What do you guys think? Should Ghosn have faced the Japanese justice system, even after learning about what they did? Btw don't forget to subscribe to win $1000!!
Albon, Thank you for this very well done and informative (and most important) honestly "balanced" expose. Personally I have always admired Mr Ghosn (in the same admiration for other heroes say like Lee Iacocca for example) - impressed of his career with Nissan's outrageous success during his tenure, but following his arrest had been somewhat disappointed - up until watching all of this. The light having been shed on these spurious Japanese execs and BS hijinks within Nissan was something I knew very little of. I hope one day that Mr Ghosn tears has the opportunity to tear down the curtain entirely for all to see who the real crooks in this matter are. Thanks again!
Japanese way is very good. Not even the CEO earns big money, everything remains buyable for everyone not just the top guys. No elite, no wage gap that a hundred years couldn't make up. Lock him up and throw away the key...gtr or not. Edit: end of film.....seems Japan has a greed problem now like the West.
Hell no! If Ghosn stayed, he'd be rotting in a jail now. The Japanese police and judicial system is as corrupt as it gets. Completely shameless and difficult to comprehend how it's considered a 1st world leading Asian country. I know cuz I'm here. You can get thrown in jail without trial, without a lawyer, without rights, for the simple reason that you're a foreigner. They have 99% conviction rate not because the police are good at fighting crimes, but because they keep you in isolation and torment you day after day until you break. The conspiracy is real, just not what most believe it to be or how the media plays it. Good on Ghosn for getting the fk outta here.
@@andrewwright. the greed problem already exists in their corporate structures they even resort to doxxing, stalking, and even bribery when dealing with issues. Notable companies who were pretty much guilty with this were Square Enix, Nintendo, and Mitsubishi. Square Enix and Nintendo hire PIs to investigate leakers and doujin-soft circles to harass them with C&Ds, threats, and spam calls. Mitsu bribed their way to hide emissions and fatal design flaws for almost 40 years until they got an antitrust lawsuit. Lots of Japanese companies resort to this, and only a few ones go bust and that's due to them not being able to properly hide their tracks when doing so. In Ghosn's case, should he face the Japanese judicial system, he's definitely bound to rot in jail. You'll never win a case once you're accused in Japan. That's how brutal their conviction rates are.
I mean there is long history of Japanese conservative nationalism and of the polite culture. If this how ever would happen in todays China, you better bet on the guy would be lucky to get out of the country.
Yep. The day I heard that in Japan you can 'rent' an entire family for a weekend, just to avoid feeling lonely...it confirmed for me that it is strange straange country! 😐
Note that in Japan getting persecuted 99% of the time means that in court the person is found guilty. Even in cases where the judge knows that the persecuted person isn't guilty. This happens. The criminal justice system is one of the worst when it comes to justice.
@@mop2254 How can you say that after seeing how they treat people who haven't committed a serious offense or a crime at all? There is no honor in throwing others under the bus. If you can't face your own crimes how can you claim to have any honor.
yeah I mean the reason why in the ace attorney games you have to prove someone else did it, is because it's a satire of Japan's legal system and how impossible it is to be found innocent
As a Japanese, I think this needs a proper Japanese translation and gets released in Japan too for the Japanese audiences… I didn’t even know all this until today, all I know was Carlos was the bad guy in this case
Same to the Japanese executives, everyone is bad, not just them, all of us here, this is reality, Japan needs to be less strict on certain things and let foreigners do its thing with manners. Corruption smh, I like Japan, but its still messy like the US.
@@gakidomo9561 Absolutely not. Carlos is a bad person who intended to make Nissan a subsidiary of his own small, private company. This is a bad dude with a bizarre, disgusting ego. Nissan was a victim of this psychopath.
I mean, it does sound like he did some shady stuff which he should be held accountable for, but in a reasonable way. That would also mean that the other board members should be held accountable though. I guess I am lucky to live in Germany, where the legal system is much better (its sadly not perfect though).
@@bamhi1522 If they're willing to do the very nasty things they were caught doing, they deserve to be made someone else pet since they can't keep themselves in check.
But unlike average folks, the US wouldn't hesitate to extradite, this scumbag gets a pass cause he's rich AF. That is the US justice system coddling wealthy criminals like always.
In Japan, 40% of lawsuits is settled outside of court. As for the remaining 60%, confessions take much of what's left, because the Japanese are brought up to be honest, the paramount in the Japanese culture.
@@gusty4057 The police and law enforcement of japan also use these "confessions" to put innocent suspects inside the cells just to close the case and get promotion. Police often torture and mentally harass the suspects for false confessions that are later used against them as evidence to put them inside bars. You can easily be put behind bars in japan just based on circumstantial evidences. There was one documentary also made regarding this issue and the dark side behind the 99% conviction rate.
Around 1999, Ghosn made a speech at the graduation ceremony of my kids' school in Yokohama. It was a wonderful presentation which showcased his deep humanity, wisdom, and humor.
When you start to learn about Japanese culture nowadays and their behavior towards foreigners, the suspect of misjudging totally makes sense. 108 days arrested by allegations of a crime unproved is clearly a message and a personal punishment.
