is in the US. Japanese culture and saving face is critical here. I suspect Nissan's lose of reliability under Ghosn's rule didn't sit well with Nissan management in Japan. I wish the best for Nissan and Mitsubishi going forward.
Yogi on a Scooter well said
Ghosn actually brought Nissan back from the edge of death, so your argument is invalid.
@@oOZdemOo No where did I criticize Ghosn or Renault for not financially saving Nissan. But for Nissan it was a deal made in desperation to save itself, not one it wanted to make! If Nissan sees the opportunity to get independent of Renault here, I think they will take it. Renault's reputation in the USA is awful. USA is critical market for Nissan. Consumer Reports and many others are down rating Nissan reliability especially for their horrible CVT transmissions that often fail before 60K miles. Nissan needs to get sole control of it's engineering back and restore it's reputation before it loses it completely. In fact, Bloomberg is reporting Nissan is already seeking the removal of Ghosn. I don't know what Ghosn did, if anything wrong, but Nissan clearly is seizing it's chance here.
The irony (or the hypocrisy) is that Renault is partially owned by the French government, and they would never allow any foreign entity to exceed her share to the point of having voting privilege.
Without Ghosn Nissan wouldn't exist
I guessed that the Japanese wants to get him out and take back Nissan ownership by Japanese. Probably, Japanese will replace Ghosh. Yes, the Japanese are happy!
Some Japanese are happy, but I really doubt the majority is.
It's not about France VS Japan, Nissan is not owned by Japanese government however the French government owns 15% of Renault share.
Max B I guess that’s why there are people saying banzai on the streets and the Japanese media is praising nissan! Oh that’s all fake according to you!
Where ever the person from, what ever the race or nationality is, crime is crime and fraud is fraud, embezzlement is not forgivable to corporate society what ever the size is, it should be investigated by public prosecutors and judged by court of law. It’s the same for Japanese, Chinese, and Americans. Doesn’t matter whichever this occurred to Nissan, Renault, even for VW, MB, or GM.
POWER CORRUPT, ABSOLUTE POWER CORRUPT ABSOLUTELY. when you ultimately think you can walk on water, nothing couldn't stop him... but did he need to be so greedy? this is crazy!
Keep all your incomes , and spend with the company money for all the expenses including vacations , houses , furniture and etc... why not? Greed is the only word!
In Japan, it is impossible for the government to intervene in private enterprises. Since when France became a dictatorship state
Hubert Maréchal liauttey l 10 abonné France colonized all over the world. France killed a lot of people in Africa and Asia.France did slave system . France is liar because France colonized all over the world. This is war crime . Japan fought Western imperialism and colonism.
Hubert Maréchal liauttey l 10 abonné France attacked Syria. This is war crime
Hubert Maréchal liauttey l 10 abonné France attacked Syria without UN permission. This means that France ignored international rules and treaty
Hubert Maréchal liauttey l 10 abonné There is no war for 70 years in Japan. But France attacked developing countries. France is evil
@@Mr-so6to you are evil, you support Japans Rape of Nanking, raping and murdering 3 million Chinese and Japanese denying it, when will you follow Germany and stop praising your Nazi WW2 leadership.
It sounds like to me that Nissan wants to end the partnership with Renault after becoming profitable again they've been waiting for something so they can use it as an excuse to separate
..Renault are using Nissan 4x4 technology and electricals to take Renault Upmarket whilst suffocating Nissan models slowly...hence they want Ghosn out. .apart from design flair Renault brings Nothing to the table...I can't remember the last time I saw Renault 5 GT Turbo..😥😥😥
I work in Mitsubishi factory in kurashiki and even our bosses here and leaders are working 6days a week almost 16hrs per day just to get by the loads of work we have. You can see it in our eyes and body that we are doing the best we can to support the company while this guy, and mostly other CEOs and likes are getting billions or trillions of japanese yen! I dont even care who becomes the next top person is, just do something about our work situation and compensation. Suicide is gonna be a problem soon for working too much.
Pay back of karma by Carlos Ghosn.
How on earth does one man earn 45k euros a day?
Smarter, harder work.
This guy was called Seven Eleven by Japanese teams.
