ZEENAT MOORAD: Ghosn, going, gone
Nicknamed ‘Le Cost Killer’ after reviving French carmaker Renault and the chief architect behind the Renault-Nissan-Mitsubishi alliance, Carlos Ghosn’s story is a spectacular fall from grace
If anything, 2018 will go down as the year of corporate crookery. General Electric’s Latin America CEO was arrested for fraud, Danske Bank’s chief resigned over what was probably the largest-ever money-laundering scandal in history and Theranos, once the darling of Silicon Valley start-ups, went from a valuation of $4.5bn to $0 after its founder and its COO were charged with defrauding investors, doctors and patients. I’d be remiss if I didn’t mention our own disgraced executive, Markus Jooste of Steinheist fame. With New Year’s Eve fast approaching, one would assume that the sun had set on high jinks for the year. Alas, I present one more case of corporate impropriety. Nissan chair Carlos Ghosn (pronounced "gh-own"), one of the auto industry’s most powerful executives, was arrested in Japan this week after an internal investigation. He will be fired for allegedly underreporting his income, using investment funds for personal gain and illicit use of company expenses. He’s the guy cr...
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