@@rpaulmalinis285 Just try living in Japan. Due to being an Ethnostate and Isolationism during the Shogun period they are kinda racists till this day. They are good and kind people. But they don't see you as a good person. Specially in corporate and judicial spaces.
@@rpaulmalinis285 If not racist, they are certainly xenophobic, and have the right to be as it is their land. But don't try pulling defense for them and denying this.
@@splint3048 He was running the companies to the ground. Making massive cuts and layoffs to temporarily increase stocks/shares works short term but not long term. That's why most of these western CEO's hop from company to company every few years so they can take as much as they can out of them before they inevitably collapse, and then screw the next company and employees they go to. This style of "leadership" is corrupt and outdated should be recognized as a scam/crime by now. The Japanese are right in handling him as a criminal it seems. Sure, corporations have to make cuts in quality and employees at times but these CEO's do everything they can to benefit themselves while screwing over others (including the economy of entire countries) and that's not the Japanese way. If only western countries were this bold in penalizing corrupt CEO's!
Japanese worker does a bad monthly report: dishonorable, leave the company, life in shambles Japanese CEO being corrupt: aigh mate we playing town of salem tonight?
That sounds very similar to Dutch CPS cases: where the assumption of guilt prevails in spite of any and all evidence to the country, and are children are separated for life from their parents.
@金城㱐 That's why people were stabbed in a train not too long ago right? Lets not forget all the women that get gropped on trains by creeps, but yeah their safe.
@@e.e9596 Japan homocide rate: 0.3 cases per 100,000 population. The lowest in the world in some years. US homocide rate for comparison: 5 cases per 100,000. Some European countries dip as low as 0.30 - 0.50, like Norway or Luxembourg, but most stay between 0.5 and 1.2. Anecdotal evidence in this case is very useful when placed carefully in a burning garbage can. Japan’s police system is harsh, uncaring, and unforgiving, but Japan is one of the safest countries to live in on earth. Of course, bigger bad accidents happen too. But that is not enough to tip the statistics. They’re still impressive.
Those crazy dealership sales incentives really explains why Nissan is famous for selling cars to people with low income, bad credit, low interest rates etc.
Makes so much sense. I've seen so many piece of crap looking 2000-2010 altimas that really show who they've been owned by and where they've been. And I always wondered why the altima lol.
He saved his skin by escaping because there's no way he could have won those allegations considering the syndicate against him with the Japanese government, this is proof that success turns friends into frenemies!
y'all forget he's the one lifting Nissan from bankcrupty, seeing Nissan's plumetting state again after Nissan and Japanese government and a certain also foreigner from corrupt Malaysian, I'm trying to guess how Nissan will pull itself back, or worse, how to get foreign investors for this ungrateful backstabbing ass of a company
Oh yes it does, money greed etc etc his success yes very successful, I idol him. But merging nooo nononono, just the idea of it is unspeakable. Has there been a cross country company merging? That is like as nameful as Renault and Nissan?
We can’t just let the behavior of the people involved in the plot slide. They’ve managed to escape much of the spotlight. We need to shine a light on how bad these people are.
The Japanese board said: "less profit with more control is better than more profit with less control". they put Carlos in jail just because he is the only one who can merge Renault with Nissan
@@opinionsvary and this is a crime harsh enough to go to jail? at best this is a financial investigation by the tax authority. There is immoral financial practice and illegal financial practice, unfortunately there is no law on this earth that can prosecute immoral financial practices. I see Ghosen as a victim of Japanese pride, but guilty of greed, but is greed a crime?
Clues. Ghosn's grandfather was Bichara Ghosn, a Maronite Catholic (Eastern Catholic Church ... in full communion with the pope). Carlos' father, Jorge Ghosn a diamond trader ... convicted of murdering a priest in Sawfar, Lebanon in 1960 ... fled to Brazil in 1975 at the outbreak of Lebanese Civil War.
ive never heard english speaking people say anything positive of other races. so as a rule of thumb I wouldn't believe anything they say about the three races they have failed to genoicde an conqure yet. aka the original black: yellow
This was a master piece presented by you. Learnt a lot of things, kindly make more videos on such case study. I saw your playlist is filled with car videos. You are way better at pursuing case studies, keep doing that.
He is innocent and guilty at the same time. He embezzled/ mismanaged a lot of money (that Marie Antoinette party at the versailles was so tone deaf and over the top - tells you a great deal about how disconnected he was from reality) but he is right that about being set up by company insiders in Japan with the backing of the corrupt Japanese legal system. There is no way he was going to get a fair trial so I don't blame him for escaping.
Have you seen how the Sli Lanka English teacher lost life inside of Nagoya Japan immigration department. They did not send her back right away. Also we don’t why 68 kg beautiful teacher become 32 kg weight after 6 months. Public new interviewed her 2 sister who loaned money to buy airline tickets because Japanese immigration government officers did not send any notice after the older sister died at japan immigration department on February 2021. They found out on March after one months when they arrived in Japan. Anyway, Japan government drop this case right before Tokyo Olympic. They forced 2 sister go back to their country Sli Lanka . The government officers were very mad to them .the two sister used public news with giving a chance to japan immigration department. Well, I believe japan immigration department had over one months before they arrived japan . They don’t nothing for them . This case closed and dismissed by Japan government officers. Can you believe. They got nothing back besides older sister body without any explanation from Japan government
@LightZpeed Yes but he should be punished proportionately and according to the law. The Japanese legal system is racist and corrupt and they would have exaggerated his sentence in order to make a point.
