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Nissan CEO calls on Renault to listen to details of Ghosn allegations

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By Naomi Tajitsu

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I have this feeling that these Europeans are going to look at what you did and the manner in which you did it, and not be able to respect it.

But this is about money and power and that, a big company does understand, so I’m sure they will be shaking over something soon enough.

In Japan’s corporate world to get caught and hung out to dry, you gotta have made the wrong enemies...or not be from here.

7 ( +11 / -4 )

"While Nissan is almost 60 percent bigger by sales, it remains the junior partner in their shareholding hierarchy to Renault, which owns a 43.4 percent in its Japanese partner."

Stupid deal, Nissan should be dissolved.

-5 ( +5 / -10 )

The Japanese want Nissan back now that it's firmly in the black thanks to Ghosn.

16 ( +18 / -2 )

We hope the board will listen to our explanation," Nissan Chief Executive Hiroto Saikawa told reporters

Why should they when you have not allowed that same courtesy to the man that saved your company, you slimebag?

sounds to me like a desperate plea to regain face and credibility after its been lost. they'll listen- maybe. Believe what you have to say...different matter altogether.

16 ( +17 / -1 )

A state-sponsored kidnapping, no less. Nissan has wrapped itself in the Hinomaru and the government is acting at its bidding, all because

The Japanese want Nissan back now that it's firmly in the black thanks to Ghosn.

21 ( +22 / -1 )

Nissan starting to look desperate.Everyday has the CEO flailing away on tv the justifications for their coup d'etat.Unless the French govt bail on Ghosn,Nissan is screwed however long they keep him locked up.

15 ( +15 / -0 )

Shareholders meeting ASAP!!! Shameful Nissan!

15 ( +16 / -1 )

Nissan presses to be heard by Renault while orchestrating the silence of Ghosn. Hmm ...

17 ( +18 / -1 )

Nissan tactics and Japanese "laws" not working on Renault or France

13 ( +13 / -0 )

As long this guy is still giving press conferences and doesn't take responsibility for Nissan's scandals of quality control and falsifying data, never mind lack of corporate governance, Nissan doesn't have any credibility whatsoever.

15 ( +15 / -0 )

with few truly independent voices capable of questioning its leadership 

That sounds perfectly Japanese to me.

8 ( +8 / -0 )

Of course he doesn't want a shareholders' meeting because Renault is the biggest shareholder!

6 ( +6 / -0 )

We hope the board will listen to our explanation," Nissan Chief Executive Hiroto Saikawa told reporters

Why should they when you have not allowed that same courtesy to the man that saved your company, you slimebag?

Spot on brother.

As long this guy is still giving press conferences and doesn't take responsibility for Nissan's scandals of quality control and falsifying data, never mind lack of corporate governance, Nissan doesn't have any credibility whatsoever.

Indeed, after his fake outrage at Ghosn running a one man show at Nissan, he sure seems to be doing exactly  the same. Refusing to listen to Renault demand for an extraordinary shareholder meeting ( which seems a logical step to take in this situation ).....guess Saikawa knows if the meeting is called he might be pushed out himself , which the sleezeball definately deserves.

The board, until last week, had been expected to name an interim chairman on Monday. But a panel of external directors put off their selection, deciding to prioritise measures to improve governance, a source familiar with the matter said.

A great example of  typical J-Inc board  (in)action... postpone making real decisions and instead establish some fuzzy "expert " panel to study improving governance for months and months.....How much are they getting paid for this?

13 ( +13 / -0 )

How is this dude that they kidnapped going to make a public comment when they didn't even allow him to see his lawyers. This totally a coup/mutiny by Japanese management that wants to take credit for all the work that he put into making that company profitable again. Screw the fact they ended up with non-voting shares. Why would anyone have wanted a company that was failing to vote on their board. They got you out of the black and now you are backhanding the French by treating him like a criminal without everyone being able to clearly review the evidence. This completely smells like this was a setup on their end from the beginning. They just waited till the company was making money. They just showed everyone that there is no point in investing in Japan if all they are going to do is sabotage their partnerships after they make a profit. Ya'll literally kidnapped a French citizen and fired him without him being provided any due process. I hope that France reduces any aid they are expecting to get in 2019. Even if he was dirty as hell he still deserves basic justice.

