Quote:
Originally Posted by AMG Power Absolutely no way. Not in this scenario.
Such actions would happen only when he has rubbed the Board (his equals) or external authorities the wrong way.
A leader as strong as Ghosn would have very easily sensed if there were any issues at his second or third line and dealt with it effectively not allowing it get to this state. His grapevines would be well oiled. He wouldn't have got to where he is if he were lame enough to allow that to happen.
Additionally it appears that his second line is actually rooting for him to remain in Renault while the government wants him replaced. Another indication of the political nature of this incident. |
How can you be so certain ? The guy was apprehended at an airport with a police force. Mind you this isn't a typical white collar apprehension where someone within the company puts you in line. This is a fully criminal conviction. Stopping an exec at an airport with the authorities is a huge indignity - and there have been much more sinful acts in recent Japanese corporate history.
And I've seen enough Japanese bullshit to know that the Japanese are far from what they claim to be . Japanese culture is generally associated with high ethics, morals, and values. The reality is they have their fare share of embarrassments.
There are a list of high profile Japanese companies committing fraud and lying shamelessly.
TAKATA, Kobe Steel (falsification of data to pass regulations), so on - so forth. The Japanese authorities involved in this have got away scot free despite being in a position of causing grave injury to the end-customer. This is a matter of killing someone if you approved an unworthy product.
Normally I'd agree with you, but I've seen enough cheap behavior from the Japanese to think they'd be forthcoming and act with total integrity .
I'm not saying Carlos Ghosn is clean, but I've seen enough to know the Japanese are far from straight. How can the senior management of TAKATA - which caused deaths by selling and approving faulty airbags get away with 0 jail time ? And just for under-reporting and using company assets Carlos Ghosn is apprehended at the airport with police that too in a surprise fashion with 0 intimation to him of unwarranted corporate conduct ?
- - Here's a list of recent Japanese corporate scandals, what Ghosn did is child's play compared to the sins committed by Japanese executives.
- KYB and Kawakin Holdings: The two Japanese makers of shock absorbers for buildings seperately disclosed in one week that they had falsified data on the quality of their shock absorbers since at least 2003 (2018)
- Toray Industries Inc: The company admitted to falsifying quality test data in a 149 cases between 2008-2016 (2017)
- Mitsubishi Materials: Company admitted to product data falsification at three subsidiaries for products used in crucial parts of aircraft and cars (2017)
- Kobe Steel: Falsified strength and durability data for its products at 23 domestic and overseas plants going back years (2017)
- Nissan Motor: Recalled more than a million vehicles because of falsified quality control checks (2017)
- Subaru: Falsified quality control data (2017)
- Mitsubishi Motors: Caught yet again for falsifying fuel economy tests (2016)
- Suzuki Motors: Admitted to falsifying records (2016)
- Asahi Kasei: Admitted to falsifying construction records for scores of large buildings which resulted in these building tilting over (2015)
- Toshiba: Serious accounting irregularities over the course of seven years discovered (2015)
- Lixil: Significant accounting irregularities uncovered (2015)
- Toyo Tire and Rubber: Company caught falsifying data on its products, leading to resignations of senior management (2015)
- Bridgestone: Indicted by the U.S. Justice Department, resulting in a $425 million criminal fine (2015)
- Hitachi: The company agreed to pay $19 million to The Securities and Exchange Commission (U.S.), which had charged Hitachi, Ltd. with violating the Foreign Corrupt Practices Act (2015)
- Novartis: Top Japanese executives at the Japanese unit quit after they admitted to falsifying data on the company' drugs (2014)
- Riken: Admitted to one of the world's worst scientific frauds, when it was disclosed that it had falsified research results (2014)
- Takata: Company found to have been hiding information about its defective airbags for tens of millions of cars, resulting in the largest auto recall in history (2014)
- TOKYU HOTELS and Takashimaya Co: The two companies admitted to food fraud and false labeling of food products (2013)
- Daio Paper: Financial irregularities discovered (2011)
- Olympus: Huge accounting irregularities going back years found by new British CEO Michael Woodford (2011)
- Nikko Cordial Corp: Significant financial irregularities uncovered (2006)
- Kanebo: Ceased operating as an independent company after discovery of falsified financial reporting (2005)
- Seibu Railways: Delisted from the Tokyo Stock Exchange after discovery of financial irregularities (2004)
- TEPCO: Company found to have filed at least 29 falsified reports with nuclear safety regulators since the 1980s leading up to the Fukushima disaster (2002)
- TOKYU CORPORATION, Snow Brand and Nippon Meat: These three large companies were caught intentionally mislabeling food products sold at Tokyu Store supermarkets and other places (2002)
- Bridgestone: Forced to recall millions of tires after the U.S. National Highway Traffic Safety Administration linked hundreds of accidents and at least 46 deaths to problems with the tread on its tires (2000)
- Mitsubishi Motors: Company revealed that it had covered up safety defects and customer complaints about its vehicles (2000). Four years later, it made further admissions of a broader cover-up going back decades.
- Long Term Credit Bank of Japan: Nationalized after it was found that the bank had been falsifying financial statements (1998)
- Yamaichi Securities: Filed for bankruptcy after accounting irregularities discovered (1997)
- Daiwa Bank: U.S. Federal Reserve ordered the bank's branches closed after finding that Daiwa, in collaboration with the Ministry of Finance, had hidden more than a billion dollars of losses (1995)