Life, no parole. I don't even care about the charges he ruined Nissan and made transmissions(and many other parts) designed to fail. People have undoubtedly died because of the dramatic drop in quality. Many many more had to scrap their vehicle or spend thousands unnecessarily
I agree. Not only for bad quality petrol cars, but the horrendous quality of the Nissan Leaf EV! The battery tech on the car is disgraceful whilst Tesla showed how to build EVs and cool the batteries properly. He was a con.
I’m shocked that any video could hold my attention for 22 minutes, but you really did it. Excellent production! (I’m actually kind of shocked….). Kudos!
This explains why the quality of Honda/Toyota is so much greater than Nissan. Lol the executives at Nissan were just taking money instead of reinvesting it into their products. It all makes sense now.
As the video pointed out they were making all these unprofitable cars for the Japanese domestic market, that had to stop. That led to all the factory closures and job losses. You can bet the government of the day didn't like looking bad. All these car-makers have to shift to hybrids and full electrics now so that is the next challenge.
@footballcoreano You're Korean, lol. Japanese cars are just much better built than their Western and especially Korean counterparts. Anyone that is smart with their money would go with a Honda or Toyota. They last so much longer.
@@user-pn3im5sm7k strange thing to say. I’ve owned a Toyota, VW and Hyundai along with other cars. The best quality? Dunno? All 3 lasted me for years without major issues. The VW for sure felt the strongest and had better handling than the other 2.
@@josephj6521 Going off by reports from owners, I've never owned anything that isn't American but I can absolutely feel the quality in the backseat of a Toyota or Honda. It's no luxury car but there's a reason you can see so many 90s camry's and civics on the road today.
I think most critical of his decision was to announce performance based promotion and bonuses and not on seniority. Imagine how many non performing managers and executives would be upset.
@@bignavin10 The other way of looking at it is that he was a free agent, available to work for any company in the world. If the Japanese wanted him they would effectively have to match the salary he could earn in Europe or the US and that's what they chose to do, no one forced them to do it, they chose to do it. That in my opinion does not make him a demon. Lets also not overlook the fact that the low paid executives almost bankrupted the company.
@@bignavin10 that's the nature of a large corporation though, CEO/CFO/COO get obscenely high remuneration while rest of the staff don't even earn a fraction of that.
I'm so glad he didn't have to take the hit for this. He was just smart-er than them. Played them at the same game they tried to play him and make him the scapegoat. Well done to him and I wish him all the best. Don't hate the player hate the game.
Im not sure that he played them, he was at the end both an scape goat and out of their way, so they got what they wanted, only with him exiled instead of in jail.
This is probably the best youtube video I have seen in months. Goes to show that the ultra corrupt, self-serving, backstabbing, and scheming businessmen we see in movies and shows aren't all that fictional and aren't just relegated to English-speaking countries.
Then the USA must LOVE outsiders? They jail, kill and put minorities in concentration camps. Take a good look at your own shiiiit before you point fingers bud, its much worse than other countries
@@JackMontana406 Umm let see, Mexican families put in camps at the border, with kids separated from families and dying. Japanese Americans put in concentration camps because racist America was so damn paranoid, but left all enemies who were white alone, Germans, Italians etc...
@You Tube , well, they literally bombed Pearl Harbor, so start shit and get your fucking shit wrecked. Also, Japan should be more grateful to the USA, as it is saving that country from evil ones like North Korea, Vietnam, and China.
This is probably the best short-film documentary I have seen, and certainly the best documentary I've seen in a couple years. Fantastic job @Albon. Edit: what makes this video so great, personally, is the amount of research and study necessary to provide outcomes - then placing the result of those findings into sequence w/ appropriate cause-effect relationship. Check it out.
Uh no, it's a video with a very clear angle. Albon specifically fails to mention stuff that is already readily available including the fact the French government is actively investigating him after a forensic audit from Renault uncovered 11 million euros in questionable expenses. It also neglects to mention how Ghosn passed off his personal losses through the company books and failed to report over $90 million in unreported earnings over a 6 year period (this was extensively covered in Nikkei, one of Japan's largest publications). He then proceeds to talk about the plea deal that other executives at Nissan received as if it's some sort of proof of some grand conspiracy against Ghosn while failing to point out that plea deals are common in most modern justice systems (including the US) as an attempt to get the guy at the top (in this case Ghosn). This video is in no way approaching the subject from a neutral perspective. Honestly it's quite appalling how much missing information is not present and to what lengths the video goes to avoid talking about why he was charged and to what extent his crimes supposedly were along with all the active investigations. Nowhere in the video does it mention the active investigation France (who were gungho about supporting him initially) is conducting after discovering 11 million euros in questionable expenses at Renault. Some of the charges being considered include tax evasion, fraud, and money laundering.
Carlos Ghosn's big mistake was flaunting and lavishing company money on himself. As a foreign CEO in Japan that's a very dangerous path. Not only that he was totally unaware about the crazy criminal system they have in Japan towards foreigners. Inexcusable blind spot for a career executive working in Japan.