18 ( +19 / -1 )

People, especially in Japan NEED to get rid of the idea of companies having nationalities they are better & more ACCURATELY described as INTERNATIONAL companies.

It is amazing how it seems many cant comprehend how stock ownership relates to the parties that actually DO own a given company at a given time

10 ( +10 / -0 )

With the first deadline to let Ghosn come out coming up they're pretty desperate for Renault to abandon him but it looks like their plan didn't go as expected! I expect another 10 day extension so they have more time to "convince" the French, but if they don't fold and the 30th comes up Nissan is going to be in a very difficult position. Good on Renault for standing behind Ghosn and not bowing down to such obvious slime!

12 ( +13 / -1 )

There is something really sad about that photo. A single crappy table and an unlabelled bottle of water with an even crappier paper sign hung over the desk. He doesn't even have a microphone stand. Doesn't cast a very professional image.

13 ( +14 / -1 )

There is something really sad about that photo. A single crappy table and an unlabelled bottle of water with an even crappier paper sign hung over the desk. He doesn't even have a microphone stand. Doesn't cast a very professional image.

Noticed that too but I  think its a purposely orchestrated / managed PR  "look " to attempt portraying a contrast between the "new" austere , Saikawa led Nissan and the "excesses " of Ghosn era. You know, something Saikawa and his stooges hope will appeal to the shareholders and public.

12 ( +12 / -0 )

Nissan CEO calls on Renault to listen to details of Ghosn allegations

Is it an official court verdict right? Only one sided allegation.

Off course Saikawa can play it in Japan but not outside Japan.

13 ( +14 / -1 )

Is the microphone even hooked up to anything? Note the cable on the floor

13 ( +13 / -0 )

Saikawa looks very alone in that picture. Hope he is feeling that way too!

10 ( +10 / -0 )

Nissan in the great scheme of things. You cannot push the French to do your (Nissan's) bidding and have a (get on board) and down with Ghosn wave. The French are very capable of coming to their own conclusion on matters of misconduct.

Nissan has a 15 percent non-voting stake in Renault, whose biggest shareholder is the French state with 15 percent.

Nissan you will get absolutely nowhere with the French state. Ghosn is like I God to the French state and somewhat of a celebrity. Good luck trying to smear Ghosn with the French state shareholders. It will never happen. They simply love the guy.

Philippe Lagayette said on Friday that its board had not considered replacing Ghosn, Translation

Nissan. Ghosn is Renaults guy. Loyalty for you. It will not matter what Nissan and the Japanese courts find. Soon Ghosn will be free. Soon there is going to be a legal team that is going to literally shoot holes in this misconduct case and just make Nissan look foolish. I think therefore Nissan and the Japanese justice system is hell bent on keeping him locked up. I am surprised they have not tried to take his passport.  Nissan tread very carfully now. This may be the end of your loyal base of customers in overseas markets. Japanese will buy Nissan. This is fact. Everyday Ghosn is locked up. Your losing sales somewhere at some dealership.

@Akie

Stupid deal, Nissan should be dissolved.-Dissolved maybe a bit extreme. But corporate restructure or the sale of Nissan yes. But this will never happen. We can see by Nissan's behavior they are prepared to lay it all on the line for this misconduct case against Ghosn. It is all very confusing and so Japanese.

Nissan should really start to think about saving face at this point. Plead guilty to the indictment charges and pay the fine. Work out your issues with Ghosn with an amicable severance package and everyone just go on their merry way. It's over. Instead of spending money on lawyers and legal fees. Think about repairing your image and getting the corporation a bit healthier. Take care of your workers and be a bit more transparent. So there is not so much fear. Put forth a more kaizen, or continuous improvement approach that is workable for the workers and executives.  I want to see Nissan take the high road here and learn from this.