When he came up to Nissan top management HQ, everybody was coming at 10, so he started to come at 7 and within 3 months everybody started to come at 7.
So they called him Seven Eleven :)
@@ohsam8483 we know how Pablo ended up
@R. A. when you read his biography and credentials, no question the guy is brilliant talented, smart, hard worker simply genius. BUT along the line, power hungry, GREED and ultimately out of checks and balance, is what take him down today. what's a very sad end.
@@ohsam8483 he end up dead.
I do not believe that a 64 year old man will risk 10years in prison for getting just a little bit richer then hè already was...., I do believe that Nissan wanted HIM out of the company....!
*The only thing I care about is: did he commit fraud?
*
I don't know so in your country, someone commits a fraud, you just let him go?
Commit a Crime - Go to Jail.
According to Asahi news paper, he hired his sister as a "consultant " in Brasil with Nissan's money, she is nothing do with Nissan and she was paid a little over $100.000 a year for managing his condo which he used company's money to buy the condo.
He also used the company's money for private family trips and buy real estates in US, Japan, France and Brasil.
Also he hid about $100million from Japanese government.
Sterren Massage Academie
I don’t think you do not understand what’s really going on here!!
And if he is real rich then why he need to buy a house in some places around the world using the company money!!??
...if it was that they could hv poisoned him...make him ill...retire him on health grounds and cure him after he retires...or stage a Honey Trap...no need for this international scandal..
Simply. Well put. That is what it is.
When he confessed to someone I really loved, I loved him
Nissan does not need the French and Renault - they will only drag Nissan to the bottom
Nissan was at the very bottom before Renault and Ghosn rescued it.
He done receovered Nissan, while they was cash crunch, means no one would borrow them no more.
And now there is not only Nissan Renault, there is also Dacia, Lada, Mitsubishi, Dong Feng, and some Indian car manufacturers.
It's like everybody wants to work with him.
@@hedydd2 He might have rescued them, but he also ruined a once innovative and very reliable car maker, Nissan´s from 2001 on are plagued with faults and everything seems to be concentrated in that Qashquai shitbox, gone are the amazing Skyline, NX300....... !!
@@MehdiS-music
Bottom line is the bottom line and Nissan are selling well and profitably. Previously they were on the point of oblivion and irrelevancy. You just cannot get away from those facts.
Huw
More facts: All the Nissan customers/suckers who’s wallets were drained from cvt failure, oil consumption, radiators that destroy transmissions, transfer case failures, cam shaft sensors that fail, timing chains that fail, rusted altimas, and catalytic converter failures, this is where Carlos got all his money from. He sold them the same car twice and sometimes three times over. They were a Nissan shell with French unreliability. I have been saying this for yeeeeeears! He’s been their personal crook all this time. Unfortunately, it wasn’t until he did this to the government that someone finally decided to go after him.
I wonder if the Japanese set Ghosn up for that so that they wouldn’t lose face. The fact of the matter is that a Gaijin came in and saved their company. That makes them look incompetent and that’s a very hard pill to swallow for such a distinguished people. Another question from that Japanese Perspective is why does a business executive need a private jet when their are stories of Japanese businessmen that took salary cuts and the like to save their company?
I like how he allows each of the guests to talk and share their opinions.
This is so fishy, why now? Who's the whistle blower?
Pako Ramarumo pretty much everybody in Nissan
Dirty executive coup d'etat happened to Carlos Ghosn... All about Nissan National pride. Fuelled by executive jealousy!
Hiroto Saikawa. He set him up to cover his own tracks by agreeing to cooperate with prosecutors and thereby setting him up. Still he hasn't been questioned.
The lag between France and Germany is ridiculous!
Nissan must stand alone again..
Untangling the company from the alliance would be a nightmare, 20 years of coexisting I don't think they could go it alone again
Nissan image , way down . Nissan losing billions . Japan national image damaged . Ghosn is emerging like the Count of Monte Cristo . Fall from grace ?
Soy boy was delusional 😂
1,000,000 dollars of Carlos Ghosn also got it from a subsidiary company.
This won't also pay a tax.
