If you’re a business leader living in Japan who can speak English, there’s no doubt you heard about the fall of Carlos Ghosn. Mr. Ghosn, the Lebanese born, Brazilian raised, French leader was famous in Japan for coming in and cutting costs to help Nissan from the brink of bankruptcy.
Ghosn and Michael Kelley, his close lieutenant, were arrested in Tokyo for lying about their finances. The Western media and many highlighted the fact that Japan prosecutors can basically hold someone indefinitely while they investigate an issue (without filing charges). Truly, this is a problem, but Japan is famous for being a safe and orderly country for a reason.
What exactly happened to Carlos Ghosn?
Early on, in November 2018, there was a lot of speculation about how the former icon was arrested. However, the Wall Journal took a deep dive into investigative reporting to flush out the facts. You can read that for yourself here. But what exactly happened? Here’s a quick compilation we did here in country via Japanese and foreign readily available information.
- Ghosn overstayed his welcome as the boss of Nissan. 63 years old.
- Ghosn overstayed his welcome @ Renault as well, causing hopeful successors to leave the company and creating a leadership vacuum
- Ghosn was under pressure in both Japan and France not to show too much income as both societies look down on over-paid CEOs (ie. American companies such as Tim Cook @Apple, Robert Iger @ Walt Disney, Mark Hurd @Oracle, Brian Duperreault @AIG to name a few)
- Ghosn began to live on Nissan’s money, with houses in Lebanon, France, and Brazil and expensive jets to fly him there.
- Ghosn represented a move to make a major Japanese company subservient to a lesser French company they felt was a parasite on their performance (despite financing the return from the brink of bankruptcy years earlier.
- A European shell company was made to move around Nissan money.
- Ghosn was trying to hide income. Never mess with the tax man.
Some people outside Japan assume that he was arrested for being a non-Japanese. That’s just completely wrong. The fact of the matter in Japan, you don’t want to get on the wrong side of the law whether you’re local or international (ex. Mr. Horie of Livedoor). The conclusion from those of us in business in Japan is that the Ghosn case will not decrease the number of non-Japanese CEOs working in Japan. It will just make people a bit more sensitive about how they try to move money around.
No doubt the Ghosn story will continue to unfold. His detention has been extended again. He should be taken to trial, not under continued arrest without charges. However, if you’re at a publicly traded company, you’d better not be gray with the corporation’s finances.
The attack, stall, and delay tactics by US Senate Democrats has achieved the goal at least temporarily.
The attack on Judge Brett Kavanaugh’s integrity was distracting. However, the politicians picked the wrong guy to attack. Who would of guessed he kept a detailed calendar for 50 years and know where he was and what he was doing most of his life.
The sex abuse stories that they encouraged have continued to fall apart. The latest from major news media.
In a memo released Sunday, experienced sex-crimes prosecutor Rachel Mitchell flagged numerous inconsistencies in Ford’s testimony, saying that her case against Kavanaugh was even weaker than the typical “he said, she said” scenario. Specifically, Mitchell noted that Ford repeatedly changed her story as to the number of people at the party where she allegedly was assaulted, and could not remember certain key details like how she got home or whether she had given her therapist notes to The Washington Post just two months ago.
None of the witnesses Ford named as present at the house, including her lifelong best friend, has backed her claims. Additionally, Ford admitted under questioning by Mitchell that she travels regularly on airplanes, even though her team had cited a fear of travel as a reason she could not promptly come to Washington, D.C. to testify. Ford also indicated under oath she was not aware that Senate Republicans had publicly and privately offered to fly to California to interview her — a disparity that Sen. Lindsey Graham, R-S.C., vowed to investigate.
And Swetnick seemingly has changed her story on whether she had first-hand knowledge that Kavanaugh intentionally plied women with alcohol so that they could be gang-raped decades ago. One of Swetnick’s ex-boyfriends also has questioned her credibility, exclusively telling Fox News that she once threatened to murder his unborn child and “exaggerated everything” to get attention.
A separate ex-boyfriend has also said in a sworn statement to the Judiciary Committee that he does not believe Swetnick, and claimed that Swetnick’s father intimated she has mental health issues.
Swetnick’s lawyer, Michael Avenatti, has called repeatedly for the FBI and Senate investigators to interview his client, even as major inconsistencies in her account continued to surface Tuesday. Swetnick was sued in 2000 by her former employer for allegedly falsifying her educational experience, and she also was accused of fabricating sexual harassment episodes.
On Tuesday, Mike Davis, who works as the nominations counsel for Grassley, reportedly told Avenatti: “We have already reviewed your client’s allegations. We focus on credible allegations. Please stop emailing me.”
Above quotations from here.
Fiery confrontation between porn lawyer Michael Avenatti and seasoned law professor and best selling author Alan Dershowitz.
It’s great to see get out there and do great things in music, entertainment, and research. However, there’s a time for everything.
Great business know when to run and when to build. Pictured above is a former Japan heart throb (Takuya Kimura or ‘Kimutaku’) in j-pop music. He’s over 40 now and attempting a come back. His fan generation is not interested.
Great business people become great because they’ve got the timing element nailed.
(BrightCitizen.com) Donald Trump has told us repeatedly that other countries need to pay their fair share for defense. When discussing the United Nations it is true that the United States has been paying most of the bills for military related activities and more. However, Trump has leveled the same judgment on the US military bases in Japan.
Japan pays for 50% or more, for everything at the US bases in that country. If the US government does not think that is enough of the costs, it should consider phasing out and closing the bases. That would cut costs and also give the Japan government a chance to show what they’re made of.
From collaborative websites and a survey of the comment section of various news sites, it is clear the the public isn’t buying the pre-election release about him being a pervert. Interestingly enough, Judge Moore’s wife isn’t buying the story either.
Bill and Hillary Clinton’s marriage was certainly a marriage of convenience. They may have married for love back in Arkansas, but that love was long gone with the string of women that Bill went after as he seemed to have no intimacy with his wife. Of course, men also must not succumb to temptation if they have a healthy relationship with their wife. However, a relationship with no romance between the husband and wife is DOA. Hillary defended her husband as he was her gravy train. Now, the media reports that they mostly live apart.
For Judge Moore, his wife Kayla Moore is vigorously defending him. Why? If she thought he were a pervert, she would certainly not be living with him, nor would she go out and campaign side by side with him.
The leftists are trying to smear Judge Moore and American’s just are not ignorant of the scheme.
Alabama will elect Judge Moore and will soon have Senator Roy Moore!