Ghson's retribution will be spending all his time energy and talent growing Renault and making Renault a major player. I think this whole experience with Nissan will just fuel his desire to one up Nissan every chance he and Renault gets.  Cause in the end. No one is going to see jail time. Just sever and end the alliance. Free Ghosen.

9 ( +9 / -0 )

Really starting to feel sorry for Ghosn. The guy has no way to get his side of the story out. He must be livid. Hope he's getting some good cheese to comfort him.

14 ( +14 / -0 )

I've found that when someone tells you "You never listen to me", they generally mean "You never follow my orders"...

13 ( +13 / -0 )

@expat.

Oh. I like that. Can I use it someday? Awesome.

9 ( +9 / -0 )

although he has not made any public statements since his arrest

As if he can actually even do that. He is in detention and re-arrested because they don't want him making public statements. What a shambolic farce this has become, even the Japanese media seems complicit . Instead of asking questions as to why he's still being detained they report as if he's been found guilty and sentenced already.

13 ( +13 / -0 )

@Jalapeno,

Yes, me too. Japan cannot do this I keep saying to myself. But they are doing it to the man. If memory serves me correctly. I think they can only hold him a while longer.

7 ( +7 / -0 )

Derrick SmithToday  09:04 am JST

“How is this dude that they kidnapped going to make a public comment when they didn't even allow him to see his lawyers.”

Where did you get the incorrect idea that he is not allowed to see his lawyer?

-15 ( +1 / -16 )

Carlos Ghosn hasn't spoken cause they are holding him.....duh? This is a wicked new low. There are two sides to every story and NIssan is trying to get ownership of it's company back. Even if it means, locking a human being up. Where the hell are Ghosn's lawyers? Somebody really needs to speak up for him and not let Nissan dictate the narrative of events.

9 ( +9 / -0 )

I bet France and the EU are regretting their free trade deal with Japan at the moment!

4 ( +5 / -1 )

I think there is no need to make a comment as he will be held anyway, no matter what he says at the moment. And the Prosecution, Nissan are digging themselves a deeper hole.

And still know charge? The French won't swallow the haf backed story being peddled with little or no evidence.

6 ( +6 / -0 )

one things for sure Hiroto Saikawa needs to be demoted to a windowless office , wouldnt trust a word or thing he does after this fiasco

9 ( +9 / -0 )

If Nissan has done this smartly, they would have been "shocked and embarrassed" rather than so eager to throw Ghosn under the bus.... At least they are very bad liars.

8 ( +8 / -0 )

Agree with everyone else here, not only does Ghosn have no access to his lawyers but he is being tortured too for a false confession. Can Japan get any more barbaric?

12 ( +12 / -0 )

A one man,Nissan Kabuki started by this man and he is now wasting time. Stop wasting time and be the one that is playing the bad Japanese back-stabber. We can see U. U started every thing. Yr ego and jealousy is too big that even u, do not what to do with yr bad character. Bad -mouthing Carlos just showed , who U are. A coward that cannot negociate properly and fairly in front of yr boss nicely without shouting. U resort to using everyone with u. Are the Nissan share-holders really going to let U be president and eat up their investments. Surely, not .I am definitely not investing my money until u are gone. U know, u have done everything except yr work in Nissan.

1 ( +1 / -0 )

I bet France and the EU are regretting their free trade deal with Japan at the moment!

I bet a lot of countries in TPP will be having second closely watching events.

3 ( +3 / -0 )

Saikawa was in Nissan since graduation. But it took Ghosn, a foreigner, to make the company work. Saikawa is clearly jealous and made moves to oust Ghosn. Now he wants to be seen as the proverbial hero.

Well Saikawa old chum - you failed!

8 ( +8 / -0 )

Ghosn has denied wrongdoing, media reports say, although he has not made any public statements since his arrest.

Perhaps because he hasn't been given the basic human right to defend himself against allegations?

It sounds to me that the Japanese execs can't understand why they can't influence the public court of thinking in France. They just don't understand that group-think and hysteria are not so easily whipped up outside Japan. It's just proof that group-think mentality makes people lazy minded.

