TomZ Posted January 12, 2019 Share Posted January 12, 2019 7 hours ago, espo said: When you gamble and lose you lose. You don't go biting the hand that feeds you because you made the wrong bet. You, sir, do not have what it takes for a high-level executive position. Quote Link to comment Share on other sites More sharing options...
espo Posted January 13, 2019 Share Posted January 13, 2019 I got my new issue of Road & Track in the mail yesterday. The reason I mention it is that there is an editorial inside the back cover from Bob Lutz every month. For those who might not recognize the name, he has been involved in the upper management of several different automotive manufactures and often answers questions from readers about different aspects of the automotive business. This month he has a very insightful explanation of a CEO's and their almost universal expectation of their entitlements. I think this is a good description of Mr. Ghosn. Quote Link to comment Share on other sites More sharing options...
tim boyd Posted January 14, 2019 Share Posted January 14, 2019 5 hours ago, espo said: I got my new issue of Road & Track in the mail yesterday. The reason I mention it is that there is an editorial inside the back cover from Bob Lutz every month. For those who might not recognize the name, he has been involved in the upper management of several different automotive manufactures and often answers questions from readers about different aspects of the automotive business. This month he has a very insightful explanation of a CEO's and their almost universal expectation of their entitlements. I think this is a good description of Mr. Ghosn. Good 'Ol Bob always has something to say, and often I find his insights in his Road and Track column parallel mine.... to varied degrees. In this case, I thought his description was pretty accurate of some CEO's, not certainly not all of them. In the case of Mr. Ghosn, I don't believe we've come close to learning all the pieces of the situation, both from his and Nissan's perspective. TIM Quote Link to comment Share on other sites More sharing options...
fumi Posted January 14, 2019 Author Share Posted January 14, 2019 Ghosn admitted that he got Nissan BoD to pass the motion to cover the FX contracts for non-Japanese directors "for the good of the company". He also admitted that Nissan Middle East paid his acquaintance around 1.6 billion yen for "legitimate services that was beneficial for the company", which mostly amounted to greasing up the dealings with government officials and business partners behind the scene. He also admitted that the Lehman Shock was something "no one could ever possibly foresee in their lifetime". For common folks like the many retirees here who got duped into buying the "very secure" Lehman Brothers mini bonds, the only choice would be to suck it up and see their retirement funds go down the drain. Yet if you are a high-flying executive, you can just ask the company to pay for your mistake, all for the sake of the company. Quote Link to comment Share on other sites More sharing options...
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