It is clear the amount of hatred that this former director of Renault speaks about Ghosn, this reflects his failure to run the company, so the Renault Board of Trustees decided to choose Ghosn as his replacement, which created a complex for him, how can one person be a successful manager for several companies at the same time, and that It was not successful, why did the company's Board of Trustees renew the contract in 2018 for four new years. This report is biased to undermine Ghosn's credibility. The homes discussed in the report are the Nissan Board of Directors approved his purchase of Ghosn as part of the contract. He was a successful manager and the proof is that Renault and Nissan lost billions of dollars after his departure.
Exactly - this documentary screams bias, the board signed off on all these expenses. They’re talking as if he’s looted the companies, Incredibly bad journalism from FT. terrible piece
There has been a delta of 25 billion dollar change since when ghosn was last CEO. Profit of 15 billion in 2018 to 2020 a loss of 10 billion. Ignorant claims being made about this man and how he operated
Japan has a 99% conviction rate for the regular man on the street. Nissan has had other employees tailed and threatened before thanks to their ties to the government. They would have done him over 100%
@@ManiSRao-bt3xw japanese PM speak against the police but thats not how police work in japan. they work independent of any politicians. thats not how it work in many countries like china, NK or even france.
The high conviction rate in Japan is not because of forced convictions, but because prosecutors prosecute cases after thoroughly examining whether a crime can be proven.
@@einoware436 Or because Japanese prosecutors force written confessions from arrested hostages. It is difficult to lose a case against the accused when you have their written confession. That is how the Japanese police work.
Try to make it about the personality of Carlos Ghosn instead of the power struggle between Renault (or the French state) and the family magnates of Japan. There is far too little said about the human rights issues of the Japanese justice system. I hate this style of journalism, aimed at short-cycle consumers.
@@newchannel1220 lol sure thing bud, I guess if a country has a 99% conviction rate and a thuggish legal system that shakes down its citizens before they can have a chance to have an attorney to defend themselves & receive a fair trial is a good way of measuring someone's guilty or innocent.
The fact that the video allocates all of 20 seconds (from around 13:00 to 13:20 ) to the crushing violation of Ghosn's civil rights inflicted by the Japanese police and prosecutors is easily understood when we remember that the Financial Times is owned by the Nikkei, the biggest business newspaper in Japan. The guy may be guilty; he may even be the evil overlord that this video wants to make him look like. But Japan should respect the civil rights of detainees and the presumption of innocence, which it does not. 108 days of detention incommunicado, no lawyer, no visits, under constant interrogation. What's the difference between Japan and North Korea or China?
The Japanese are in the moment people. If they at a Conservative party conference, they conservatives for that time, the same person, a few moments later at a Democratic Party conference will be a democrat. They are unprincipled and strange to Western standards of democracy and fairness. Don't expect much from a Jpn friend, with few exceptions. There is also an unspoken cultural collective loyalty amongst Jpn. If you as a foreigner have a tiff with a Jpn person, don't expect the Jpn police to be objective.
@@rohp1283 that true in the Arab world also; including Dubai and all!!! One’s understanding of Japanese people is not the same of the Japanese corporate culture, I assume. Corporate culture is ruthless everywhere. But in my understanding of Japanese people was a bit more refined as a people. Maybe quality of all execs globally gone down from the 90’s including Japan. But I remember world used to pressure Japan to open their markets back in the 80’s and 90’s. Legal system is objective in mostly English speaking world and France, that’s it.
@@frederickfarias9515 He had zero chance of a fair trail. 1. The system does not allow it. The word of the police is gospel. 2. Japanese culture means don't challenge authority and companies are authority in Japan. If Nissan wants you jailed you will be 3. Deflection by dubious and disengenuos means to hides exposure of wrong doing is common place in Japan from small businesses to corporate multi nationals. 4. The cultural practice of sameness means nothing will change. I can go on
@@criticalevent We don't know if he did, and if he stood trial and was found guilty in Japan, we still would not have known, because they don't have a fair legal system.
@@criticalevent Yes, the Japanese board members as indicated in the Parsi report . The didn't answer the report but demoted him, packed him off to the UK, harassed him and his family and raided their home prior to his deportation. Strange how the Japanese always find criminal charges against foreign CEO when money goes missing. In the case of Olympus the money went missing before the UK CEO was appointed, and when exposed by him, they got rid of him. Land of the sun- my arse. Land of conniving and decietful hypocrites.
I read the comments and it's clear: this is doc is biased. You clearly see envious executives at play. Hear how Mr Pélata says how Ghosn "betrayed" Nissan & Renault. Really? The guy brought out Nissan from the dust and its betrayal. 2 mins off the phone is something to be ashamed of? When has getting bigger, greater and better being a problem? A man falls and those who were once his friends/colleagues run out to reveal how shameful he was, how it was a matter of ego in his vision of pulling 3 mega multinationals together. What I see is jealousy against his remarkable genius. This is what is shameful!
Mr Pelata was brought into the Alliance by Ghosn in 2008 and later resigned in 2011 because he didn't manage to spot a case of industrial Spionage in Renault. In the case, some former top directives were falsely accused of Industrial Spionage and were sacked. Pelata resigned as Chief Operational afterwards. So yeah, giving voice to Pelata wasn't the smartest move.
Mr Ghosn was followed by Nissan employees when under house arrest even though that is illegal in Japan. When his lawyers brought it to the judges attention they just ignored it. When Ghosn would call the media from house arrest the Nissan employees would magically disappear (because the phones were tapped - which is illegal in Japan). The proves that the people tapping the phones (Japanese justice authority) and Nissan were working together against Mr Ghosn in a way that was ILLEGAL. They were not playing by their own rules that they were expecting Mr Ghosn to follow. Why should he play by the rules when they aren’t? He shouldn’t.
It's not illegal to surveil someone or tap their phones if it's the police and they've got authority to do it. Who says it was Nissan employees? Why would Nissan employees be doing covert surveillance and how would they even know how to do it? Presumably it was the police.