7 ( +7 / -0 )

Ipanema BeachToday  01:20 pm JST

“Agree with everyone else here, not only does Ghosn have no access to his lawyers...”

He has access to his lawyer, who can visit him in detention.

-11 ( +2 / -13 )

His lawyer has access until 9am. After the mornings routine that does not leave much time? Hi, your alive?, yes it's cold. Family Said to say Hello. Sorry have to go it's 9.

5 ( +5 / -0 )

Does Ghosn have access to lawyer during interrogations?

0 ( +2 / -2 )

No lawyer during interrogations, and no recordings or video.

8 ( +8 / -0 )

Just read that article about Ghosn on WSJ. Hmm, there are some serious allegations and Ghosn better have all the right answers!!

https://www.wsj.com/articles/the-fall-of-the-house-of-ghosn-11545003310

-7 ( +2 / -9 )

Ghosn has access to a lawyer but not during interrogations which is pretty bad for a "developed" country.

I wonder why the interrogators are afraid to interrogate suspects in Japan with a lawyer present. This is something I do not understand and no one has been able to give me a defensible answer to this question.

4 ( +6 / -2 )

The injustice here is staggering! No access to any lawyer, brutal interrogations, forced confessions, how can the non Japanese population here stand for this?

He's obviously not guilty, how could anyone with such wealth and power risk all that by committing a crime? The reason can only be racism

8 ( +11 / -3 )

Dream on saikawa, U have been caught red-handed. U, joined Nissan after graduation, but U could not even save Nissan before Carlos came. He saved U, Yr co-workers & Nissan. U are a big greedy , egoist and too big even for yrself. U waited for the chance to attack Carlos, put him in jail, destroy his life & family & his happiness at 64 years old. We , good Japanese cannot forgive U. Only bad Japanese believe u. Until Carlos is released from his personal hell. the share-holders are not baka ( stupid ), we have eyes. we are fair and good Japanese will not tolerate this back-stabbing methods of yrs. U dig yr hole, now get into that hole and cover it up because u are smelling not only in Japan but in the world. Smelling real bad.

0 ( +2 / -2 )

I wonder why the interrogators are afraid to interrogate suspects in Japan with a lawyer present. This is something I do not understand and no one has been able to give me a defensible answer to this question.

Japan justice is about obvious crimes. Subtext is lost. After obvious crime they rely on confessions. They don't even use DNA evidence. For a financial crime they have to have layers of experts. That will not be police

0 ( +1 / -1 )

Article is already out of date. Other reports say that Renault is already moving to replace Ghosn.

The Wall Street Journal which initially described Ghosn as being subject to an inquisition has apparently turned against him.

https://www.wsj.com/articles/the-fall-of-the-house-of-ghosn-11545003310

If the URL above does not work for you, try this one.

http://archive.is/N9zRx

Writers here seem to be forgetting that even the Nissan board members appointed by Renault voted to dump Ghosn who is actually quite unpopular in France. The apparent reason for his alleged under reporting of his salary is that Renault stockholders and the French government thought he was getting paid far too much.

-2 ( +0 / -2 )

@bullfighter - Guilty or not, he still deserves his chance to defend himself against what could possibly be nothing more than slanderous allegations. And it is inhumane to detain him the way they have been doing without affording him a chance to form a defense. That is at the core of this story.

3 ( +3 / -0 )

If Ghosn is charged, he will have his chance to defend himself in court. His detention is no more inhumane than that of Japanese. Ghost has a long way to go before he is detained as long as some Japanese have been.

Ghosn can in fact consult with lawyers and it has been reported that he has hired some of the most expensive US and Japanese legal talent that money can buy.

-2 ( +0 / -2 )

His detention is no more inhumane than that of Japanese.

It's just as inhumane when it happens to the Japanese.

Ghost has a long way to go before he is detained as long as some Japanese have been.

That is completely irrelevant.

Ghosn can in fact consult with lawyers and it has been reported that he has hired some of the most expensive US and Japanese legal talent that money can buy.

I'm not sure why you are being obtuse. Sometimes apologists go too far.

0 ( +0 / -0 )

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