The automobile industry's biggest scandal; the rise and fall of Renault-Nissan's Carlos Ghosn
HTML-код
- Опубликовано: 26 сен 2024
- Once almost royalty and among the most admired automobile executives in the world, CarlosGhosn (pronounced Ghon), found himself in a jail cell in Japan. Did he really cheat his employers of $115 million as claimed or was it a conspiracy by the Japanese, who were jealous of this Lebanese-French outsider coming in and ruling their world? Watch this comprehensive video on the rise and fall of one of the automobile industry's biggest names, a modern day Lee Iacocca, who saved thousands of jobs in a country that is now out to vicitmise him. Stay till the end and enjoy the limerick. #CarlosGhosn #ghosntrial #nissanmotors
Sources:
------------
Reuters
Carlos Ghosn granted bail by Tokyo court after 100 days; Ma Jie & Lisa Du; Mar 6, 2019
#Renault names new leaders as Ghosn resigns; Jan 25, 2019
Ghosn offers to wear e-ankle tag for bail; Jan 22, 2019
Ghosn received $9mn improperly from Nissan-Mitsubishi JV: companies; Jan 19, 2019
New allegations against Ghosn concern payments to Saudi businessman,December 27, 2018
#Toshiba CEO quits over accounting scandal; Ritsuko Ando; July 21, 2015
#NewYorkTimes
Amy Chozick and Motoko Rich The Rise and Fall of Carlos Ghosn,, November 20, 2018
#Bloomberg
Ghosn to reimburse Versailles Palace for 2016 wedding costs; Feb 2, 2019
Carlos Ghosn says he’s a victim of ‘plot’ by Nissan executives; Jan 31, 2019
Emmanuel Macron Can’t Afford to Stick By Carlos Ghosn; Lionel Laurent
January 17, 2019
Prosecutors indict Ghosn on fresh financial misconduct charges; Jan 12, 2019
In Ghosn’s jet-set world, a $129mn fortune is peanuts; Kae Inoue, Anders Merlin, Jie Ma, Jan 10, 2019
After Nissan, Ghosn on way out in France with Renault said to plan ouster; Jan 1, 2019
Ghosn’s Homes Spanned Globe. Nissan Is Seizing Keys, December 11, 2018
Carlos Ghosn’s missing $70mn: Governance @ Nissan; Jason Clenfield & Yuki Hagiwara; Dec 6, 2018
#Nissan CEO Turns on Mentor Ghosn in ‘Despair’ Over Misconduct, November 20, 2018
Financial Times
Japanese airbag maker Takata files for bankruptcy; Kana Inagaki, June 26, 2017
Wall Street Journal
Toshiba CEO Resigns After Accounting Scandal; Takashi Mochizuki, July 21, 2015
Yahoo Finance
Wikipedia
Agencies
Ghosn walks out of jail in cap, face mask; AFP; Mar 7, 2019
Ghosn claims innocence in 1st appearance since arrest; Jan 9, 2019
Ghosn will surprise with his version (Times of India); Jan 7, 2019
Bisbo's other related stories:
--------------------------------------
Meng's arrest: Why America is scared of Huawei and the Chinese edge in 5G: • Meng's arrest: Why Ame...
Will Volkswagen survive the diesel scandal: • Will Volkswagen surviv...
ICICI Videocon loan scam Kickbacks and conflict of interests: • Anatomy of a scam: ICI...
Johnson & Johnson keep selling their hip implants in India after they were recalled in the US: • Johnson & Johnson keep...
How PNB Nirav Modi scam happened: • How Nirav Modi planed ...
Vijay Mallya’s Extradition: Will he be sent back to India? • Vijay Mallya’s Extradi...
Bisbo's Limerick:
---------------------
Don't forget to watch Bisbo's Limerick at the end of each video, that neatly sums up the topic.
Carlos Ghosn saved Nissan from the brink
So when the cup runneth over, he let himself drink
Why couldn’t he just ask
Before filling his flask
Why did he have to do this; what did he think?
Follow Bisbo on Twitter:
--------------------------------
@GoBisbo
Disclaimer:
Disclaimer
The videos uploaded on this channel are a dramatised / caricatured version of real events based on sources (news or otherwise) and / or other information and data freely available in the public domain. Artistic liberties may have been taken with respect to dialogue bubbles; however, the content includes edited versions of actual words spoken, re-worded for space and time constraints but good faith conveying the intended meaning or assumed words spoken. We compile and use information freely available in the public domain and from credible news media organisations to the best of our knowledge. The links of all such sources from which information has been gathered to create the videos is provided in the description section to ensure transparency.
