The automobile industry's biggest scandal; the rise and fall of Renault-Nissan's Carlos Ghosn
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- čas přidán 26. 03. 2019
- Once almost royalty and among the most admired automobile executives in the world, CarlosGhosn (pronounced Ghon), found himself in a jail cell in Japan. Did he really cheat his employers of $115 million as claimed or was it a conspiracy by the Japanese, who were jealous of this Lebanese-French outsider coming in and ruling their world? Watch this comprehensive video on the rise and fall of one of the automobile industry's biggest names, a modern day Lee Iacocca, who saved thousands of jobs in a country that is now out to vicitmise him. Stay till the end and enjoy the limerick. #CarlosGhosn #ghosntrial #nissanmotors
Sources:
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Reuters
Carlos Ghosn granted bail by Tokyo court after 100 days; Ma Jie & Lisa Du; Mar 6, 2019
#Renault names new leaders as Ghosn resigns; Jan 25, 2019
Ghosn offers to wear e-ankle tag for bail; Jan 22, 2019
Ghosn received $9mn improperly from Nissan-Mitsubishi JV: companies; Jan 19, 2019
New allegations against Ghosn concern payments to Saudi businessman,December 27, 2018
#Toshiba CEO quits over accounting scandal; Ritsuko Ando; July 21, 2015
#NewYorkTimes
Amy Chozick and Motoko Rich The Rise and Fall of Carlos Ghosn,, November 20, 2018
#Bloomberg
Ghosn to reimburse Versailles Palace for 2016 wedding costs; Feb 2, 2019
Carlos Ghosn says he’s a victim of ‘plot’ by Nissan executives; Jan 31, 2019
Emmanuel Macron Can’t Afford to Stick By Carlos Ghosn; Lionel Laurent
January 17, 2019
Prosecutors indict Ghosn on fresh financial misconduct charges; Jan 12, 2019
In Ghosn’s jet-set world, a $129mn fortune is peanuts; Kae Inoue, Anders Merlin, Jie Ma, Jan 10, 2019
After Nissan, Ghosn on way out in France with Renault said to plan ouster; Jan 1, 2019
Ghosn’s Homes Spanned Globe. Nissan Is Seizing Keys, December 11, 2018
Carlos Ghosn’s missing $70mn: Governance @ Nissan; Jason Clenfield & Yuki Hagiwara; Dec 6, 2018
#Nissan CEO Turns on Mentor Ghosn in ‘Despair’ Over Misconduct, November 20, 2018
Financial Times
Japanese airbag maker Takata files for bankruptcy; Kana Inagaki, June 26, 2017
Wall Street Journal
Toshiba CEO Resigns After Accounting Scandal; Takashi Mochizuki, July 21, 2015
Yahoo Finance
Wikipedia
Agencies
Ghosn walks out of jail in cap, face mask; AFP; Mar 7, 2019
Ghosn claims innocence in 1st appearance since arrest; Jan 9, 2019
Ghosn will surprise with his version (Times of India); Jan 7, 2019
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Bisbo's Limerick:
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Don't forget to watch Bisbo's Limerick at the end of each video, that neatly sums up the topic.
Carlos Ghosn saved Nissan from the brink
So when the cup runneth over, he let himself drink
Why couldn’t he just ask
Before filling his flask
Why did he have to do this; what did he think?
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I live inJapan as a foreigner and I tell you the double standard is amazing here.
Good research.
Sarcasm
Hahahah.
I love boom
The man is brilliant. His achievements far outweigh his not - proven scams. Shame on the Japanese for not giving him a fair trial. Shame on the French Government for keeping silence all along. He already ranks among the top CEOs in the automobile industry's history. I hope he will be released.
He did an impossible job of saving an iconic Japanese company like Nissan.. Isn't that more important than a measly $115m he presumably stole, even tho I disagree he stole anything at all
Hmm and the video stated that other japanese embezzlers were let go along with the faulty design let off with a simple apology. What to judge here I am stuck....
Japan is one of the most Racist country . They are afraid of foreigners.
@@Ranjith_747 India is worse. Forget about foreigners we are racist towards our own citizens.
@@akshanshchoudhary7397 maybe its only you.
@@akshanshchoudhary7397 so well said,so true.i can relate and feel what you trying to say
If this man was in India , then he would be a Demi God.
Incredible perseverance, despite the money he siphoned, its seems like pocket change to what we hear about in India.
Like vijay maliya or nirav modi!
@Another MGTOW Monk people like you are a shame mate. Its this way beacuse of people like you only.
