Going, Going, Ghosn

  • 0

Going, Going, Ghosn

Tuesday, 20 November 2018 | Pioneer

Going, Going, Ghosn

The dramatic news of Carlos Ghosn’s arrest by Japanese authorities was felt on the stock markets in Paris as well as by automotive honchos and even fans across the world. Ghosn was a superstar in the industry and had become a megastar in Japan, where he has rescued the once-ailing Japanese carmaker Nissan from the depths of despair. But it was an internal investigation at Nissan that found that Ghosn (pronounced ‘Gohn’) had undertaken some financial jugglery. More than the arrests of some Volkswagen honchos for their roles in the ‘Dieselgate’ scam, the news of Ghosn’s arrest shocked the automotive world. 

Unlike most other auto industry executives, Ghosn was a media darling, a foreigner (he is a French citizen, born in Brazil) who saved a venerable Japanese brand from death with dramatic cost-cutting moves. Few gaijin (foreigners) had ever managed to crack the Japanese corporate code before, let alone someone who was parachuted in. Ghosn was so popular that he even had a comic book featuring him. and all this made him and his family globally famous.

But what next for Ghosn and his reputation? It remains to be seen how the Japanese financial authorities deal with the case and what the exact charges against him are. In case the charges are dismissed, this won’t even register as a blemish. But if Ghosn’s alleged white-collar crimes are proven, his fall could be very hard indeed.

State Editions

Cyber tech new weapon of anti-nationalists: Naidu

17 December 2018 | IANS | Chandigarh

Mentally healthy or mentally ill ?

17 December 2018 | Dr Sona Kaushal Gupta | Dehradun

Spooky, Spine Chilling Tales from the Garhwal Himalayas

17 December 2018 | JASKIRAN CHOPRA | Dehradun

Ensure more price for paddy: Saryu Roy

17 December 2018 | PNS | Ranchi

One protesting para-teacher dies

17 December 2018 | PNS | Ranchi

Sunday Edition

A star is reborn

16 December 2018 | UMANG AGGARWAl | Agenda

Barabati Fort Where the stones speak

16 December 2018 | Somen Sengupta | Agenda

A dignified voice against patriarchy

16 December 2018 | Gautam Mukherjee | Agenda

Waiting for the sun to rise

16 December 2018 | UMANG AGGARWAl | Agenda

The changing face of Delhi

16 December 2018 | Excerpt | Agenda

Technology meets border security

16 December 2018 | SRINATH RANGARAJAN | Agenda