The views and opinions expressed in such videos do not necessarily represent those of Bisbo. Therefore, Bisbo cannot be held liable and / or responsible in any manner for the accuracy or reliability of the data and / or information gathered from external sources, databases, etc.
The videos uploaded on this channel are only for informative purposes; are an expression of data on a fair bona fide interpretation; and are not in any manner aimed at derogating and / or offending any person, entity or thing.
The viewer confirms that he / she is accessing the channel and watching this video after fully understanding and appreciating the provisions of this Disclaimer.
I live inJapan as a foreigner and I tell you the double standard is amazing here.
Good research.
Sarcasm
Hahahah.
I love boom
The man is brilliant. His achievements far outweigh his not - proven scams. Shame on the Japanese for not giving him a fair trial. Shame on the French Government for keeping silence all along. He already ranks among the top CEOs in the automobile industry's history. I hope he will be released.
Wow, spot on research. No one knew Ghosn had an indian accent as a child.
Subbed.
🤦
He did an impossible job of saving an iconic Japanese company like Nissan.. Isn't that more important than a measly $115m he presumably stole, even tho I disagree he stole anything at all
Hmm and the video stated that other japanese embezzlers were let go along with the faulty design let off with a simple apology. What to judge here I am stuck....
Japan is one of the most Racist country . They are afraid of foreigners.
@@Ranjith_747 India is worse. Forget about foreigners we are racist towards our own citizens.
@@akshanshchoudhary7397 maybe its only you.
@@akshanshchoudhary7397 so well said,so true.i can relate and feel what you trying to say
If this man was in India , then he would be a Demi God.
Incredible perseverance, despite the money he siphoned, its seems like pocket change to what we hear about in India.
Like vijay maliya or nirav modi!
@Another MGTOW Monk people like you are a shame mate. Its this way beacuse of people like you only.
@Another MGTOW Monk which country are you from mate
@Another MGTOW Monk let me guess portico
If you keep voting for people who Doesn't care for your country, then yes
your research is evident and your animation above par. Subbbbed!!
Thanks Oraro
This is how they repay him after he saved their sinking company, hope it falls back into ruins.
The fall has already started for Renault-Nissan. Mitsubishi my goodness is already busted.
Well nissan's cars build quality and technical prowess is been going downhill even since 2010 till now...it is only time before it dies a natural death or gets gobbled by another japanese manufacturer
I don't call it as a scandal. He helped the company and made big profits.
What Japan did to him was really unnecessary.
Thats y people die there due to overwork.
Thats why less ppl go there... U are paid less and u overwork...
Oh shut up! Worry about your own war you ass.
Carlos Ghosn rules for success:
Rule #1. Buy an automotive company known for their reliability.
#2 talk a good game using the word ‘quality’ but cheapen the products and make them less reliable to make the cars ‘profitable’
#3 wrap it in a nice looking body and add cool features
#4 attach a bogus warranty to it
#5 sell to unsuspecting buyers
#6 once the public catches on to the scheme, add another brand to the mix and repeat steps 1 through 5.
#7 pretend to solve defects by words and little action.
#8 always use the phrase “new and improved”.
#9 when the crap hits the fan reiterate the need to make “profitable cars”
#10 merge all the companies together into one conglomerate of a intertwined brand making junk on a grander scale.
RENAULT = NISSAN = JUNK!
and now, RENAULT=MITSUBISHI=JUNK!!
Thankfully, his butt is in jail where he belongs!
Looks like you had one helluva bad experience with a Nissan car.
@@BisboWorld Renault ruined Nissan reliablilty its car was as good as Toyota, honda which are always better than german and US cars but now ghosn is gone Nissan cars will surely get good in future quickly.
Bisbo
That’s all u think u see? U fail to see the junk company Carlos turned Nissan into? Perhaps your glasses are selective and incorrect because I have never owned a Nissan.
thanks for this really... put 60 minutes of research for me in 15 minutes and well explained. cheers
Welcome Nader
Your presentation is amazing, which makes every content interesting to watch again...
Wow, so good to hear. Thanks Sai Kiran
Yes the final siphoning of extra 30 % was a crime but so is the government saying what the salary of a CEO could be ..