@Another MGTOW Monk which country are you from mate
@Another MGTOW Monk let me guess portico
If you keep voting for people who Doesn't care for your country, then yes
Wow, spot on research. No one knew Ghosn had an indian accent as a child.
Subbed.
🤦
This is how they repay him after he saved their sinking company, hope it falls back into ruins.
The fall has already started for Renault-Nissan. Mitsubishi my goodness is already busted.
Well nissan's cars build quality and technical prowess is been going downhill even since 2010 till now...it is only time before it dies a natural death or gets gobbled by another japanese manufacturer
I don't call it as a scandal. He helped the company and made big profits.
What Japan did to him was really unnecessary.
Thats y people die there due to overwork.
Thats why less ppl go there... U are paid less and u overwork...
Oh shut up! Worry about your own war you ass.
your research is evident and your animation above par. Subbbbed!!
Thanks Oraro
Your presentation is amazing, which makes every content interesting to watch again...
Wow, so good to hear. Thanks Sai Kiran
Yes the final siphoning of extra 30 % was a crime but so is the government saying what the salary of a CEO could be ..
It wasn't the govt as a governing body but the govt as a minority shareholder
Excellent research, and great content.. I was hooked..
You are very well informed and such an amusing narrator 😊 keep up the good work
thanks for this really... put 60 minutes of research for me in 15 minutes and well explained. cheers
Welcome Nader
Thank you for the detailed video... Appreciate your efforts
An excellent channel I come across. Never compromise your quality. ❤
Who's here after his great escape
I don't know why i have not seen your channel before? You make outstanding and quality videos.
Now I feel that every corporates is corrupted in a way or another.
Ur channel Is amazing ...also lol I find the voice overs hillarious
Maybe coz he tries to do all accents together 🤣
Really very informative it shows your hard forcollection of information to make videos
Thanku for video on this topic 👌❤️
Amazing Animation supported by an equally precise narrative . Congratulations
True.
I think he was operating according to world industry standards.
Moral of the story ... Don't become so greedy ..... And after success come back to your country....... Because in outside world Al l are Fairweather friends.....
The Japanese did him dirty. They didn't want a foreigner upsetting the current order. Do you think for one second the rich Japanese CEO's aren't doing the same thing Ghosn was but on the DL ?
@kl wies watch the video carefully, it shows Japan's double standards on foreigners. Thought Japan is a friendly country for foreigners, have changed my thoughts.
@kl wies then why takata & toshiba's officials were only left with fine ? While miilons of airbags were affected in cars affected atleast 16 got killed. Don't u think, I have not done my work by my side
@kl wies cause ur mind is injected with filthy nationalism, idk wjat kind of shittt culture is that. But u r keeping people's life behind a monetary issue. Is your point even valuable ? Those officials should've have been sent life improvement for killing people if ghosn is jailed for using public money.
@kl wies
In simple terms, you want to dictate how much CEO should earn from their own company. But by doing so, this make you nore or less dictatorship, isn't it? He bring the company back to life, how he want to manage is his own freedom to do so. Do not give the bullshit on he does not respect their cilture therefore he is not suitable for that salary. Without him, Nissan fall, million of jobs lost, but people loke you want to backstab for the people that help you.
Japanese CEO is not saint either, they too spend much on hostess club etc. Invest in offshore etc. One of the easiest to know about Japan politics, you can read on Akumetsu manga. Specifically telling the problems in Japan.
Wow...bisbo makes even the difficult story into a interesting and understandable one...
I want to meet the animators man!! Just perfect..❤❤
Wonderful presentation howbdo u make the animation
This is an excellent video with balanced information. I fully support Ghosn but some evidence presented here is difficult to ignore.
Complete his story now...running away from Japan to Beirut in such a classic James bond style.
The saying "Impossible - I'm possible" is only made for him
He turned around so many companies and gave stable job. How many people can say that. He has the right to earn that kind of money. And my assumption is he would have used the money to fund his own venture.
Wow bisbo.. salute to your efforts. You really saved us a lot time.
Thanks Vishwesh.
Keirestu Killer 😂 the way bisbo told it was beautiful 😂
Hardest choice requires strongest will- Thanos
Carlos Ghosn rules for success:
Rule #1. Buy an automotive company known for their reliability.
#2 talk a good game using the word ‘quality’ but cheapen the products and make them less reliable to make the cars ‘profitable’
#3 wrap it in a nice looking body and add cool features
#4 attach a bogus warranty to it
#5 sell to unsuspecting buyers
#6 once the public catches on to the scheme, add another brand to the mix and repeat steps 1 through 5.