"People will start losing interest." No one has lost interest in Mr. Ghosn. People have lost interest in Nissan. This video didn't even touch on Saikawa resigning, the veracity of the financial misconduct allegations, or really any evidence that he wasn't managing the companies well. This just seems to be more anecdotes and character assassination.
They could have just signaled him to leave !! Why all this humiliation!!!Maybe a pay back; coz this would require a a great deal of power play thru multiple agencies..!! Just guessing.
@@bandanabandana6134 Japanese elites were desperate, so they didn't think straight. In China and Vietnam, the Communist Parties control the pockets of the economy (from shadow streets to main streets). They can choke foreign companies out of their profits through regulations, crime syndicate raids, penalties, and other harsh means. They can simply allow foreign companies to own the assets and domestic companies but the Communist Parties are still in power in any situation. Japan does not have complete control over its own economy and nation, so they have limited options for handling Renault within this alliance. The only way was to pull a coup against Ghosn that will allow a Japanese CEO temporarily rule for a while. The long-term effect of the Ghosn saga is the decline of any foreign executive who desires to work in Japan. If Ghosn got his way with Macron, Renault will permanently own both Nissan and Mitsubishi Motors. There won't be a thing that Japan can do to reverse it. Now, Renault still controls the alliance through their vetoing power. With unlimited backup from the French government, there is no way that Renault will give up their position in the alliance unless Nissan and Mitsubishi Motors sell their business segments or technologies/patents for Renault as parting gifts.
You need to put his extravagance into context. How do you think CEOs live? Of course they have their own private jets... It is not the player it is the game.
@@ecoideazventures6417 because they put him(Carlos Gosn) as the villain, while he's definitely not a man of moral, his japanese colleague is much worse while they are pretending to be the innocent ones, pretty scummy if you ask me
@@lux27.42 lol im shitting on the japanese people and you are the one with chinese cartoon profile picture and somehow i'm the weeb ? go back to your parent's basement, u failed abortion
At 11:00 when they speak about the Versailles, they never mention that the the treasury of the (or just another sector within the administration) had reached out to Carlos G. & asked him if he would be willing to rent out The Palace of Versailles so they could raise money. Tbh it was a baller move
I smell Bias, great vid still. good thing is people are getting to know cash/fiat is pretty much stone age at this point, lets hope he owns some stocks lmao
haha everyone should own some to be honest, I’m a child psychologist who hasn’t worked since December of last year, which made me start looking for passive income, I finally reached out to an advisor for help, following her recommendations, I dumped 30k all in NIO and NVDA shares and call options, Up 200k so far!!! this has literally been a life saver.
@@jenbynature780 I worked with Ashley Elizabeth Alson, She's been in the news when she revived Preemark company in 2019, met her at an annual fundraiser in Boston. You can look her up on the web for info on her work
@@aviefern OK my bad but he is still the Owner though. Which means his loyalty is always to his Own Companies. Unlike if you're hired as CEO managing two companies. Once a conflict of interests developed between the board of two parties choosing side is deathremental to your career. ✌️
@@Tagohala Elon doesn't own all of Tesla, he owns about 20.7% of the company. There are frequent conflicts of interest between him and other large shareholders like Vanguard & Susquehanna Securities. Steve Jobs was CEO of Apple and Pixar for a while. Jack Dorsey is CEO of Twitter and Square. While Warren Buffet is technically only the CEO of Berkshire Hathaway, that position puts him in charge of dozens of companies that they own completely. Another example would be Richard Branson who has complicated arrangements to represent dozens of companies while acting as a figurehead for all of them.
Carlos Ghosn has escaped the gross and cumbersome Japanese justice system in a cunning way. Ofcourse, this is not to defend the accusations against him but he made a daring run which befits a James Bond film..
@@criticalevent Nissan CEO Hiroto Saikawa on Monday announced he would stand down next week, after acknowledging that he had received dubious income, the automaker has said. This is Nissan from inside, swallow it dude
So, this is a very unprofessional product riddled with envy, jealousy and negativity. Very unprofessional. I must UNSUBSCRIBE from both this Channel and the newspaper. FT team, you have done a very EMOTIONALLY UNPROFESSIONAL job this time.
Japan would have barbecued him took all his money and jailed him. Him leaving however the means, a box ect; was the smartest thing he did at that piont
They did get all his Japan money though. The first thing that happens when Japan police decide to investigate someone is they freeze their bank accounts. If he owned any property in Japan, real estate or personal, it was seized by the government.
Patrik pelata seems so bitter and salty: directly saying that Ghosn had a "reputation of partying a lot", so what if he works hard and parties harder?? and that he didn't fit in the French establishment that it bothered him, while the other man was saying that he didn't want to be recognised as one nation man, so why would it bother him... it's obvious defaming. And he saved a company from failing and this is how you repay him? Ungrateful and jealous people around him?? Then you were saying that he inspired people and at the same time that he is dictatorial and feared, so which one is it?? Again obvious defaming...and if it's about corruption, then most of the CEOs and politicians and others around the world should be taken down and sued and put in prison, Or is it when you like it you don't and when you don't like it you do? And we all know about Japanese jurisdiction system. This report shows bias and double standards. Shame on you!!
"Carlos broke down the network of close suppliers that are tied through cross shareholdings" - Damn ryt, its like having a union in your factory, they have that bargaining power to disrupt your operations and your costs are pretty much at their mercy
10:55 we all use our companies cars to move, so we could get imprisoned in the future? 11:20 it was a joint events, his birthday and celebrating the alliance. What’s the problem with that? No one lost his mind other than jealous losers. 15:03 by the way France and Brazil has no extradition treaty with Japan too All those stuff you’re talking about Ghosn were happening for years, why now they suddenly became incriminating? Most of those allegations are childish, we all use our companies resources. We use companies cars, when we travel we sleep at accommodations owned by the company.