Exactly. For someone who loves diversity so much and credits it as his strategy, he sure is incredibly ignorant at best and hostile at worst to Japanese culture and people.
@@HorsesArePeople2 lets be honest if he was Japanese no one would bat an eye cuz of how homogeneous Japan is, their board were definitely behind the arrest.
@@HorsesArePeople2 when was mockery a criminal offense? If they are arresting him for criminal activities they should do the exact same thing to the corrupted japanese board members. You cant tell me the japanese gov got so much time on their hands they arrest someone for hurting their feelings while letting mafias like the Yakuza run loose
RU-vid channel DonutMedia apologizes for judging this man before, now that the full facts have come to light, they were framing him. All the best Carlos.
@@EcnalKcin Of course he was in it too. I'm saying it's not a one man job, and the parties involved esp. the Japanese tried to make him the scapegoat. He is innocent in more than half of what they are accusing him of. His crime was growing the company to a successful international and global level which the Japanese were scared and fearful they would lose grip over their influence. And also, how the govt approached and apprehended Mr. Carlos just because he is not a Japanese is not according to the law! I'm glad he escaped. A 100% sure he wouldn't be getting a fair trial in Japan.
Pretty good video. You should have mentioned that only the foreigners were arrested, Carlos Ghosn and Greg Kelly. Hiroto Saikawa who was proven to have committed the same crimes that the two foreigners are suspected of, was able to walk away scott free by just bowing and saying he was sorry. I currently live in Japan as a foreigner and have done so for 20 years. The Japanese people for the most part are nice people. . . . .to your face. There are many who will stab you in the back just because they feel they are superior and everyone else is beneath them. Luckily I work for an American company, that hires both Japanese and other foreigners. I would never want to work for a Japanese company.
I heard that Japan is still xenophobic at times and it’s hard for non Japanese to adapt. That and they will sometimes harass non Japanese, Japan is still very traditional and do not like change.
And hear I thought it was a very friendly country due to anime portrayal of it. I have also heard from other none natives on RU-vid that Japan is not kind to foreigners.
@@thanors2 They are. The area that I live in has a few foreigners, but most of my neighbors are older Japanese. They usually mind their own business and I mind mine. I had a new neighbor move it to the house across the street from me. Roads here are not very wide and houses are close together. I was backing out of my driveway and part of my rear bumper passed over the property line of said neighbor. I had to back out further than usual to avoid another car parked at my house. They came out and said if I came on their property again, they could call the Japanese police. My bumper only, which didnt touch anything but the air around it. After that, they put up all these security gates, fences, security system, etc. Makes for a strange situation to say the least.
"There are many who will stab you in the back just because they feel they are superior and everyone else is beneath them." So, they're the same as everyone else.
By their very actions, they have not changed since Dec 7, 1941. They were defeated in WW2 and their defeaters pumped in $2 Billion to help them rebuild their nation. After that they went back to war without guns, rather business. The Japanese gov’t to acted as a business partner by providing tax breaks and low credit if they went to other sectors around the world. They protected companies with trade barriers and low exchange rates that crushed imports and supported exports.
I remember a quote from a late interview in 2014 with Charles Ghosn where an audience member asked if they were ever planning to bring back affordable RWD sports coupes in light of the BRZ/GT86 and he said "Kids now days are the target market and they're not interested in that. more of them would rather have cool and funky cars like the JUKE"
I'm a Nissan tech. Fuck em! I wouldn't own one, and I hope anyone reading this doesn't own any Nissan with a CVT transmission. You WILL need a new one!
@@powerhousepaperairplanesrogers He basically just fired nearly everyone and cut the company to the bones and utilized some of Renault's resources to help them. That strategy may have worked well short term but not long term as was clearly seen by the ever diminishing profits. Of course Nissan needed to make a lot of cuts but they don't need a corrupt CEO either. Surely they can just find a decent Japanese CEO who can manage it better.
@@--Singularity-- Toyota and other Japanese companies do it. The Japanese have always been good at finding the ideal balance between quality and price and profit.
@Alfred Weber It's the numale western mindset. Cut everything down to the bones and sell the assets and IP to competitors, and then, eventually, sell the brand to China. It's like everyone has amnesia about what Bane Capital did to Toys R Us.
CEOs can often cut cost by removing long term success factors, such as training and employee development, and focussing on the short term instead. The result appears to be "le cost cutting" and "le profits" but results in hollowing out of the company, resulting in its eventual failure.
Exactly. Those tactics are like saying heroin makes you happy while covering up its devestating long-term effects that destroy its user. But that is how the world works. Everything for short term gain, no matter what happens next because the people in charge have enriched themselves in the process and then can hide their wealth in some offshore paradise.
Yes!, let’s get rid of that costly maintenance, scrap the expensive hard learned infrastructure lessons of the past, and get this company “going” again! ....... this succeeds..... until it doesn’t
Excellent analysis. It seemed clear at the time that there was no way he would ever receive a fair trial under the draconian Japanese criminal justice system. I would have fled the country at the earliest opportunity as well.
my theory is that everyone has reached into the till, including Ghosen. he's the perfect scapegoat. Firstly he is the CEO, secondly he is a foreigner and does not speak the language (Japanese). if you pay out corporate money, you have this confirmed in writing by the supervisory board. I can't say about detention myself, I don't know the laws in Japan.