It's been reported here in Japan, a board of directors meeting took place on 22 Nov. 2018, Japan time, including two Renault executives who are also Nissan directors, participating in the meeting via video connection. In short, what the Nissan chief executive explained was so bad to keep the Frenchmen quiet throughout the meeting.
IT'S A BOARD COUP.
I am so happy to know that this crook is in jail.
What goes around comes around ... The guy was so mean, not human. He is paying for all the bad things he has done in the past. All the dictators are on the brink of extinction. Going....Going....Gone ! I am sure the car industry can survive without him.
When Nissan and Mitsubishi were on the brink of going down, they were begging for Carlos Ghosn to save them. They even agreed to Carlos Ghosn's pay package and absolute power in the company. Absolute power was necessary to do this. Now, when Nissan and Mitsubishi were saved and now leader in the automotive industry, they need to get him out and take back the company into Japanese's hands. That's the motives!
I love how the French try to dismiss the crimes after saying "many already knew this", and change the subject into this "why now?" "boardroom coup?" kind of Japan bashing.
Just because "many already knew it", you can't just brush embezzlement of 150 million and stealing company assets for personal use under the carpet and let him continue as Chairman.
CARLOS (GHOSN & TAVARES) ARE CEO STARS & ATHLETES. THEY DESERVE THEIR HIGH COMPENSATIONS, UNLIKE MOST CEO'S. SO DID MARCHIONNE, HE WAS A STAR ALSO!
@Yen Tao How well is Sahkatawa and those Companies are doing now? NOT WELL!
Isn’t it true that in 1999 all banks stopped lending money to Nissan because they were $20 billion in debt and on the verge of bankruptcy? If yes, the French saved the Japanese. Critics of Carlos are jealous, less talented haters. Yeah, let’s get rid of the French and go back to $20 billion of debt, bankruptcy, and boring car design. $12 million a year... he should get $20 million a year. Yes, he cut 20,000 jobs but, how many jobs did he save? Nissan was drowning, Carlos pulled Nissan to shore then, Nissan stabs Carlos.
Another guy he reads before commenting. Well said my friend.
The right answer re Exec compensation is NOT Govt rules; the right answer is restoring power to shareholders, which Govts have diluted over the years!
It's not tax fraud he was churged of as of now. Please correct.
They say something like he forgotten to declare his shares.
Plus he might have paid his marriage in Versailles and some housings on behalf of Nissan.
But all this is very questionnable, if really done wrong or not.
People simple rule pay your taxes properly,fill and submitt your income tax return properly. In Japan Ghosn case is not rare ! not b.cuz his a French or what so ever , Taxation in Japan is very strict lots of people has been penalize b.cuz of this, They dont care who you are!. Speaking of myself Ive got a warning too and I payed triple. Im telling you this, that, The goverment official working in Taxation are very hard working, when they got their eyes on you they were going to follow you 24/7 , lots of you think, why now ?, they are dogged people but dont act impulsively they gathered facts little by little so quitely not giving you any clue to hide anything ,and when they got all the evidence proving you are guilty then thats it THE END. Until now Im wondering why they were able to find out about my income tax ( scratching my head)
Ghosn simply screwed up big time!!! He'll be taken care in the cage away from wanna be boyfriends... At least he is safer in Japan than in overseas if he has no gay tendencies.
Love the finger pointing by the other employee! I’m shaming him too!
France is backward in technology. Renault gained from Nissan.
There would be no Nissan without Renualt. I am not French but this is true. If Renualt had not bought Nissan in bankruptcy, the creditors would have sold each factory to anyone, and Nissan would have not existed anymore because management had destroyed the brand.
Saikawa set him up with authorities to escape jail term from the Japanese government. If this investigation is transperent as they claim, let them also dig into Saikawa who was a board member when Carlos Ghosn made the alleged sum of money as salary. Who approved his salary, Saikawa should be interrogated. Biased, one sided judicial system.
Have you ever heard of judicial bargaining? You must be a very talented law student lol
Brazilian DNA & Lebanese DNA !? Think …. and then THINK so MORE …..
michtimi Bof and to top it all, a french education
In Japanese jail, they don't call you by your name. You are given a number. I wonder if his number is 23? NI - SAN
What’s described here is a complete lose/lose scenario. Will there be any winners here? Saikawa resigns under a cloud month’s later and doubts swirl around the Alliance.