I find it quite irritating that a 20-30 years old brat girl who just got out of university is mocking this men wither he is or not innocent it doesn't change the fact that he did soo much in his career
This is a very wrong report! Charges are using a company flight for personal use to go hyper market, having a birthday or not so birthday party for public relations but no Nissan people was there as if they will make a difference and having a house in 2 countries... It doesn't make any sense for someone who takes 16 millions salary and merging 3 companies and looking to take on the forth to be removed for such claims.. And how he escaped shows how this system has serious holes and ironically the same system has a convection rate of 99%. In my opinion it's a political / business decision. Why not have the trial in France where he run one of the companies and was going back and forth between France and Japan!? This is a clear indication of that decision 19:05.
After this event, I will never buy Nissan.. Even Toyota is my favourite car.. but I am not sure if it will remain my favourite car.. I have bad feelings against the Japanese car after a long term love relationship..dear Japan u could had solved the issue with peace, justice! & Diplomatic methods! I am sorry Japan ! U lost a solid love !
I think too much is being said on him being a superstar. Actually ,the media decides to make some superstars or failures. In reality , in a manufacturing company ,only the team can win , there can be no superstar. Everybody right from the car designers to the factory technicians , they are the real superstars,
pff you are comparing someone who had money from father and brothers to carlos ghosn ? i dont know if carlos stole or not he is 1000 times better than elon musk
The french guy is so jealous. And this report pictures him like he was a failure. Make no mistake he brought success to both the french and japanese companies. But he was a "gaigin".
Bloomberg made a more fair judgement of this tragedy. Carlos won cause he knew better than any of us the Japanese corporate world and the justice system and he did what was supposed to do due the circumstances. What it is incredible and says a lot is how the companies have been underperforming in his absence. Something is not adding up in this report.
Couldn’t finish watching this. Not a fan of some of these smug correspondents, would have liked a non biased view. His “super stardom” was well earned if you ask me.
why all foreign CEO’s end up having a problem in the end in Japan ?……..hmmm few names sprung to mind……(shhh in the past Olympus, SoftBank, etc…) (all foreign 👨💼 CEO hitherto seem to have had an issue)……. Intriguing 🤨!
Yikes! This is such a shoddy biased video. Not the level of quality I've come to expect from FT. You've mentioned how he was illegally held and questioned for months without a lawyer in Japan, yet you don't see that as evidence he wouldn't get a fair trial? Japan's justice system is notorious for its extremely high conviction rate and confessions under duress. People are often held indefinitely without access to lawyers or even basic facilities until they are broken down and forced to issue false confessions. It is guaranteed from the way they handled his case, that he would be convicted and made an example of, even without evidence. Plus, every action of his and his expenses were managed and accounted for by the companies. If there was funny business going on with Nissan's money, the CFO, auditors, accountants, and others were all complicit and enablers. It's impossible that he could pull all this off on his own.
Which multinational CEO pays for their own flights, vacations and houses? Granted the man might have done some foul things but making it seem like the JAPANESE government is legit is laughable.
I absolutely hate nationalism. Some countries teach nationalism different than others. I hate the concept of doing good or prioritizing ones country over others. The country you were born is doesn't own you anything. Some people are so brainwashed to this that they would think leaving the country you were born in is like a betrayal. I consider myself a global citizen than of a certain country, I don't have access to all the countries but what I'm saying is that all the countries should be at a similar level.
Power corrupts as you start to have success and are getting praise from admirers, you start to believe, that you have done it all on your own. You lose the sense for reality. That is the sad side of Carlos Ghosn story. Before Carlos Ghosn took over several Japanese managements had tried a turnaround and failed. Nissan wanted Mercedes as a partner, but Mercedes refused. They were building a partnership with Mitsubishi and failed. Renault was kind of a last resort for Nissan. Having myself been an expat working for US companies also in Japan, I know that his turnaround in Nissan by achieving the goals from the beginning is unique in Japan. His credo: “We cannot do the turnaround; the Japanese have to do it and we have to enable them.” I believe that way Japan dealt with him, was politically motivated and there was a lot of jealousy behind it, because of his achievements and popularity. That is the other side of Carlos Ghosn story.
Even though this is not a (illegal) crime, just an error; why did the cars *fall* in quality (automatic transmissions) during his charge? Was there focus on Renault instead of Nissan, after just cutting costs and putting off bankruptcy? Renault was great before it was nationalized and taken from the Renault family after WII, but had it ever regained its previous stature? As example: Toyota became great from perfection and quality. Mr. Ghosn has great management strategies, and organizationally improves the cos. he’s supervising.
For some reason this video and the commentators, not say the real story and the truth full of rubbish and outrageous, they try to adjudicate convict Mr ghosn and ruined his reputation, man fight for his freedom man simply CEO for the enormous three car manufacture where this report when that man turn around the disaster of losing company, car maker to profitable, success, structure and competitive company, he faced unfair trial. great man and superior CEO.
I could not disagree more. I thought the pacing was exceptional. Many others covering this topic have been more laboured and included far less information. This was a great piece.
Carlos Ghosn is the ultimate problem solver! That's why Renault Nissan Mitsubishi lost more than 30 billion in share value since he left the company. And even the Prime Minister of Japan and President of France said that any financial irregularities as these could and should have been resolved in the boardroom.
It's funny how biased this report is all of these people focusing on the birthday party and his personal life not looking on how successful the company was during his time till 2018 and how the companies failed without him when he was back stabbed ,he's still a legend and your propaganda will not change people's minds the sales figures does and it says without him the two companies are utter failures
He is running an automobile company from where he is right now 😎... as a consultant to the CEO. He travels under .... name to many countries... life is normal again but without glimmer ... thanks to 'the pope of redemption' 😅🤣
This report is grossly biased, not once did they show where during his leadership that the companies fell in performance... that Renault executive is so salty like how can he say he was not a successful manager yet still both Nissan and Renault were growing even tho both companies have subpar vehicles with questionable electronic components and mechanical functionalities
When a figurehead’s fall is contrived, the mediocre take to the press and social media to spew their nonsense. Ghosn was unique at the Job and phenomenal in his escape.