#7 pretend to solve defects by words and little action.
#8 always use the phrase “new and improved”.
#9 when the crap hits the fan reiterate the need to make “profitable cars”
#10 merge all the companies together into one conglomerate of a intertwined brand making junk on a grander scale.
RENAULT = NISSAN = JUNK!
and now, RENAULT=MITSUBISHI=JUNK!!
Thankfully, his butt is in jail where he belongs!
Looks like you had one helluva bad experience with a Nissan car.
@@BisboWorld Renault ruined Nissan reliablilty its car was as good as Toyota, honda which are always better than german and US cars but now ghosn is gone Nissan cars will surely get good in future quickly.
Bisbo
That’s all u think u see? U fail to see the junk company Carlos turned Nissan into? Perhaps your glasses are selective and incorrect because I have never owned a Nissan.
BISBO.... you cleared my doubts.... a video is better than a thousand articles!
the content of the video is astonishing with all the red flags and facts. Wish to see many more
Good video.
But I have to tell a funny thing,
While watching this video
I got an ad from Nissan lol 😂😂
Mine too
Dude make a vdo on operation blue star and khalistan movement....
Also one vdo on emergency declared by Indira Gandhi please
That accent though 😂😂
Lmao ikr
There’s nothing wrong with the accent. It’s just we are brainwashed about what is the “right” accent.
🤣🤣🤣🤣
It's very irritating. Speak normally. What's the problem in that?
Oo u have British accent
Brazil and Lebanon organizations were funded many times thru Nissan money, they love Ghosn of course!
What u mean by Nissan money ? It's Renault-Nissan only.
@@Torque_India They r together but thats not how these corporations work. Nissan really wish to leave Renault even now, but Renault wont let go. Nissan was bought up by Renault backed-up by French Rothschild Fam. nortonsafe.search.ask.com/web?q=rothschild+renault+nissan&o=APN11908&prt=cr&chn=prev
Auto industry is also a territory of Cabal globalists. True stories regarding Nissan n Renault hardly seem to introduced in overseas medias as Cabals controls world's medias. Japan is lame nation its a slave nation of USA ( US is controlled by Freemason, but it means Japan is also under the same force. )
Japan's National Bank does not belong to own nation. After the 2nd War, Rothschild became the half of shareholder.
But before the war, it belonged to John Rockefellor Jr. as he had a tie with F. Roosevelt thru William Lyon Mackenzie King( canadian).
Look at Japanese money(1000 yen bill) also has an eye of providence design - you will only realize this by taking it under a light and see thru. And some of the noble ppl in the bills were said to be FM members.
And ClA have kept installing non-Japanese Prime Minister in my country after the war.
A few exception, but most PM have been Korean descends. Kishi(Abe's grandfather), Fukuda, Noda, Hatoyama, Ozawa, Koizumi, Abe, ....all Koreans, but they hides the facts. Someone in the US Govt officials surely knows this. Its US's profit to install
Korean PM in Japan cos they are much ease to sell out Japan. But you should remember US also doesnt belong to Americans, but Cabals.
@@Torque_India ppl outside does not know this but the half of the fund given to Fukushima Tsunami Aid from other nations and corporations via Japanese Govt was tossed to US Govt. NGOs in my country only protested on the streets, but our medias were silent. Japanese medias are warned to come to US embassy if they write anything to hinder US.
its a piece of cake for Cabals to destroy local Asian medias.
@@Torque_India i will delete all of these soon as youtube belong to google Rothschild. i will not allowed to login if i talk too much truth.
I worked at Nissan, for 18 years.! You just have to work there to understand.!
In what sense？
Impressive. Subbed!
Nicely explained.. Great..
Thanks Damodar
Very well drafted bisbo
Thanks for all the info in such simple style :)
Welcome Abhishek
The whole thing was a Setup. It was obvious from day one. Company leaders in any industry when faced with some sort of problem within the company no matter how big always keep it quiet as the real bosses are the share holders and what share holders hate the most is bad publicity as that will affect the share price. For it to come out like this not as an outside investigation but as Nissan blowing the whistle on themselves was the biggest red flag ever. No company would wish for this kind of story to hit the air, they would even go as far as to sue the whistle blower and gag them. Look at VW and Dieselgate, can you imagine the late Ferdinand Piech calling a press conference and tell the whole world 'Oh we have been lying about the NOX emissions and its all on WinterKorn'??. The whole thing was a shambles to begin with. I am all for seeing a Fat cat die by the sword if they have done wrong but Carlos Ghosn is not one of those men.
