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Post by humphreythepug on Nov 19, 2018 12:46:45 GMT
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Post by PG on Nov 19, 2018 13:55:12 GMT
Just read this. The Japanese are like the US in these situations. They don't mess about.
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Post by ChrisM on Nov 19, 2018 14:00:53 GMT
Just read this. The Japanese are like the US in these situations. They don't mess about. Indeed - witness the recent case of Olympus Optical who got rid the the Brit CEO who whistle-blew on their accountancy irregularities. The BBC refers to Ghosn as having the nickname "Cost-killer" yet I am sure that when I worked in the automotive industry in the late 1990's, Ghosn was already known as "Le Cost-Cutter".
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Post by Roadsterstu on Nov 27, 2018 19:13:23 GMT
I'm quite glad this happened because up until his name was being mentioned in the news I had no idea how it was pronounced.
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Deleted Member
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Post by Deleted on Jan 20, 2019 23:16:08 GMT
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Post by Bob Sacamano v2.0 on Jan 21, 2019 8:41:21 GMT
I think the differing way the Japanese board and the Renault board are handling and viewing this says a lot about the different ways these sort of backhanders are viewed in different cultures.
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Post by racingteatray on Jan 21, 2019 12:30:46 GMT
I'm of the view that there's as least as much Nissan politics to this as any Ghosn wrong-doing.
And it shines a very unfavourable light on the Japanese legal system.
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Post by racingteatray on Jan 21, 2019 12:32:55 GMT
I think the differing way the Japanese board and the Renault board are handling and viewing this says a lot about the different ways these sort of backhanders are viewed in different cultures. Japanese corporate culture is no stranger to corruption. I expect Ghosn's real sins here are not being Japanese and having overreached himself thinking that he could Nissan to a full merger with Renault, which the Japanese were not prepared to countenance. I think there is very dirty work afoot here.
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Post by Bob Sacamano v2.0 on Jan 21, 2019 12:49:12 GMT
I think the differing way the Japanese board and the Renault board are handling and viewing this says a lot about the different ways these sort of backhanders are viewed in different cultures. Japanese corporate culture is no stranger to corruption. I expect Ghosn's real sins here are not being Japanese and having overreached himself thinking that he could Nissan to a full merger with Renault, which the Japanese were not prepared to countenance. I think there is very dirty work afoot here. In Japan before they would even consider detaining him in the first place (it has taken them over one year before they even detained him) they would have had to have a very solid case. I'm sure he's familiar with Japanese income reporting rules but that does mean to say he can't make false reports and not be picked up for it for many years, especially if it is property and other means of income other than his salary. I think the tax dept on japan usually only do audits every 5-7 years and it is my guess that he was going through an audit first and that's when they started finding inconsistencies (they said the investigation started over a year ago). This is not the first time that the tax department has looked at the allegations of Nissan buying real estate for his personal use (2013), but at that time it was said that it was not for Ghosn's personal use. But now it seems that the properties in question were in fact his personal use and should have paid tax on them. Obviously, it's not illegal to have your company buy property, it has to be used by the company and not a single person like the CEO. I think this is where opinions are differing especially in Ghosn's camp. I think he's fucked. .
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Post by racingteatray on Jan 21, 2019 13:33:02 GMT
I expect so. But do you really think this isn't Nissan politics?
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Post by Bob Sacamano v2.0 on Jan 21, 2019 14:05:25 GMT
I expect so. But do you really think this isn't Nissan politics? It certainly could be. My father had a company supplied flat off Princes Street in Edinburgh for 8 years. It was supposed to be for anyone in the company to use but he used it exclusively, and the whole family odd weekends - in fact I lived there full time for the last 2 years. I'm sure someone with an axe to grind could have made a case that he was receiving significant benefit in kind that he wasn't paying tax on. Who knows what verbal agreements were made with Ghosn in Nissan's boardroom regarding this properties that are now been wound back to enable the tax authorities to skewer him?
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