Two notes on this report: 1: weak display of transparency and neutrality, as if this report was fully paid and sponsored by Nissan and Japan. 2: the guests in this show, looks like envious losers who are performing a cheap gossiping behind one of their acquaintance.
If this was not a conspiracy as FT imply, then why did the Emporer of Japan even say that these financial irregularities should have been addressed in the Nissan Boardroom instead of the prosecution Carlos Ghosn. The BBC Storyville documentary is much more objective and closer to showing the full truth!
Very biased piece of ‘journalism’. Many biased witnesses sharing their views who have a vested interest in putting him down. He was arrested for political reasons and to protect the Japanese-French relationship. You can do better FT.
A very biased report and a childish casting to say the least, ridiculing the fact that the only way for Mr. Ghosn was to escape the injustice of the Japanese court system and the man took this one in a thousand chance and he succeeded! So if anything, FT should shed more light on the injustice of this system let alone that there isn’t an actual crime that was committed, so it is all political and Nissan decided to put its weight and influence and even turned the justice system against him and has failed miserably!
Thanks to Japan's injustice.. without it, we would have not known the man in more details!.. the citizen of the world, the most powerful CEO in history... Wow!
It is clear the amount of hatred that this former director of Renault speaks about Ghosn, this reflects his failure to run the company, so the Renault Board of Trustees decided to choose Ghosn as his replacement, which created a complex for him, how can one person be a successful manager for several companies at the same time, and that It was not successful, why did the company's Board of Trustees renew the contract in 2018 for four new years. This report is biased to undermine Ghosn's credibility. The homes discussed in the report are the Nissan Board of Directors approved his purchase of Ghosn as part of the contract. He was a successful manager and the proof is that Renault and Nissan lost billions of dollars after his departure.
That's so true. This report is biased and riddled with resentment.
Exactly - this documentary screams bias, the board signed off on all these expenses. They’re talking as if he’s looted the companies, Incredibly bad journalism from FT. terrible piece
There has been a delta of 25 billion dollar change since when ghosn was last CEO. Profit of 15 billion in 2018 to 2020 a loss of 10 billion. Ignorant claims being made about this man and how he operated
Your wright 100 percent
“ Every action has consequences. Dont greed ”
- Sun Mony -
Japan has a 99% conviction rate for the regular man on the street. Nissan has had other employees tailed and threatened before thanks to their ties to the government. They would have done him over 100%
Goshen has much more closer relationship with prime minister of japan.
@@dwadd7528 is that why he spent 4 months in solitary confinement, before being released & then rearrested, etc.
@@ManiSRao-bt3xw japanese PM speak against the police but thats not how police work in japan. they work independent of any politicians. thats not how it work in many countries like china, NK or even france.
The high conviction rate in Japan is not because of forced convictions, but because prosecutors prosecute cases after thoroughly examining whether a crime can be proven.
@@einoware436 Or because Japanese prosecutors force written confessions from arrested hostages. It is difficult to lose a case against the accused when you have their written confession. That is how the Japanese police work.
Try to make it about the personality of Carlos Ghosn instead of the power struggle between Renault (or the French state) and the family magnates of Japan. There is far too little said about the human rights issues of the Japanese justice system.
I hate this style of journalism, aimed at short-cycle consumers.
Yeah, there's no justice in the Japanese justice system. Ghosn was absolutely right that he wouldn't get a fair trial.
FT is owned by Nikkei, a Japanese company. Hence this biased documentary
Ohhhh this explains a lot
@@BookofProverbs Indeed
funny they let the comments open ahahaha
Ah! Good to know!
Wow this is a news to me I thought they were British
Shouldn't the fact that Ghosn was held in custody without a lawyer be a concern? Every expat manager now would think twice about working in Japan.
Yup, japanese judicial system is messed up
@@astafzciba perhaps it's messed up only for gaijins
No, that's how Japan works.
don’t expect that in japan
99% conviction rate should raise some red flags
So the Japanese paid FT to run a biased report on Ghosn.
No need. They own the FT.
@@andrewjones-productions The FT is owned by Pearson Group.
@@avitarmageddon1721 no it is owned by Nikkei according to wiki
@@avitarmageddon1721 Andrew is right. FT is owned by Nikkei which is a Japanese conglomerate.
The guy wasn't a saint, but this documentary seems to lack alot of nuance. Very sad to see this shoddy work from FT
agreed, terrible documentary. there is no balance in their opinions, the blonde lady came across very ignorant at times. terrible piece
Just badly edited, I reckon.
not being saint is not a crime. he did crime that is why he is a criminal. its just that simple
@@newchannel1220 lol sure thing bud, I guess if a country has a 99% conviction rate and a thuggish legal system that shakes down its citizens before they can have a chance to have an attorney to defend themselves & receive a fair trial is a good way of measuring someone's guilty or innocent.
just google: who Owns Financial Times
and you will seek the answer :)
The fact that the video allocates all of 20 seconds (from around 13:00 to 13:20 ) to the crushing violation of Ghosn's civil rights inflicted by the Japanese police and prosecutors is easily understood when we remember that the Financial Times is owned by the Nikkei, the biggest business newspaper in Japan.
The guy may be guilty; he may even be the evil overlord that this video wants to make him look like. But Japan should respect the civil rights of detainees and the presumption of innocence, which it does not. 108 days of detention incommunicado, no lawyer, no visits, under constant interrogation. What's the difference between Japan and North Korea or China?
Awesome comment!
Japan sucks. All of their so called greatness is a symptom of their neurosis.
The difference between china, north Korea, and Japan is that Japan committed war crimes and apologized for like 20 percent of them
Seeing this FT bias only undermines their credibility
Finally someone who agrees. You either go out on top or live long enough to see yourself become the villain.
Exactly, I ll never read FT the same way now.
FT is owned by Nikkei, a Japanese company, hence the bias.
FT is owned by Japanese.
I have read and watched much about this story. I'm pretty much on Ghosn's side and think he's being railroaded.
There's three cases against Ghosn in America, France and Japan. Why is he avoiding all three? Why doesn't he want his day in court to clear his name ?
