Ghosn warns Nissan will fail after 'dirty game' to oust him
Nikkei -- Apr 09
Carlos Ghosn has accused Nissan Motor executives of sacrificing the interests of the company by playing a "dirty game" to oust him as chairman, in a video statement recorded shortly before his fourth arrest in Tokyo last week.

"I'm worried, because the performance of Nissan is declining and I don't think there is vision for the alliance being built," Ghosn said in the seven-minute video, which was made public by his defense lawyers on Tuesday.

Dressed in a suit and white shirt, Ghosn spoke calmly in the video and while he did not mention any Nissan executives by name in his accusations, he was scathing about the direction of the company.

"Frankly, sitting around a table being consensual about a decision, this is not a vision in an industry as competitive as the car industry," he continued, describing Nissan's recent performance as "absolutely mediocre" and pointing to a decline in share price. The stock price has declined about 7% since Ghosn's arrest last November.

"You need to show the future," Ghosn continued. "People who say [leaderships is] either consensus or dictatorship, they don't know what leadership is about."

Ghosn said this "plot" was driven by "a few executives, who for their own interest and selfish fears, are creating a lot value destruction."

"Names? You know them. We are talking about people who played a very dirty game."

The remarks were Ghosn's boldest criticism against Nissan since his arrest in November. Nissan formally ended its 19-year relationship with the former executive when it voted to remove him from its board at an extraordinary shareholders meeting on Monday. Ghosn was rearrested for the fourth time last Thursday on fresh allegations of improperly using company funds, this time allegedly to pay an Omani distributor for his own benefit.

News source: Nikkei
Oct 16
As a fuller picture of the damage from Typhoon Hagibis emerges, Japan faces weeks of delays in restoring some train service, but supply chains weathered the storm relatively well, attesting to the rise of disaster planning. (Nikkei)
Oct 14
Digging for buried treasure has never been so fun, it isn’t often said that all you need is the push of a button and riches could fill your pockets. (newsonjapan.com)
Oct 12
A Toyota Motor group finance unit will issue Japan's first zero-rate corporate bond Oct. 25 as subzero yields spill over from government bonds to private-sector debt, which carries the risk of default. (Nikkei)
Oct 11
Japanese retailer Seven and i Holdings announced on Thursday a major restructuring plan. (NHK)
Oct 11
Japanese investors celebrated Akira Yoshino's Nobel Prize win by purchasing stocks associated with the lithium-ion battery the researcher helped develop. (Nikkei)
Oct 09
Nissan Motor has appointed senior vice president Makoto Uchida to be its next president and chief executive officer. His predecessor, Hiroto Saikawa, resigned in September over his overcompensation. (NHK)
Oct 09
Masayoshi Son’s startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. (Japan Times)
Oct 09
The Chairman of Kansai Electric Power Company, Makoto Yagi, is said to be considering stepping down in connection with a money scandal. (NHK)
Oct 08
Hardly a day goes by without news of SoftBank Group Chairman and CEO Masayoshi Son. The global technology investor is convinced that the future belongs to artificial intelligence, but he is also dissatisfied with his performance today and what he sees as a lack of drive in the Japanese business world. (Nikkei)
Oct 08
Japan's corporate culture traditionally demands long hours, commitment to the company, and frequent drinking sessions. Peer-pressure is still there, but a younger generation of workers is beginning to abstain. (dw.com)