Nissan/Renault honcho Carlos Ghosn (pronounced “gon”) is gone. He has agreed to resign as chairman and CEO of the Japanese-French car conglomerate – apparently from his room at the Hotel Graybar in Japan, where he has been in residence since his arrest back in November on charges of extra-curricular pocketing of funds he may not have been entitled to.
But this is the guy who saved Nissan – which came even closer to death than GM did back in ’08 – and turned the company into a massively successful operation.
Arguably, he earned whatever he was paid – and then some.
Unlike, say, GM’s Mary Barra – who receives something on the order of $20 million annually as GM shrinks in the United States and grows in China, the latter funded on the American taxpayer’s dime. (Yes, they “paid back” the loan; but the money was loaned for the purposes of rebuilding GM in America, not for building GM in China at the expense of America.)
It’s interesting to observe – and consider – how success is punished in the car business these days, while failure is richly rewarded.
Tesla, for instance – vs.VW.
Takata – vs. Roxor/Mahindra.
Ghosn may well be a bastard and a greedhead (disclosure, I don’t personally like the guy) but no matter what you think of him, he didn’t run the shop into the ground.
Who, exactly, has been harmed here?
Elon Musk performs what is very arguably criminal fraud – he has taken something like $900 million in deposits for cars he hasn’t delivered, for years – and nothing happens. No frog marching in leg irons, no Hut! Hut! Hutting!
But VW executives are treated as if they actually were “pedos.”
It is very interesting.
The same is true of Ghosn and the Japanese Uncle. That Uncle is aroused to great and vengeful anger because Ghosn tried to hide money (and other valuables in kind). Which the company was – apparently – trying to give him as thanks for services rendered.
He didn’t mismanage the company or filch the pockets of the taxpayers, either here or in Japan (as both GM and Tesla continue to do).
I don’t know how you feel about it, but Ghosn didn’t do anything to harm me – or any other innocent victim – as far as the reporting suggests, at least. And it is inarguably he did a lot of good for the company, which means for the many thousands (tens of thousands) of people who work for it, directly and indirectly. Also for Nissan’s customers and shareholders, who got cars they wanted and (in the case of shareholders) saw their positions improve on account of those sales.
But he is nonetheless in a cell.
Elon and Mary, meanwhile..
. . .
Got a question about cars – or anything else? Click on the “ask Eric” link and send ’em in!
If you like what you’ve found here please consider supporting EPautos.
PS: Get an EPautos magnet (pictured below) in return for a $20 or more one-time donation or a $5 or more monthly recurring donation. (Please be sure to tell us you want a sticker – and also, provide an address, so we know where to mail the thing!)
My latest eBook is also available for your favorite price – free! Click here.