@@buildmotosykletist1987 completely agreed. If it's not Japan he can at least clear his name in France.
A very biased report obviously. It's shameful some of his people whom he thought were friends turned out to be back stabbers.
Unfortunately hyenas
They had no other choice but to turn against him publicly if they wanted to be free from the barbaric judicial system in Japan.
been happening from the time of Jesus..,…world is such !!
The Japanese are in the moment people. If they at a Conservative party conference, they conservatives for that time, the same person, a few moments later at a Democratic Party conference will be a democrat. They are unprincipled and strange to Western standards of democracy and fairness. Don't expect much from a Jpn friend, with few exceptions. There is also an unspoken cultural collective loyalty amongst Jpn. If you as a foreigner have a tiff with a Jpn person, don't expect the Jpn police to be objective.
@@rohp1283 that true in the Arab world also; including Dubai and all!!! One’s understanding of Japanese people is not the same of the Japanese corporate culture, I assume. Corporate culture is ruthless everywhere. But in my understanding of Japanese people was a bit more refined as a people. Maybe quality of all execs globally gone down from the 90’s including Japan. But I remember world used to pressure Japan to open their markets back in the 80’s and 90’s. Legal system is objective in mostly English speaking world and France, that’s it.
He would never get a fair trial in Japan. Nobody does.
@@frederickfarias9515 He had zero chance of a fair trail.
1. The system does not allow it. The word of the police is gospel.
2. Japanese culture means don't challenge authority and companies are authority in Japan. If Nissan wants you jailed you will be
3. Deflection by dubious and disengenuos means to hides exposure of wrong doing is common place in Japan from small businesses to corporate multi nationals.
4. The cultural practice of sameness means nothing will change.
I can go on
He could have tried not breaking the law.
@@criticalevent We don't know if he did, and if he stood trial and was found guilty in Japan, we still would not have known, because they don't have a fair legal system.
@@rohp1283 Well the money is missing, so if you have another suspect, the police would love to speak to you.
@@criticalevent Yes, the Japanese board members as indicated in the Parsi report . The didn't answer the report but demoted him, packed him off to the UK, harassed him and his family and raided their home prior to his deportation.
Strange how the Japanese always find criminal charges against foreign CEO when money goes missing. In the case of Olympus the money went missing before the UK CEO was appointed, and when exposed by him, they got rid of him. Land of the sun- my arse. Land of conniving and decietful hypocrites.
You can sense the jealousy of the reporter who says no one can be a CEO of two companies. Get a grip, man. What do you know about being a CEO?
THIS!! Low value males HATE HVM
Elon Musk to fat guy reporter: "Let that sink in while you're holding my beer".
@@ManoManov Elon himself is fat af you seen him without his shirt on?
@@Tiktec what does anyone know tbh 🤷
That is Andy Palmer, former CEO of Aston Martin..
I read the comments and it's clear: this is doc is biased. You clearly see envious executives at play. Hear how Mr Pélata says how Ghosn "betrayed" Nissan & Renault. Really? The guy brought out Nissan from the dust and its betrayal. 2 mins off the phone is something to be ashamed of? When has getting bigger, greater and better being a problem? A man falls and those who were once his friends/colleagues run out to reveal how shameful he was, how it was a matter of ego in his vision of pulling 3 mega multinationals together. What I see is jealousy against his remarkable genius. This is what is shameful!
True
Mr Pelata was brought into the Alliance by Ghosn in 2008 and later resigned in 2011 because he didn't manage to spot a case of industrial Spionage in Renault. In the case, some former top directives were falsely accused of Industrial Spionage and were sacked. Pelata resigned as Chief Operational afterwards.
So yeah, giving voice to Pelata wasn't the smartest move.
Mr Ghosn was followed by Nissan employees when under house arrest even though that is illegal in Japan. When his lawyers brought it to the judges attention they just ignored it. When Ghosn would call the media from house arrest the Nissan employees would magically disappear (because the phones were tapped - which is illegal in Japan). The proves that the people tapping the phones (Japanese justice authority) and Nissan were working together against Mr Ghosn in a way that was ILLEGAL. They were not playing by their own rules that they were expecting Mr Ghosn to follow. Why should he play by the rules when they aren’t? He shouldn’t.
It's not illegal to surveil someone or tap their phones if it's the police and they've got authority to do it. Who says it was Nissan employees? Why would Nissan employees be doing covert surveillance and how would they even know how to do it? Presumably it was the police.
I am glad he escaped. After all these years no one has been able to conclusively state what his crimes are.
Tax fraud and embezzlement from Nissan to the tune of $85 million. It was pretty clearly outlined in the charges.
@@criticalevent Show me those charges, in Japanese please. Tax fraud? Are you an idiot? Do you think he does his own taxes? You are a clown.
"People will start losing interest." No one has lost interest in Mr. Ghosn. People have lost interest in Nissan. This video didn't even touch on Saikawa resigning, the veracity of the financial misconduct allegations, or really any evidence that he wasn't managing the companies well. This just seems to be more anecdotes and character assassination.
That is absolutely accurate!
Yes, noting went well for Nissan after this.
Renault still controls Nissan and Mitsubishi Motors. Japanese coup against Carlos Ghosn is wasted.
Agreed
They could have just signaled him to leave !! Why all this humiliation!!!Maybe a pay back; coz this would require a a great deal of power play thru multiple agencies..!! Just guessing.
@@bandanabandana6134 Japanese elites were desperate, so they didn't think straight. In China and Vietnam, the Communist Parties control the pockets of the economy (from shadow streets to main streets). They can choke foreign companies out of their profits through regulations, crime syndicate raids, penalties, and other harsh means. They can simply allow foreign companies to own the assets and domestic companies but the Communist Parties are still in power in any situation.
Japan does not have complete control over its own economy and nation, so they have limited options for handling Renault within this alliance. The only way was to pull a coup against Ghosn that will allow a Japanese CEO temporarily rule for a while. The long-term effect of the Ghosn saga is the decline of any foreign executive who desires to work in Japan. If Ghosn got his way with Macron, Renault will permanently own both Nissan and Mitsubishi Motors. There won't be a thing that Japan can do to reverse it.