Yeah, I think the answer here is Ravinder Passi is probably the only "hero" in this story, and all the other players -- Ghosn, the Japanese government, police, and the executive boards of Mitsubishi and Nissan -- are the villains. It's like watching one of those mob movies where they all turn on each other.
@@romxxii I never once doubted Ghosen’s “innocence”, if we can call it that. It was just a matter of time for the rest of the corrupt board to be exposed. The problem though: even after being exposed, nobody is held accountable. Boycott Nissan. No GTR for me.
From the beginning Carlos Ghosn was the tool for the Europeans. He is a Brazilian. Unless, he has some use for racist Europeans they will never allow an "outsider" to become a CEO of anything. His main goal was to infiltrate to Japanese business and take over at least one major company to steal technology and know how from Japanese, for the benefit of crooked European businessmen. Ghosn did not do anything to the quality of Nissan products. To the contrary, Nissan quality dropped steadily. What he did was to integrate the Nissan as a company to European brands namely Renault group. Not surprisingly the quality of Renault got better, not at the level of other Japanese brands, after Nissan merger. Obviously, Japanese are not idiots they eventually realized that, even though the sales figures seemingly getting better, their product quality is dropping terribly and product development practically came to a halt. So, they decided to take back the Nissan brand from the hands of the Europeans, and Europeans being the unethical partner in this merger, did not want to leave without poisoning the well. Nothing will happen to Ghosn because his del with Europeans is complete, Similar to other situations, he will die before facing any legal authorities, perhaps staying in a prison for a few months in ultimate comfort, and he will continue his life with another identity on a remote land, perhaps an island in luxury.
@@DB-bk9tr "always one race baiter around. " Idiots who who can not read and react out of ignorance are in abundance. "There are CEOs that are foreign in Europe…." For what purpose?
@@Ronin-111 "Why are you so butthurt about this issue" About what issue? I am sure you don't even have a remote idea of what I am talking about. So, tell me what issue are you referring to.
"There are far worst villan out there pretending to be hero". - Thank you for shedding a light and this is MULTI BILLION DOLLAR WORTH TRUE! Whatever happened to Ghosn in Japan could happen to anyone anywhere in the world. Each countries make the law work for the benefit of the "elite"/themselves which makes it obvious that there's no such thing as "LAW" on this world. Justice is served only after this lifetime.
Justice Served Cold. Nissan out of joint to be "sold off" to Renault ..Like losing the war again. Fine print must have great board incentives, kept secret.. until further amalgamation deals proved non-generous. No one has internal on this, now suppressed (must have been embarrassing, with potential exposure to original "hidden buy-back incentives" that all board members were tempted into silently.. That was advertised clearly, now covered by damage control right up to the ministry of J. Entire planet elites, revolve thru a similar door. Its epidemic..meanwhile, Covid smokescreen
I enjoyed this thoughtfully written, and well-narrated video. You could do a weekly podcast on these sort of topics and I'd listen to them happily on my commute and work.
@@t_tylor9320 oh come on it’s RU-vid people don’t care abut grammar on here. They make it quick and short all the new generation do it they even add small words like wtf.
@@ddrupa you did the same mistake as the person who wrote this ^ comment. You have to put a "," before every different sentences. For example: "He had to go to school, and had a doctor's appointment today".
Yes he save the nissan but the true maker of nissan is fired and its a japanese creator so villain among many its time to japan now to take the company who its own not another peple :)
@@boycottnok1466 nope, firing people and closing plants are just part of it. And yes he did do illegal stuff but essentially compared to others he's basically like the 711 employee that took some chips home for himself for parties but theres an entire embezzling and bigger stock/delivery theft going on out back and by other staff and the management but everyone went down on him for taking a few bags of chips.
This video deserves so much more views. i was shocked that it hat "only" 13,8k views. Quality was definetly on par with videos that have over a million views!
Sounds like the reasoning of a Psychopath. Sadly in the world of cutthroat business there are no good guys and bad guys just winners and losers. Black and white thinking is an artifact of childhood and must be shed or it leads to an immature and distorted world view. (Example) When the only jobs available where you live are working for a large mining company which is destroying the local environment you have one of two choices. You can be a homeless starving hero or you can work in the mine and feed your family. This is the choice that all adults in western industrialized countries are forced to make. You can work for a capitalistic system that creates massive wealth yet contributes to environmental degradation and economic disparity globally or you can live like a dog in the street. Are you a villain if you chose to work, or have you and others been born into a system that compels you to conform and join the ranks of your fellow citizens in various economic enterprises. We are all forced to work for a system that exploits human capital, natural resources and captive market places. A sinless man is far too idealistic. He lives in a world of moral imperatives that are ill suited for survival in the real world.
Hari Nada’s leaked emails explicitly say that he was trying to “neutralize” Ghosn’s plan for a possible merger. Also Saikawa stepping down as CEO with no charges pressed. These two facts are all you need to know to people who think that these charges actually are the reason for his arrest.