It wasn't the govt as a governing body but the govt as a minority shareholder
Now I feel that every corporates is corrupted in a way or another.
Who's here after his great escape
He turned around so many companies and gave stable job. How many people can say that. He has the right to earn that kind of money. And my assumption is he would have used the money to fund his own venture.
Amazing Animation supported by an equally precise narrative . Congratulations
True.
Japanese, they never make compromise on their values, culture, tradition and discipline. That's why they will go long way. That's why they recover quickly after every devastation
Bullshit. Have u heard of chikan groping?? Japan is the most depressed country in this world
Keirestu Killer 😂 the way bisbo told it was beautiful 😂
I think he was operating according to world industry standards.
Complete his story now...running away from Japan to Beirut in such a classic James bond style.
The saying "Impossible - I'm possible" is only made for him
That accent though 😂😂
Lmao ikr
There’s nothing wrong with the accent. It’s just we are brainwashed about what is the “right” accent.
🤣🤣🤣🤣
It's very irritating. Speak normally. What's the problem in that?
Oo u have British accent
The whole thing was a Setup. It was obvious from day one. Company leaders in any industry when faced with some sort of problem within the company no matter how big always keep it quiet as the real bosses are the share holders and what share holders hate the most is bad publicity as that will affect the share price. For it to come out like this not as an outside investigation but as Nissan blowing the whistle on themselves was the biggest red flag ever. No company would wish for this kind of story to hit the air, they would even go as far as to sue the whistle blower and gag them. Look at VW and Dieselgate, can you imagine the late Ferdinand Piech calling a press conference and tell the whole world 'Oh we have been lying about the NOX emissions and its all on WinterKorn'??. The whole thing was a shambles to begin with. I am all for seeing a Fat cat die by the sword if they have done wrong but Carlos Ghosn is not one of those men.
Yes, it does seem paradoxical that they would blow the lid themselves.
Moral of the story ... Don't become so greedy ..... And after success come back to your country....... Because in outside world Al l are Fairweather friends.....
The Japanese did him dirty. They didn't want a foreigner upsetting the current order. Do you think for one second the rich Japanese CEO's aren't doing the same thing Ghosn was but on the DL ?
@kl wies watch the video carefully, it shows Japan's double standards on foreigners. Thought Japan is a friendly country for foreigners, have changed my thoughts.
@kl wies then why takata & toshiba's officials were only left with fine ? While miilons of airbags were affected in cars affected atleast 16 got killed. Don't u think, I have not done my work by my side
@kl wies cause ur mind is injected with filthy nationalism, idk wjat kind of shittt culture is that. But u r keeping people's life behind a monetary issue. Is your point even valuable ? Those officials should've have been sent life improvement for killing people if ghosn is jailed for using public money.
@kl wies
In simple terms, you want to dictate how much CEO should earn from their own company. But by doing so, this make you nore or less dictatorship, isn't it? He bring the company back to life, how he want to manage is his own freedom to do so. Do not give the bullshit on he does not respect their cilture therefore he is not suitable for that salary. Without him, Nissan fall, million of jobs lost, but people loke you want to backstab for the people that help you.
Japanese CEO is not saint either, they too spend much on hostess club etc. Invest in offshore etc. One of the easiest to know about Japan politics, you can read on Akumetsu manga. Specifically telling the problems in Japan.
Wow...bisbo makes even the difficult story into a interesting and understandable one...
You are very well informed and such an amusing narrator 😊 keep up the good work
Dude make a vdo on operation blue star and khalistan movement....
Also one vdo on emergency declared by Indira Gandhi please
Wow bisbo.. salute to your efforts. You really saved us a lot time.
Thanks Vishwesh.
Japan should consider
His contribution to Japan
And industry
He suffered much
He is mistreated by renault and nissan. And i think many are jealous by his success.
Excellent research, and great content.. I was hooked..
Exceptional Video Quality, Underwhelming Audio quality.
That Dutch company, called NMBV, is Nissan-Mitsubishi BV (BV is the same as Limited in the UK, So Nissan-Mitsubishi Ltd.)
The world are full of stories of men who fall from grace. The japanese system of handling financial crime and in case of Ghosn is least of all fair. However, Ghosn have committed similar white collar crime in the USA prior to this, breaking the SEC regulation to amass his fortune, he was fined millions and banned to do business in America for at least 10 years. So there is a pattern of his financial dealings to break the law.