Yes, it does seem paradoxical that they would blow the lid themselves.
like your videos man 🙂
That Dutch company, called NMBV, is Nissan-Mitsubishi BV (BV is the same as Limited in the UK, So Nissan-Mitsubishi Ltd.)
Exceptional Video Quality, Underwhelming Audio quality.
great vid 👍
Well composed story.... Well done 👍
Thanks S3
Bisbo will you do another one now that he is released ...
Great content bisbo!
Thank you sir
A Master in his game , who could change rubbish into precious
People who cannot match them are after their life ,
Need to learn from this master
Bisbo, please make a video about John Lasseter. He's the Carlos Ghosn in the animation field.
THIS WAS AN AMAZING STORY
Thanks Shantanu
I find this episode more interesting as work for Nissan for a year.good information.
Japanese, they never make compromise on their values, culture, tradition and discipline. That's why they will go long way. That's why they recover quickly after every devastation
Bullshit. Have u heard of chikan groping?? Japan is the most depressed country in this world
Hello Bisbo...Can u make a video on Diseases of tomato, how, why and how to manage those diseases
Pls do something like this to malya and modi..
Sreejith SL ya man
BTW amazing animation, a lot of effort put in. Some details of the story in my opinion is not accuarate as it paints Ghosn as a money hungry scammer in some scenes which I would strongly dissagree with. Please upgrade the Audio quality. More Damping required.
Thanks Lee. Yes, we’ve upgraded audio quality since then. Also working on his escape story.
Loved your story
He is mistreated by renault and nissan. And i think many are jealous by his success.
This is a good story 👍🏻
That was a beautiful landing
There is a thin line between profit and greed. Also when on top the line is constantly moving.
Good content but you need a better microphone to record your audio.
Nice Info guys....
Your accents are very funny....hahahahahaha
Excellent
The world are full of stories of men who fall from grace. The japanese system of handling financial crime and in case of Ghosn is least of all fair. However, Ghosn have committed similar white collar crime in the USA prior to this, breaking the SEC regulation to amass his fortune, he was fined millions and banned to do business in America for at least 10 years. So there is a pattern of his financial dealings to break the law.
Japan being fair or not is a legitimate question. That doesn’t mean that any man can commit a crime systemically and be excused just because he has done successful business earlier...
Very good 👍
Smooth music Namaste
If mr ghosn doesnt take the money he could use it to revive the silvia, make a new Z, hot hatch n more interesting cars
you are doing great job bisbo
Japan should consider
His contribution to Japan
And industry
He suffered much
You are simply the best. Better than all the rest.
Wow. Thanks Mark
Excellent video but poor audio quality
Please make a video of the biggest financial scam in bangalore till now that is IMA scam .
The main reason for his arrest Is his desire to merge renault and nissan
I think nissan's reliability went down hill when they merged with renault. Not the same no more.
Japanese English accent is hilarious because they don't speak Engrish like that! 😂
Very nice
Creation is like that if one is brilliant he won’t be trust worthy,and if a fool he could be trusted but can’t expect better results
But see the condition of Nissan now, I am big fan of Nissan I like them as a car enthusiast but now they are slowly-slowly fading off. No new good cars are coming out from Nissan's fleet only re-bagged Renault's and Nissan's own 16+ year old GTR. Well recently they announced for the new 400Z hope it will help to revive Nissan.
Discrimination exists everywhere.
Why that video was removed
technical error on sound
@@BisboWorld pls slove that and reupload asap!💐💐
This is the most accurate portrayal of why Carlos goshn is getting screwed
Hi
Thank you.
You could have covered more on the Strategies he adopted to revive Nissan from Loss, apart from the mention of Layoffs.
I prefer to call them *"The Tri-spoke of Death."*
Good Video
His life story is fit for a Hollywood movie
Could u make a video on 2g scam
No there should be a video on Rafale scam!
Itna $$ to rahul gandhi apne ghar me rakha hoga
Good topic bisbo
Thanks Shashi
Love u bisbo
The stories are interesting please use a better voice for narration.
Great content. But the narration and audio needs to be worked upon. I am halfway the video and bored because the quality isn't great.
You are the best
Thanks
Good One Buddy
So...he had the experience of making his company escape from bankruptcy... before sketching a plan for himself to escape.. :)
He was the man who restored Nissan, but Nissan threw out their own savoir.