Now, Renault still controls the alliance through their vetoing power. With unlimited backup from the French government, there is no way that Renault will give up their position in the alliance unless Nissan and Mitsubishi Motors sell their business segments or technologies/patents for Renault as parting gifts.
@@bandanabandana6134 They didn't want him to work with their competitors
What about the French and American cases against Ghosn? Are they all wasted?
You need to put his extravagance into context. How do you think CEOs live? Of course they have their own private jets... It is not the player it is the game.
Very poor propaganda reporting from a group under nippon control… FT is the laughing stock of the financial circles!
Hey, why do you feel this is propaganda reporting?
@@ecoideazventures6417 because they put him(Carlos Gosn) as the villain, while he's definitely not a man of moral, his japanese colleague is much worse while they are pretending to be the innocent ones, pretty scummy if you ask me
@@SousukeAizen421 hmmm… okay weeb.. go back watch your hentai.
@@lux27.42 lol im shitting on the japanese people and you are the one with chinese cartoon profile picture and somehow i'm the weeb ? go back to your parent's basement, u failed abortion
@@lux27.42 lol a weeabo is tryting to talk to me
At 11:00 when they speak about the Versailles, they never mention that the the treasury of the (or just another sector within the administration) had reached out to Carlos G. & asked him if he would be willing to rent out The Palace of Versailles so they could raise money.
Tbh it was a baller move
9:18 is wrong.
Ghosn actually left the jet accordingly and was arrested in the main airport building.
Correct.
I smell Bias, great vid still. good thing is people are getting to know cash/fiat is pretty much stone age at this point, lets hope he owns some stocks lmao
haha everyone should own some to be honest, I’m a child psychologist who hasn’t worked since December of last year, which made me start looking for passive income, I finally reached out to an advisor for help, following her recommendations, I dumped 30k all in NIO and NVDA shares and call options, Up 200k so far!!! this has literally been a life saver.
@@jenbynature780
I worked with Ashley Elizabeth Alson, She's been in the news when she revived Preemark company in 2019, met her at an annual fundraiser in Boston. You can look her up on the web for info on her work
@@mitchel8329
Cant say I can relate, Ashley's charge is one-off and very much reasonable when compared to what I benefit from her skill set
🚫⛔🚫WARNING: FAKE CONVERSATIONS TO LURE PEOPLE IN TRAP🚫🚫⛔🚫
@@kirsteenluna5617 Lol, how's that Chinese sweatshop feel?
"You can't be the CEO of two companies"
Elon Musk: 👀
No bro , that is different,
Is Elon musk , CEO to two CAR companies??
Nah! that's way deferent. Elon is the Owner/Founder and CEO. Ghon was just hired.
@@Tagohala Elon isn't the founder of Tesla. He bought a stake and kept increasing it till he kicked out the original founders.
@@aviefern OK my bad but he is still the Owner though. Which means his loyalty is always to his Own Companies. Unlike if you're hired as CEO managing two companies. Once a conflict of interests developed between the board of two parties choosing side is deathremental to your career. ✌️
@@Tagohala Elon doesn't own all of Tesla, he owns about 20.7% of the company. There are frequent conflicts of interest between him and other large shareholders like Vanguard & Susquehanna Securities.
Steve Jobs was CEO of Apple and Pixar for a while. Jack Dorsey is CEO of Twitter and Square.
While Warren Buffet is technically only the CEO of Berkshire Hathaway, that position puts him in charge of dozens of companies that they own completely.
Another example would be Richard Branson who has complicated arrangements to represent dozens of companies while acting as a figurehead for all of them.
Free Man. We really love him.
Carlos Ghosn has escaped the gross and cumbersome Japanese justice system in a cunning way. Ofcourse, this is not to defend the accusations against him but he made a daring run which befits a James Bond film..
He’s better looking and “taller” than any Bond
He hid in a cart.
1-0 for Ghosn
@@karman2020 Now he's crimeing it up in Lebanon.
@@criticalevent Nissan CEO Hiroto Saikawa on Monday announced he would stand down next week, after acknowledging that he had received dubious income, the automaker has said.
This is Nissan from inside, swallow it dude
Financial times: You can't be a CEO of two companies at once
Elon musk : hahahahahahahaha
‘Hi fives Jack Dorsey’
best comment ever
You can be!!! You can be ceo for 10 companies if you get the ability
So, this is a very unprofessional product riddled with envy, jealousy and negativity. Very unprofessional. I must UNSUBSCRIBE from both this Channel and the newspaper. FT team, you have done a very EMOTIONALLY UNPROFESSIONAL job this time.
This is one of the most bizarre reports I've ever seen in my life. Its like it was sponsored by Nissan itself.
A Japanese company owns FT
@@BookofProverbs well, that explains it.
Imagine what about the legal case?!!! This explains the mentality the guy was faced with, he had to escape!
Japan would have barbecued him took all his money and jailed him. Him leaving however the means, a box ect; was the smartest thing he did at that piont
don’t believe could have pulled that off without a few well meaning Japanese friends!!
They did get all his Japan money though. The first thing that happens when Japan police decide to investigate someone is they freeze their bank accounts. If he owned any property in Japan, real estate or personal, it was seized by the government.
Now he can't leave Lebanon or he'll be arrested by the French, American and Japanese police as he is facing charges in all three countries.
@@buildmotosykletist1987 He can leave. He just needs to be careful about it.
This man is a pure genius. They railroaded him. They wanted him out!
You know nothing bro, move along
Patrik pelata seems so bitter and salty: directly saying that Ghosn had a "reputation of partying a lot", so what if he works hard and parties harder?? and that he didn't fit in the French establishment that it bothered him, while the other man was saying that he didn't want to be recognised as one nation man, so why would it bother him... it's obvious defaming. And he saved a company from failing and this is how you repay him? Ungrateful and jealous people around him?? Then you were saying that he inspired people and at the same time that he is dictatorial and feared, so which one is it?? Again obvious defaming...and if it's about corruption, then most of the CEOs and politicians and others around the world should be taken down and sued and put in prison, Or is it when you like it you don't and when you don't like it you do? And we all know about Japanese jurisdiction system. This report shows bias and double standards. Shame on you!!