Japan being fair or not is a legitimate question. That doesn’t mean that any man can commit a crime systemically and be excused just because he has done successful business earlier...
Okay, this CEO is probably the saint in the sea of greedy American CEOs. He literally made not one but close to 4 companies from bad to great. I'm not sure why he can't at least pick his salary? 900crs is nothing for a man who made billions for all the share holders.
Brazil and Lebanon organizations were funded many times thru Nissan money, they love Ghosn of course!
What u mean by Nissan money ? It's Renault-Nissan only.
@@Torque_India They r together but thats not how these corporations work. Nissan really wish to leave Renault even now, but Renault wont let go. Nissan was bought up by Renault backed-up by French Rothschild Fam. nortonsafe.search.ask.com/web?q=rothschild+renault+nissan&o=APN11908&prt=cr&chn=prev
Auto industry is also a territory of Cabal globalists. True stories regarding Nissan n Renault hardly seem to introduced in overseas medias as Cabals controls world's medias. Japan is lame nation its a slave nation of USA ( US is controlled by Freemason, but it means Japan is also under the same force. )
Japan's National Bank does not belong to own nation. After the 2nd War, Rothschild became the half of shareholder.
But before the war, it belonged to John Rockefellor Jr. as he had a tie with F. Roosevelt thru William Lyon Mackenzie King( canadian).
Look at Japanese money(1000 yen bill) also has an eye of providence design - you will only realize this by taking it under a light and see thru. And some of the noble ppl in the bills were said to be FM members.
And ClA have kept installing non-Japanese Prime Minister in my country after the war.
A few exception, but most PM have been Korean descends. Kishi(Abe's grandfather), Fukuda, Noda, Hatoyama, Ozawa, Koizumi, Abe, ....all Koreans, but they hides the facts. Someone in the US Govt officials surely knows this. Its US's profit to install
Korean PM in Japan cos they are much ease to sell out Japan. But you should remember US also doesnt belong to Americans, but Cabals.
@@Torque_India ppl outside does not know this but the half of the fund given to Fukushima Tsunami Aid from other nations and corporations via Japanese Govt was tossed to US Govt. NGOs in my country only protested on the streets, but our medias were silent. Japanese medias are warned to come to US embassy if they write anything to hinder US.
its a piece of cake for Cabals to destroy local Asian medias.
@@Torque_India i will delete all of these soon as youtube belong to google Rothschild. i will not allowed to login if i talk too much truth.
I think nissan's reliability went down hill when they merged with renault. Not the same no more.
An excellent channel I come across. Never compromise your quality. ❤
The main reason for his arrest Is his desire to merge renault and nissan
Thank you for the detailed video... Appreciate your efforts
It's great to see this guy gone.He Ruined Nissan's Reputation for Reliability by putting Renault parts on Japanese cars.Big Mistake.Rot in Jail and take Renault with you.
Pls do something like this to malya and modi..
Sreejith SL ya man
THIS WAS AN AMAZING STORY
Thanks Shantanu
Nice to know nissan and mitsubishi already failed here in india....
A Master in his game , who could change rubbish into precious
People who cannot match them are after their life ,
Need to learn from this master
I don't know why i have not seen your channel before? You make outstanding and quality videos.
Great content. But the narration and audio needs to be worked upon. I am halfway the video and bored because the quality isn't great.
Thanku for video on this topic 👌❤️
Discrimination exists everywhere.
Hardest choice requires strongest will- Thanos
But see the condition of Nissan now, I am big fan of Nissan I like them as a car enthusiast but now they are slowly-slowly fading off. No new good cars are coming out from Nissan's fleet only re-bagged Renault's and Nissan's own 16+ year old GTR. Well recently they announced for the new 400Z hope it will help to revive Nissan.
He was the man who restored Nissan, but Nissan threw out their own savoir.
Wonderful presentation howbdo u make the animation
Maybe Japan official treated him badly because they hated him for cutting expenses and destroying man people's job....
But still....it is not the way to treat a senior citizen....
Creation is like that if one is brilliant he won’t be trust worthy,and if a fool he could be trusted but can’t expect better results
This is an excellent video with balanced information. I fully support Ghosn but some evidence presented here is difficult to ignore.
That was a beautiful landing
This is the most accurate portrayal of why Carlos goshn is getting screwed
Good video.
