Ghosn Scandal Nissan and Renault chair and CEO (respectively) Carlos Ghosn is in huge trouble for allegedly misreporting his own compensation. Nissan is in the process of sacking him, and has given information to the Japanese public prosecutor. Ghosn has been arrested, and the car companies' shares are tanking. Bloomberg
Ghosn Plans Carlos Ghosn was reportedly planning to merge Nissan and Renault before his house of cards came tumbling down. Nissan's board was against the deal, but some apparently expected the merger announcement to come within months. In related news, Renault announced Ghosn's interim replacement as CEO and chairman yesterday: chief operating officer Thierry Bollore. Financial Times
Renault-Nissan Parley Renault asked Nissan to set a shareholder meeting to discuss the risks set off by former Nissan president Carlos Ghosn's indictments. Financial Times.
Home for Christmas Former Nissan chairman Carlos Ghosn and his advisor Greg Kelly may be out of their Tokyo jail cells on bail by Christmas. A court Thursday refused to extend their initial detention in their salary-reporting case. Financial Times.
As so often with Western media reporting about Japan, have they reached their conclusions prematurely. https://japantoday.com/category/crime/Ghosn-re-arrested-for-aggravated-breach-of-trust This is pretty common in Japan, that they keep on submitting new allegations to keep the suspect in prison.
Ghosn Re-arrested Former Nissan chief Carlos Ghosn was re-arrested Friday on charges of breach of trust, after a judge on Thursday refused to extend his jailing over income mis-reporting charges. New York Times.
The Rise and Fall of Carlos Ghosn https://www.nytimes.com/2018/12/30/business/carlos-ghosn-nissan.html