Almost single-handedly, Ghosn’s vanishing act dealt several blows to Japan’s government.
A TV crew reports from the residence of Carlos Ghosn on January 03, 2020 in Tokyo, Japan. Japaneseprosecutors have raided Carlos Ghosn’s home in Tokyo after the former Nissan and Renault CEO fled Japan to avoid trial on charges of alleged financial misconduct.The fallout in Japan, though, must be ruining Prime Minister Shinzo Abe’s New Year holiday. Neither Abe nor his ministers are commenting on Japan’s most famous CEO thumbing his nose from 5,500 miles away.
Yet L’affaire Ghosn is merely the highest profile of scandals to rock Japan in recent years. Along with Nissan, icons including Hitachi, Olympus and Toshiba produced their fair share of headlines. So did Kobe Steel, Mitsubishi Materials, Subaru and Toray Industries. Somehow, the CEO of troubled airbag maker Takata still has a job. KYB, maker of earthquake shock absorbers for buildings,
But was a palace coup and drip-drip-drip of damaging leaks the best way to oust a CEO? Especially given that the corporate system that enabled Ghosn’s excesses was at least partly culpable for his overreach. Truth is, no one looks good in this tale—not Ghosn, not Nissan’s top management, not Abe’s ministers.
Another key Abe push has been to make Tokyo a top-five center for multinational companies. Efforts have generally focused on reducing corporate taxes and red tape. Yet the optics of Ghosn’s sudden –and a legal system that detained him for months at a time with scant access to lawyers and family—works at cross purposes with that goal.
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Turkish private jet company says rogue employee helped Carlos Ghosn flee JapanA Turkish charter jet company says a rogue employee helped fugitive auto executive Carlos Ghosn escape from Japan to Lebanon. MNG Jet says it has filed a criminal complaint.
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Carlos Ghosn escaped Japan using second French passport: AFP, NHK - Business InsiderThe former Nissan CEO abruptly appeared in Lebanon, from which he cannot be extradited, after giving authorities in Japan the slip.
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