But I have to tell a funny thing,
While watching this video
I got an ad from Nissan lol 😂😂
Mine too
BISBO.... you cleared my doubts.... a video is better than a thousand articles!
Really very informative it shows your hard forcollection of information to make videos
Why is China villinised for controlling corporates? When Japan does d same? How many countries France is still controlling through businesses???I recently saw a talk on France exploiting African resources.
Bisbo will you do another one now that he is released ...
Japanese English accent is hilarious because they don't speak Engrish like that! 😂
BTW amazing animation, a lot of effort put in. Some details of the story in my opinion is not accuarate as it paints Ghosn as a money hungry scammer in some scenes which I would strongly dissagree with. Please upgrade the Audio quality. More Damping required.
Thanks Lee. Yes, we’ve upgraded audio quality since then. Also working on his escape story.
Why that video was removed
technical error on sound
@@BisboWorld pls slove that and reupload asap!💐💐
Say it, Don't shout it.
Hello Bisbo...Can u make a video on Diseases of tomato, how, why and how to manage those diseases
the content of the video is astonishing with all the red flags and facts. Wish to see many more
He saves "Nissan" ..this is main thing
Smooth music Namaste
Excellent video but poor audio quality
Very well drafted bisbo
Thanks for all the info in such simple style :)
Welcome Abhishek
The stories are interesting please use a better voice for narration.
Although initially he brought Nissan out of bankruptcy (by firing many Japanese workers), he made some very bad decisions in 2017 which devalued Nissan quality reputation worldwide (not to mention being linked to Renault which has a very poor reliability record) and profit started to majorly fall (which is why they are in financial difficulty now). Given this situation, and the abuse of power and financial crime he committed, the Japanese government was right with the actions they took. Corrupt unethical CEOs should be treated as petty criminals. I agree that the double standard should be changed (more tough on local Japanese CEOs) but the treatment of Ghones was appropriate. How can you defend this criminal skilled at firing people for personal gain and power? If you want to see corrupt justice, go to China, they execute CEOs that don't follow Communist government party lines. For once justice was being done, but cowardly and guilty as he is, he escaped, instead of courageously facing the charges.
See:
drivetribe.com/p/nissans-recent-troubles-dzhrxTjoT32i_j7en28Jxg?iid=bQ4DzYjnSman_xmmdcg9xg
He escaped, cause he believed he won't get a fair trial, its the same with nirav and vijay
50000€ is normal in india for a wedding
Nicely explained.. Great..
Thanks Damodar
There is a thin line between profit and greed. Also when on top the line is constantly moving.
$16m is a decent salary for him
He revive the defunk company though.
Please make a video of the biggest financial scam in bangalore till now that is IMA scam .
I was shocked by the way he was treated by the Japanese. Americans wouldn't have acted this way. Total shock. This shows the maturity of the world. It is still undigestible to me. He was not that enron guy who committed suicide for accounts scandal. Much more to write.
After merger with Mitsubishi , Japan was worried on secret military info leaks to other countries, this may be another conspiracy theory but I could see a point why Japanese authorities are targeting him.
However I should appreciate the effort in making this video so clear and informative
raghavendra kulkarni
Can you prove the thing you are saying??
Is it your real name!?
You are simply the best. Better than all the rest.
Wow. Thanks Mark
Impressive. Subbed!
that accent gimmick was actually annoying you could have kept it normal 🤦♂️
Hmm and they let go the killers of Junko Fruta...🙄
This is a good story 👍🏻
His life story is fit for a Hollywood movie
great vid 👍
Ghosn is a legend in automobile industry. If you ask literally anyone who turned the tables for Renault-Nissan or even French-Japanese automobile scene in general , they would always say Ghosn. It's sad the man was jailed because the fact is he earned all that money , he made his companies Billions of dollars in revenue and profit.
You have to improve sound quality. But other things are good..
Excellent
I find this episode more interesting as work for Nissan for a year.good information.
Why this went down before??
Sound error
The accents you are doing is highly disrespectful!!
Worthless company Renault Nissan mitubushu
Could u make a video on 2g scam
No there should be a video on Rafale scam!
A saviour of almost bankcrupt nissan which cant compete against their rival like toyota and others and yet he was treated like that.... what a shamed for this nissan company.
The only car I like out of those 3 are Mitsubishi
Japan should be ashamed of themselves
They did this plot because they were just jealous at him
He should have not stayed in Japan