Long live the Carlos Ghosn era Nissans
What corporate irresponsibility. Share price slashed and sales falling through the floor boards. The board of Nissan should be fired
It is a Nissan side coup d like to be concerned about becoming an absorption merger by Renault. It is not only the fault of himself but also the problem of internal control that could continue to monopolize the management rights of Nissan for 20 years. Compared with Toyota, Nissan is expected to improve management soundness.
CARLOS GHOSN IS IRREPLACEABLE, THE ALLIANCE IS IN TROUBLE, BIG TROUBLE.
The emperor has no clothes
He should spend a year in prison, pay huge fines and then serve the following 9 years as CEO of Tesla. With a $1m all in benefits package. No stock options etc.
...Elon??🙄😂😂
He can be sentenced for 10 years +, and I hope that happens.
Thanks
Financial misconduct.. what a shame
When my people accuse me, and with them people bear the dictatorship
3 business alliances in the automotive industry were over . "3 group must release or sale their shares ". France gov or Japan gov stand as buying guarantor its share or prepare do capital injection.
Too high is not very specific.
Was Carlos responsible for the signing off of the Nissan Leaf EV? One of the worst vehicles made with awful battery management and range.
I remember Carlos was arrogant in his approach that people won’t mind spending big money on a car with such a low range. That arrogance didn’t bode well in my mind. This story doesn’t surprise me. An overrated CEO.
To the Law Leaders of Japan: Please be lenient on this Gentleman. Please see his innocence and release him.
The driver is very loyal
A proper CEO would have been Takeshi Onikawara
THE RICH AND VERY RICH GET AWAY WITH "murder" AS USUAL >>>> revolution folks ! Revolution !! We are TIRED of eating CAKE !!!
If you consider Japenese Auto Designs are reliant on European Inovations ,but with Electric cars it is a unkwon Future
European Innovations? 😂 Are you on crack?
its just Never Enough is it?... the guy was already a Millionaire!?! LOL!... Unreal Stupidity...
It is amazing that he earned so many millions a year from each of four organisations, yet would risk spending half his remaining life in jail for a few million more. Why? When is 'enough' actually 'enough'?
@@hedydd2 nope. actually not enough.. he need to touch the stars in the sky.
The japanese or somebody want Ghosn out or else could have settled issues internally...
why should they?
Sufix to acuse to be guilty ?
Ghosen was paid less than a football player.
NISSAN & MITSUBISHI ARE GOING TO REGRET WHAT THEY DID TO CARLOS GHOSN FOR A LONG TIME.
Nissan have loss reputation since Carlos took place Nissan cars are not reliable any more
By money of a company, in all over the world, a house, buying
A wedding in the Palace of Versailles was done by money of a company.
The income ran away from a tax
How is a boy kicking a bag of air around a field worth more than a man who saved Nissan from bankruptcy? Nice to see the Japanese jumping in and sticking a knife in his back. If you upset someone at high level there is nothing that can protect you. On the other hand if you earn so much why do you need to commit fraud? something doesn't add up and I believe there is something not quite right.
Do not be too eager to do a jig and reel at the sight of Ghosn’s woes. Consider the relative immunity of Japanese executives who can get away scot-free with peddling lethal airbags, dodgy steel parts strewn throughout every conceivable bit of infrastructure or commodity, or erecting nuclear plants smack-bang adjacent to sites long known to be exposed to potential tectonic doomsday.
CARLOS GHOSN SHOULD'VE JUST GOT A SLAPPED ON THE WRIST, AND GO BACK TO BUSINESS AS USUAL.
can he ask extradition to a brazilian prison? lol
Yes the Japanese jail sounds way too nice for someone like him
The hidden income→120000000 dollars.
SAVE BY GRACE ALONE, NO WORKS REQUIRED IS BS!
Nissan could've solved this issue internaly,without all this noise.i think the biggest loser in this is Nissan.we already started watching this.