Your comment is spot on!!
"Carlos broke down the network of close suppliers that are tied through cross shareholdings" - Damn ryt, its like having a union in your factory, they have that bargaining power to disrupt your operations and your costs are pretty much at their mercy
His escape needs to be made into a movie
10:55 we all use our companies cars to move, so we could get imprisoned in the future?
11:20 it was a joint events, his birthday and celebrating the alliance. What’s the problem with that? No one lost his mind other than jealous losers.
15:03 by the way France and Brazil has no extradition treaty with Japan too
All those stuff you’re talking about Ghosn were happening for years, why now they suddenly became incriminating? Most of those allegations are childish, we all use our companies resources. We use companies cars, when we travel we sleep at accommodations owned by the company.
Real life is more interesting than fiction.
Only if you're the protagonist
I find it quite irritating that a 20-30 years old brat girl who just got out of university is mocking this men wither he is or not innocent it doesn't change the fact that he did soo much in his career
This is a very wrong report! Charges are using a company flight for personal use to go hyper market, having a birthday or not so birthday party for public relations but no Nissan people was there as if they will make a difference and having a house in 2 countries...
It doesn't make any sense for someone who takes 16 millions salary and merging 3 companies and looking to take on the forth to be removed for such claims.. And how he escaped shows how this system has serious holes and ironically the same system has a convection rate of 99%. In my opinion it's a political / business decision. Why not have the trial in France where he run one of the companies and was going back and forth between France and Japan!?
This is a clear indication of that decision 19:05.
After this event, I will never buy Nissan.. Even Toyota is my favourite car.. but I am not sure if it will remain my favourite car.. I have bad feelings against the Japanese car after a long term love relationship..dear Japan u could had solved the issue with peace, justice! & Diplomatic methods! I am sorry Japan ! U lost a solid love !
Ouhh. . Ok
Sayonara
Mr. Ghosin is the best CEO of all times, period.
I think too much is being said on him being a superstar. Actually ,the media decides to make some superstars or failures. In reality , in a manufacturing company ,only the team can win , there can be no superstar. Everybody right from the car designers to the factory technicians , they are the real superstars,
That's why these superstars teams became losers after Ghosn was gone?
The greatest man alive!
So biased... It's sad to see that FT is participating in this character assassination...
I wondered all the way where was the opposite point of view or something.
Japanese orchestrated report by the FT!
Imagine what about the legal case??
I don't see how you can label this the fall of Ghosn. It is the ultimate ttiumph. Did superbly at his job and magnificently in his escape.
Interviewee: You can't be CEO of 2 companies at the same time.
Elon Musk: Hold my beer!
The Japanese Just didn't wanted him. They wanted One of their own while he was the one who salvaged the Company
pff you are comparing someone who had money from father and brothers to carlos ghosn ? i dont know if carlos stole or not he is 1000 times better than elon musk
Carlos Ghosn: simply a legend no matter what u present FT
The french guy is so jealous. And this report pictures him like he was a failure.
Make no mistake he brought success to both the french and japanese companies.
But he was a "gaigin".
He will re-emerge as the saviour of Lebanon. Mark my words.
I have been saying this since his escape :) Geopolitically he will even be supported for sure
Obviously from the picture you can tell what side the FT has chosen :-)
99% conviction rate for nationals. He did the right thing to escape
Great Guy!
Obviously he should escape because he is escaping injustice!
Bloomberg made a more fair judgement of this tragedy. Carlos won cause he knew better than any of us the Japanese corporate world and the justice system and he did what was supposed to do due the circumstances. What it is incredible and says a lot is how the companies have been underperforming in his absence. Something is not adding up in this report.
Ghosn did not win, he lost.
I never knew FT had double standards, all this because of jealousy
You can literally pay them and they will publish whatever narrative you want. They are no better than any other media channel.
own be Nikkei so yeah.....
That fake smile on FT correspondents says how much biased this report is.
the rise and fall of Nissan and Renault should be the caption
If this had an intro it would have said
'UNIVERSAL NISSAN PICTURES'
Produced and directed by Sakawa
Couldn’t finish watching this. Not a fan of some of these smug correspondents, would have liked a non biased view. His “super stardom” was well earned if you ask me.
Financial Times becoming a real commi newspaper. Oh lordy. And apparently it’s not Gone, it’s gohsen
Absolutely awesome couldn't make it up!
Well he could run for President in Labenon.
I wish
Where is Labenon?
What’s Labenon?
why all foreign CEO’s end up having a problem in the end in Japan ?……..hmmm few names sprung to mind……(shhh in the past Olympus, SoftBank, etc…) (all foreign 👨💼 CEO hitherto seem to have had an issue)……. Intriguing 🤨!
He lost the opportunity ?
He is alive and free from a biased and unfair system.
Now RENAULT deals with Putin,what a shame
He’s not stuck in lebanon. That’s where he’s always wanted to spend his retirement. He won fair and square.
Yes he is stuck in Lebanon, if he leaves he'll be arrested. Ghosn is facing charges in France, America and Japan.
@ no one with money would want to leave lebanon. All these charges are ink on paper.
@@abu3leish : Millions of Lebanese leave and claim oppression in their refugee claim.
Yikes! This is such a shoddy biased video. Not the level of quality I've come to expect from FT. You've mentioned how he was illegally held and questioned for months without a lawyer in Japan, yet you don't see that as evidence he wouldn't get a fair trial?
Japan's justice system is notorious for its extremely high conviction rate and confessions under duress. People are often held indefinitely without access to lawyers or even basic facilities until they are broken down and forced to issue false confessions.
