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Business & Marketing
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The Rise, Fall & Escape of Carlos Ghosn, CEO of Nissan

Essay Instructions:

This article assignment relates to an interesting story regarding Carlos Ghosn who previously masterminded the successful turnarounds of both Nissan and Peugeot and then became the CEO of both companies as well as helping Mitsubishi. Mr. Ghosn was known as a workaholic CEO and would fly back and forth (6,000 miles one way) each week between Tokyo and Paris where the companies are headquartered. He was considered a pioneer CEO with great vision and commanded a large compensation package. Then, in November 2018, Mr. Ghosn and a Nissan executive, Greg Kelly, were suddenly arrested after landing in Tokyo on charges of Mr. Ghosn understating his tax obligations. One of the primary tax issues in this case related to deferred compensation (Chapter 13 material) and it's disclosure. Mr. Ghosn and his aide, Greg Kelly, claim that they did nothing wrong. Mr. Ghosn believed that he would not be able to provide an adequate defense for his position and there was much publicity to support him regarding the alleged unfairness of the Japanese prosecution system regarding Mr. Ghosn's treatment as compared to US prosecutions. (Over 99% of cases that go to trial in Japan result in a conviction, usually based on a confession.) We don't see anything like that conviction rate in the US trial system.
Then, on New Year's eve of 2020, Mr. Ghosn arranged a daring escape to his birth home in Lebanon with the help of a team of people including a former green beret literally involving planes, trains and automobiles and a large musical box. He is currently still residing in Lebanon.
Instructions: Read through the following two articles (the second one was published last month) and short videos and comment on your impressions of this story. There is no required length here. I just want you to be exposed to this case.
Inside Carlos Ghosn’s Great Escape: A Train, Planes and a Big Black Box
https://www(dot)wsj(dot)com/articles/inside-carlos-ghosns-great-escape-a-train-planes-and-a-big-black-box-11578445084
Carlos Ghosn Blasts Tokyo Judge Who Called Him Greedy (WSJ- March 3, 2022)
https://www(dot)wsj(dot)com/articles/carlos-ghosn-criticizes-judge-in-trial-in-tokyo-of-former-nissan-aide-11646317343
(Links to an external site.)

Essay Sample Content Preview:

Carlos Ghosn’s Story
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Carlos Ghosn’s Story
In my view, Carlos Ghosn’s scandal was impactful; it made Nissan realize inevitable losses. Remarkably, after Ghosn’s escape and the scandal’s outcome, the company experienced a fallout that took considerable time to recover fully, making it scramble from the adverse effects. When there is a noticeable shake in a renowned company serving a global market, it is not practical to hide whatever happens. Similarly, performance is always likely to lower significantly, harming competitive advantage in the industry. Nissan’s yearly sales reduced substantially, and consumers continued losing confidence in the automobile company as more undesirable issues were unveiled. Following the aftermath, Hiroto Sai...
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