This is just a cover up. What really happened is he lost a kengan match. Kengan tournament last a week. Coincidence? I think not. 🤯 A former green barret saving him? Sounds like he found his next fighter.
great sum up of this story. I am working in the automotive sector and been a part of the design team of Renault back in the days, when he turned the boat around! Indeed, he isn't the most correct business man, but it shocks to see, how corrupt Japan in general can be too! Well done ..regards Brian
I’ve followed this case from the beginning and this is by far the best and most honest portrayal of the story. Even if Ghosn is guilty, the potential sentence he faced was essentially life in prison and exponentially more than would have been justified. Personally, I agree that simply firing him would have been the only justified action. I once lived there. Japan is no human rights angel. In fact, it has a long history of human rights abuses. I would love to see a follow up on the Taylors who were extradited to Japan. They will endure years of hell in a Japanese prison. Personally, I was disappointed in the US for allowing their extradition to Japan.
Human rights? LOL! Whose rights? Barbarians talk about human rights when they invade a whole nation, while forging lies without even sweating to prove them, and bring that nation into the stone age and beyond, you are talking about an individual who stole from everyone LOL!.
@@squidproquo2241 Are you talking about Afghanistan? That country has been kept in the stone age since it was used as a proxy war in the late 80s by the Taliban. Iran is a tragic story that shows the world how garbage Islam is. Iran used to be considered the America of the middle east. Now it's a dumpster fire hell bent on building a nuclear bomb just to kill off Israel. Truly shameful since just earlier this year an anonymous online survey conducted by the Iranian government found that most people there don't even believe in Islam and just pretend to be Muslim. Iraq's been a shithole since the fall of the Babylonian Empire. Are Western nations perfect? Nope. The ideology of classical liberal principles are superior - individual rights and responsibilities, equal rights, freedom of speech, freedom of mobility, laissez fair capitalism. This is why the west is most successful. Again, it's not perfect, but it's the best we have so far.
@@hardleecure "Are you talking about Afghanistan?" First, you have to change your perception a little bit. I am not referring the US individually, when say "Barbarians." Second, I am not referring to a particular nation since there are so many of them. However, having said that, there was Iraq in my mind. You can add Somalia, a nation which was brought to disarray after Berlin Conference by the active attacks from Britishits. Lebanon, which was brought to disarray to secure the presence of Israel and be the guaranty of European dominance in that region. Rwanda also comes to mind, today that nation is in perils. Barbarians have a quite profitable business doing that all over the world., especially backed by the Dum Dviersas they discovered to keep their conscience clear from their false god (Money that is) as well. "That country has been kept in the stone age since it was used as a proxy war in the late 80s by the Taliban. Iran is a tragic story that shows the world how garbage Islam is." To the contrary Islam is not garbage but Europeans are. Islam is just a religion no different than Christianity or Judaism or Buddhism. However, Muslims are idiots to trust in the Europeans who blatantly built a replica of Westminster Abbey with the Big Ban clock on top of their most sacred place the Kabah. Unethical Barbarians who are brainwashed by the media such as yourself, will never admit that today's Muslims world is actually is the direct result of the Christian crusades which started to eradicate Islam and Muslims from the face of the world in the name Papacy i.e. the religious capital bank of western bigots (not god because if western Christianity would have been about god they wouldn't have destroyed native people wherever they invaded) "Iran used to be considered the America of the middle east. Now it's a dumpster fire hell bent on building a nuclear bomb just to kill off Israel." You are aware that the CIA of the USA and the Britishit MI6, brought down the democratic government of Iran in 1953, because the prime minister musaddiq wanted to nationalize the oil fields of Iran. After that the Puppet Dictator Pahlavi took control of iran mostly destroying all the infrastructure for the democratic practices. Then, Khoumayni who was backed by the Europeans, brought down Pahlavi, again. Khoumayni lived in France, and orchestrated his acts from there, until the taking down the dictatorship of Pahlavi. "Truly shameful since just earlier this year an anonymous online survey conducted by the Iranian government found that most people there don't even believe in Islam and just pretend to be Muslim." The true shame belongs to the western barbarians who truly are starting wars and destroying nations for a profitable business which they created themselves and oddly enough when there is no war the world economy comes to a stop. . "Iraq's been a shithole since the fall of the Babylonian Empire." Not really. Your history knowledge is quite dismal and what you know apparently is no deeper than what you learn from the biased media of the western bigots. "Are Western nations perfect? Nope." If only you could really mean what you say. "The ideology of classical liberal principles are superior - individual rights and responsibilities, equal rights, freedom of speech, freedom of mobility, laissez fair capitalism. " Then hwy are the native people are not allowed to govern themselves, but systematically destroyed everywhere where westerners rule? What kind of superior ideology invents the concept "Genocide" and practices it? What kind of superior ideology strives on wars but not peace? What kind of superior idology forces each and every individual to live debt? You are duped and made to believe in a lie bigger than any other history. "This is why the west is most successful." Nope. West is not moist successful in the first place, However west is successful in accumulating wealth, because they do not have ethics to be called civilised. At best, it is the regime of the barbarians who pretend to be civilized. "Again, it's not perfect, but it's the best we have so far. 3" Again, humanity in its worst state throughout the history. No nation no empire exulted unethical practices this much before the westerners. One example is enough to reflect the mentality of this western barbarians: Pharmaceutical companies. not to allow anyone to be able to treat themselves with remedies from nature, they try to monopolize nature and they try to keep people semi sick all their lives to secure their profit. You are right it it is not perfect. However, it is not only not perfect it is the most pathetic system that humanity could have applied with all the wealth accumulated. Instead of ending hunger, these they they are working to reduce the population of the world by mass murders. Perfect? You can not even come close mentioning it, much less admitting it is not.