I am not chocked 12M euro! Hahaha I leasad a Renault and because I went on sickleave after 10 years as a Renault employee due to my whistle blowing 2 years ago about sexual, moral and psychological harrassment. The CEO Sylvain D. Asked me to stop the mailing between us. I am still wondering where the customary flower bouquet that only board members receive when they are sick.
Ghosn rescued Nissan that is truth. However, after then, what he has done was inexcusable enough to get fired. He failed our trust so badly indeed.after all he is just obsessed with limitless money itself . moreover Tokyo prosecutors office keeps him for interrogation, that has been criticisedby the other countries. It happened in Japan , each country has its own way, no oneshould interfere with Japanese ways of investigations. we must wait and see the resultwithout any interference.
"Gouyoku" means "Greed" in Japanese. I proposed a new word "Ghosnyoku" as "Mega Greed".
Japan is having too much political issues right now. And this too all started from politics. Ghosn was once called a hero in Japan because he revived their well known car brand and prevented it from going bankrupt. Now Japan is betraying him because the car brand is doing much better than they expected after the brink of bankruptcy and Japan now wants to take control of the company. You think Japan is a free country but if you ask the civilians in Japan, they say civilians are much powerless compared to the one who live in democratic countries.
I live in Japan and in the west. Have you asked me? 😂 People in Japan enjoy a lot more power than those in America. Power to demand adequate healthcare, power to be be away from gun violence, power to use much superior infrastructure and so on. Japan is a fully functioning democracy, unlike the US that elects its president through the ultimately undemocratic electoral college. We just slashed the seats of the ruling party, and now they’re working hard to deliver the tax cuts that the people demanded. Care to share more?
Diem obviously knows his industry, but he can't come close to pronouncing a French name to save his life. Un peu embarrassing.
To the Law Leaders of Japan: Also, please keep those hiri kiri swords away from him. (you never know).
I have exceeded the retirement service and want to retire
Ghosn can share his profit with Nissan n Renault
then, YOU ask any regular worker (NOT management, the real WORKERS) at any of the Renault/Nissan sites, if they are HAPPY at/in their "conditions" of work !? YEP, you got it already …. It's time for the WORLD WORK FORCES to think, and THINK HARD !!!!!!!!!!!!!!!!!!!
Mark my words
Japan car industry will loss it's place in next 10 years because of there out of touch with realty.
Maybe you should give character evaluations on people of such status, inc leaders of countries!!
Nissan is a disgrace, built up into a great company making great cars now failing due to incompetence. What is wrong with the current generation of Japanese management, it's not only Nissan.
Nissan should, and forever be Japanese!
Bring back the R34
Yes Japanese leadership brought Nissan to bankruptcy before Ghosn bought it out. Creditors would have broken Nissan up and no more Nissan.
@@johnfilmore7638 The point is that Nissan at that time don't want design and spend money on european designers, just engineering. If they followed Toyota that should be ok.
They (the Japanese) skillfully took him out.
PROBABLY GET PAY 10 MILLIONS +....
I can’t believe this video in retrospect it is ridiculous none of the people have any information for a fact and basically accusing him Mr. Ghon of just having too much power that’s a charge I mean this video and these panels are a ridiculous
All people have friends other than me 😔
Wait wait wait is Renault Nissan first (meaning biggest) car maker???? Isn't either Volkswagen or Toyota?
Renault, Nissan, and Mitsubishi are three separate companies. On the other hand, they work VERY closely together, share executives, own part of each other (and of the Renault-Nissan-Mitsubishi Alliance company).
If we pretend it is a single company (which it *almost* is), then it is one of the top three car companies in the world. VW, Toyota, and RNM are so close that it's hard to say on any given day which one is larger than the others.
And why is RNM so big? Carlos Ghosn. Why does Nissan even still exist as a company? Carlos Ghosn.
that is what happens when you try to practice western style capitalism in Japan lol
Greed
Turkey "abducted" Ghosn. The car industry in the Ottoman region is perking up.
It's easy to make more wood of a fallen tree...blablabla
Can you make something impresive like Mr Ghosn?
Jealousy
look on the bright side of life
"great professional with all the answers" was the same thing they said about Fred Goodwin. they say it for Donald Trump (well they do in america) as we watch this. yeah, no clue whatsoever...