Arrest of Carlos Ghosn Caused Nissan To Cancel Debut of Long-Range Leaf

What is it about people who already make many millions of dollars that they then have the desire to risk it all to nefariously make more.

Shame about the long-range leaf... maybe we'll see it in Chicago?

I understand the delay in announcement, but I had also read and I think it was in Bloomberg where the release date of the long range leaf was still on track, just the announcement to the press and at what show was now delayed. Will have to find that story.

43 minutes ago, Drew Dowdell said:

What is it about people who already make many millions of dollars that they then have the desire to risk it all to nefariously make more.

 

Shame about the long-range leaf... maybe we'll see it in Chicago?

I always think the same exact thing. I just don't understand it. 

What did he do wrong here? I don't remember reading anything on it other than a Nissan executive being arrested or whatever. 

I guess I should say, what was he spending the company money on? 

1 minute ago, ccap41 said:

I always think the same exact thing. I just don't understand it. 

What did he do wrong here? I don't remember reading anything on it other than a Nissan executive being arrested or whatever. 

Shady things like charging the company for personal expenses to the tune of millions. Backdoor arrangements to get paid more than the salary cap the board set. Apparently not declaring his proper and full income in Japan to their taxing authority.

Just now, Drew Dowdell said:

Shady things like charging the company for personal expenses to the tune of millions. Backdoor arrangements to get paid more than the salary cap the board set. Apparently not declaring his proper and full income in Japan to their taxing authority.

Jesus, I just don't get it. It isn't like he's "only" making 100k a year(only being for a exec). Making the exact amount they probably were paying is astronomical amount so why do you need to steal more? If you're that dissatisfied, ask for raises(I know it's a different situation being an executive) or look for a job elsewhere where you feel like you'll be valued better. 

3 minutes ago, ccap41 said:

Jesus, I just don't get it. It isn't like he's "only" making 100k a year(only being for a exec). Making the exact amount they probably were paying is astronomical amount so why do you need to steal more? If you're that dissatisfied, ask for raises(I know it's a different situation being an executive) or look for a job elsewhere where you feel like you'll be valued better. 

Sounds like part of his con was using company funds to decorate/maintain 5 houses/apartments in 5 different countries also.  And reporting only $44 mill of income in Japan when it was really $88 mil for 2016 or something like that. 

4 minutes ago, ccap41 said:

Jesus, I just don't get it. It isn't like he's "only" making 100k a year(only being for a exec). Making the exact amount they probably were paying is astronomical amount so why do you need to steal more? If you're that dissatisfied, ask for raises(I know it's a different situation being an executive) or look for a job elsewhere where you feel like you'll be valued better. 

He was the CEO of three companies simultaneously... one would think the pay from that would be enough.  I mean, the nicest car he can drive is going to be a QX80, but still, that's not so bad.

It does make me wonder... if it was allowed by the company but "if you're caught it's all you" to reduce their income and with that if others were doing the same. 

I wouldn't expect it but you never know.

17 minutes ago, Robert Hall said:

Sounds like part of his con was using company funds to decorate/maintain 5 houses/apartments in 5 different countries also.  And reporting only $44 mill of income in Japan when it was really $88 mil for 2016 or something like that. 

So then 5 different woman, one in every port as they say?  ? 

Totally agree, one has to wonder what the hell is wrong with someone that makes more money in a year then 99% of the rest of society and he still needs to steal? ?‍♂️

Wow.  Product development is dependent on one man's approval? That is really stupid.  Hopefully the new guy will actually fix the product development issues and get the newer Leaf out to market.

Nissan was asked about it by auditors in 2013.  The auditors were told everything was copacetic.  It all reeks of a setup.  And the announcement wasn't anything important anyway, the arrest is just an excuse.  Who cares about the Nissan Leaf anyhow?