@@squidproquo2241 im not reading all of that and this is the last thing i'll say about it. If you live in the west and have such disdain for it, nobody is stopping you from leaving and living elsewhere. If you don't live in the west, you just come across as someone that's salty and jealous, wishing they could have a life of excess. Anyway... whatever dude.
comparing to the corrupt politicians around the world still stealing money from government, I don't see him as bad as he is being portrayed. See his skills to bring back a company which is dying to being profitable. I like him...
This shows, how if someone is out to get you and they have any power you're in trouble. This man was running two major companies at the sometime , a lot of work
@@zam023 I agree he was greedy but at the same time he no more greedy than the rest of these people that run these corporations and he still wasn't making the same amount of money and some of those people were for the amount of responsibility that he took
@@plove552 Must be quite hard being the ceo of a rich conglomerate. While sacking 27,000 employees and being paid millions of dollars. Sure he turned the company around. Only after selling the farm.
Pretty on point from what I experienced and lived through while working at Nissan R&D NA from 2015 all the way to the end of 2020. After 08', all of Ghosn's cost cutting, culture merging, and collaboration of engineering resources began to suffocate Nissan from the top down. Couple that with the insane cash offered on the hood of the vehicles to meet his stupid targets and it was just a recipe for disaster created by a man who just wanted a legacy to build at the end of the day. Internally this R&D choke hold was called the "Nissan 88 Plan" --> 8% R&D Operating budget within 8 years (or something similar). Part of that was the infamous cost cutting or "Value Optimization" activities. Ohh my fucking god did that shit make me miserable as an engineer. They dubbed every Tuesday "VO Day" which everyone was asked to stop what they were doing on whatever project they were on and look for value optimizing ideas. Basically; Look for ways to cut cost on the vehicles and implement. In light usage; A pretty good way in liberalizing the creative process in a cost target way --> but just lead to some of the biggest time wasteful days in my entire career thus far. However, there's another part to the fact that Ghosn wanted to merge Renault, Nissan, AND Mitsubishi; The French government has a sizable investment in Renault (moreso even than the Japanese investment into Nissan you showed). This would have not only been a management hell for Nissan, Renault, and Mitsubishi higher ups, but would also have severely complicated things in a legal and financial sense for Nissan. They and Mitsu had every possible reason to want to get rid of Ghosn from that point besides a non-hypocritical one (which was the fact that ALL the executives were involved with juicing they compensations as Passi's investigation showed). The moral of the story?; Every company is vulnerable to if not already overrun with financial corruption and just overall being run by shitty people with meaningless ego trips.
And the sad thing is that nissan could have been a giant standing next to toyota and honda had they started on improving there quality and focusing on there well established costumer base, but the table just wanted to milk the cow..
@@lollerskates1992 they build good engine's but there transmissions are utter trash and expensive. personally i wouldnt buy nissan except for 350-370z but only because am willing to deal with there issue's, your better off buying lexus/toyota/honda or hyundai.
Nissan and Renault were in some sense Ghosn's children. He had been taking care of them and was invested in them as a parent would be. Imagine what it feels like to have your own children betray you and try to lock you up because they don't understand your love.
@@HouseofDrifting it is obvious he is not the ceo but the rest of the senior management is just as corrupt so it seems like a crummy company to support.
Great research, investigative journalism and presentation of this story. Can't understand why you only have 85k subscribers. Anyway, I appreciated your balanced but incisive analysis of the complex issues surrounding this case. Keep up the great work.
I was not really interested in watching your blog but it turned out to be an amazing, fabulous and fantastic research, so finally I did subscribed to your channel. Thanks I enjoyed watching it.
The comments here are hilarious "Ghosn is guilty because he introduced CVT transmissions and his car designs were boring", imagine having people like that in your jury at a trial!
Despite the fact that Jatco/Nissan was making their rubbish CVTs back in 1995, roughly 4 years before Ghosn got there, and were in development since the late 80s.
CVTs are the holy grail ideal transmissions, and the mistake was not introducing them to sports cars as a premium feature first. Don't believe me? Look up the Williams FW15C.
@@VenturiLife people dont understand CVT generally and keep judging it on stepped gearing conventional transmissions. Most consumers are concerned about ease of use, not an education about tech. It's the world we live in.
@@w花b which was necessary. Nissan was wasting *A LOT* and I mean *A LOT* of money of useless shhhht, companies and expenditures. Any person with a sane mind would side with the dude for firing them.
The scariest thing in Japan = Japanese law and court system. Basically, "if u r accused of something, You must be guilty, because why would anyone accuse an innocent person?" The nation is very corrupt, and the average Japanese person either knows and doesn't care, or simply doesn't care. It's horrifying.