It is guaranteed from the way they handled his case, that he would be convicted and made an example of, even without evidence. Plus, every action of his and his expenses were managed and accounted for by the companies. If there was funny business going on with Nissan's money, the CFO, auditors, accountants, and others were all complicit and enablers. It's impossible that he could pull all this off on his own.
Which multinational CEO pays for their own flights, vacations and houses? Granted the man might have done some foul things but making it seem like the JAPANESE government is legit is laughable.
If they're for personal use, then obviously he should be paying them out of his own bank accounts and not Nissan's. He got paid enough.
This former Renault executive is so butt-hurt, he should seek help.
I know haha typical French ... sour and upset
What Warren Buffet is to finance, Carlos Ghosn is to complex, global manufacturing and marketing
Escaped in a crate smuggled into a private jet, the absolute madlad
I absolutely hate nationalism. Some countries teach nationalism different than others. I hate the concept of doing good or prioritizing ones country over others. The country you were born is doesn't own you anything. Some people are so brainwashed to this that they would think leaving the country you were born in is like a betrayal. I consider myself a global citizen than of a certain country, I don't have access to all the countries but what I'm saying is that all the countries should be at a similar level.
Love your comment….spot on!
A fascinating story
Power corrupts as you start to have success and are getting praise from admirers, you start to believe, that you have done it all on your own. You lose the sense for reality. That is the sad side of Carlos Ghosn story.
Before Carlos Ghosn took over several Japanese managements had tried a turnaround and failed. Nissan wanted Mercedes as a partner, but Mercedes refused. They were building a partnership with Mitsubishi and failed. Renault was kind of a last resort for Nissan. Having myself been an expat working for US companies also in Japan, I know that his turnaround in Nissan by achieving the goals from the beginning is unique in Japan. His credo: “We cannot do the turnaround; the Japanese have to do it and we have to enable them.”
I believe that way Japan dealt with him, was politically motivated and there was a lot of jealousy behind it, because of his achievements and popularity. That is the other side of Carlos Ghosn story.
Even though this is not a (illegal) crime, just an error; why did the cars *fall* in quality (automatic transmissions) during his charge? Was there focus on Renault instead of Nissan, after just cutting costs and putting off bankruptcy? Renault was great before it was nationalized and taken from the Renault family after WII, but had it ever regained its previous stature? As example: Toyota became great from perfection and quality.
Mr. Ghosn has great management strategies, and organizationally improves the cos. he’s supervising.
For some reason this video and the commentators, not say the real story and the truth full of rubbish and outrageous, they try to adjudicate convict Mr ghosn and ruined his reputation, man fight for his freedom man simply CEO for the enormous three car manufacture where this report when that man turn around the disaster of losing company, car maker to profitable, success, structure and competitive company, he faced unfair trial. great man and superior CEO.
Could FT have rushed this video any faster? Recording a video at 1.5x is not exactly making something 'concise'.
I could not disagree more. I thought the pacing was exceptional. Many others covering this topic have been more laboured and included far less information. This was a great piece.
Carlos Ghosn is the ultimate problem solver!
That's why Renault Nissan Mitsubishi lost more than 30 billion in share value since he left the company.
And even the Prime Minister of Japan and President of France said that any financial irregularities as these could and should have been resolved in the boardroom.
I thought journaling was meant to be unbiased?
This sounds like a hit piece funded by Nissan lol
CG will be fine!
It's funny how biased this report is all of these people focusing on the birthday party and his personal life not looking on how successful the company was during his time till 2018 and how the companies failed without him when he was back stabbed ,he's still a legend and your propaganda will not change people's minds the sales figures does and it says without him the two companies are utter failures
He is running an automobile company from where he is right now 😎... as a consultant to the CEO. He travels under .... name to many countries... life is normal again but without glimmer ... thanks to 'the pope of redemption' 😅🤣
This needs a big-budget movie. soon.
It’s crazy at the amount of journalist who fail to pronounce Ghosn name correctly smh
Carlos Ghosn is a hero!
This report is grossly biased, not once did they show where during his leadership that the companies fell in performance... that Renault executive is so salty like how can he say he was not a successful manager yet still both Nissan and Renault were growing even tho both companies have subpar vehicles with questionable electronic components and mechanical functionalities
17:06 the cameraman rolling his eyes? 🙈🤣
When a figurehead’s fall is contrived, the mediocre take to the press and social media to spew their nonsense. Ghosn was unique at the Job and phenomenal in his escape.
Two notes on this report:
1: weak display of transparency and neutrality, as if this report was fully paid and sponsored by Nissan and Japan.
2: the guests in this show, looks like envious losers who are performing a cheap gossiping behind one of their acquaintance.
Fascinating man. Great watch
Word is Japanese agents are still watching Ghosn in his house in Japan lol
If this was not a conspiracy as FT imply, then why did the Emporer of Japan even say that these financial irregularities should have been addressed in the Nissan Boardroom instead of the prosecution Carlos Ghosn.
The BBC Storyville documentary is much more objective and closer to showing the full truth!
The graphics and animations of this documentary are excellent.
When ever someone does amazing for a company, he gets done over.
Very biased piece of ‘journalism’.
Many biased witnesses sharing their views who have a vested interest in putting him down.
He was arrested for political reasons and to protect the Japanese-French relationship.
You can do better FT.
Carlos is dead, long live Carlos, the man who fought the system and won! Carlos is everyone’s secret dream.
Why ya'll hating on Carlos Ghasn, there's some hateful energy here
A very biased report and a childish casting to say the least, ridiculing the fact that the only way for Mr. Ghosn was to escape the injustice of the Japanese court system and the man took this one in a thousand chance and he succeeded! So if anything, FT should shed more light on the injustice of this system let alone that there isn’t an actual crime that was committed, so it is all political and Nissan decided to put its weight and influence and even turned the justice system against him and has failed miserably!
FT own by Nikkei so the bias is understandable
"You can't be the CEO of two companies at once"
Elon Musk: hold my companies
Thanks to Japan's injustice.. without it, we would have not known the man in more details!.. the citizen of the world, the most powerful CEO in history... Wow!
This documentary is so biased against Ghosn, its a shame.