Yeah they have something like a 99% conviction rate. Thats virtually unachievable without violating basic civil liberties, or convicting people of crimes they never commited. I wonder if Japan followed the rights given to people in the western world what their conviction rate would actually look like.
@@Jesse-um1pz conviction rate in Japan is basically 100%. Everything is prepared perfectly before the trial in order to get conviction. Even if it means violating someones rights, getting a false statement, or torture. All is game as long as u get 100% conviction rate.
When do we consider one's salary "suspiciously" high? I find the entire Congress's Salaries suspiciously high...especially after the $2000 per month raise they just gave themselves while the country is in shambles.
The whole thing is BS. If the board thought he wasn't worth his salary, they could have voted him out. Conspiring with the Japanese government to persecute him criminally instead strikes me as a deeply corrupt move, with perhaps some nationalist agenda behind it.
@@joesterling4299 It was a nationalist agenda. Nissan and Mitsubishi is integral to what we know about Japanese exceptionalism. Losing both of these companies and have them be junior partners under a French company will strike a big blow to Japan's economic prestige - and you wouldnt want to be known as the politician that left Nissan and Mitsubishi to fail.
A lot of people think of Japan as a very decent country in terms of corruption, well it is a big misconception. People, in general, are nice but their elites are not much different than the usual corrupt countries in Africa or Latinamerica.
@@mitsulegend Corruption in the UK is just "beautiful"!!! "They" don't even care and do it right in your face. Not so long ago, the UK Gov gave a maritime shipping contract to a company with no boats!!! the contract was later rescinded.
I think it's blatantly obvious as to why all this occurred; it's because of the attempted merger. He does a myriad of controversial things like massive corporate restructuring which led to the loss of tens of thousands of jobs over the course of a decade, yet the moment he tried to merge Nissan with Renault it all went to shit. If it was because he was a foreigner, the board would have kicked him out long ago. This kind of battle between the CEO and the Board / Shareholders occurs all the time in Japan, with Toshiba being a great example of that recently.
Well lets say for example a Chinese company merges with a US company and then ends up buying that company and taking all the jobs away from the Americans and massively hurting the US economy while benefitting massively himself and his own country; wouldn't that be a concern/problem? Japanese have every right to be concerned with foreigners taking advantage of them. Naturally a foreigner has no loyalty or allegiance to their country and can potentially even flee trial and punishment if he commits a crime (which is exactly what happened).
@@Bristecom You are all over complicating it far too much. It's not some grandiose loyalty to a country or whatever, it is as simple as crossing an arbitrary line that was set by the board. CEO vs Board and Shareholder can come into conflict and it can get ugly, especially when you're the board of a fortune 500 company.
@@makoy2689 I understand that but I'm just replying to people who claim it's only because he was a foreigner. They act like it's a bad thing to be suspicious of an outsider who has proven himself to do whatever it takes to benefit himself at the cost of their country/people. They should protect themselves from outsiders and also individuals in their own countries taking advantage of people (as they do). In Japan, CEO's are expected to basically go down with the ship. Japan Airlines CEO for example basically got paid nothing and just lived in a small apartment with no car for a while when JA was struggling in order to help keep jobs and turn the company around. Also many CEO's committed suicide when their company folded (sad). So when they see their company struggling while their CEO (especially a foreigner) is getting paid even more, they're going to suspect corruption/crime and want him gone.
Well I mean it’s their company. If your the ceo u can do anything. Someone being a ceo is not even close to being 18 and getting a manual labor job at Nissan. Just playing devil’s advocate
@@wasabigang3545 yes and i think everyone should stop working for them. But they won't because everyone is stuck in this trap of a money system and no one knows what they would do if they couldn't get food from the grocery store anymore or how to get a house without obligating yourself for 30 years. Everyone should work to be self sufficient regardless of what companies do, but it's still the dumbest argument that it's a CEO's company to do whatever they want and if they don't like it "They can just Quit!" CEOs don't live in a bubble. It doesn't give them a right to enslave people or steal from investors. And they will where no one stops them. The bigger bullshit gets, the more it gets on everyone, whether you're an employee, consumer, or bi-stander. It effects how society functions as a whole. And you're here declaring they have more rights than everyone else?
@@wasabigang3545. Yes because the entire company besides the CEO is comprised of 18 year old manual labor.... that's not playing "devils advocate" that's just spouting off with random nonsense.
@@trinsit Everyone should stop working so no one gets paid ? Very clever. The facts are companies are owned by shareholders and the executives are workers and as with all workers the terms of employment are in the employment contract together with the right of any worker to quit the job. Slavery is illegal. Very often with large companies the shareholders are either pension funds or the state, so The People are the significant owners, the tax man certainly receives his slice of the action. Being self sufficient doesnt fund the research that has progressed the human race. The Aborigines demonstrate the point. They didnt develop a supply chain that increases the yield of farming which enables the world to be fed, following your proposal they were still hunter gathers. If all humans worked together rather than letting greed get in the way, there would be a lot more progress but thats idealist and no one has the right to tell other people how to live.
Incredible video! You earned a subscriber! I am more likely to believe the CEO’s side of things. I’ve heard very bad things about Japanese prosecution and legal systems as well as their racism towards foreigners.
