By Felicity Duncan
Having a crooked man at the top is not a good look for any organization. After the chair of Nissan Motors, Carlos Ghosn, was arrested on Monday on financial charges, the reeling car company announced immediate plans to remove him from his post.
Ghosn, who is widely credited with the financial rescue of Nissan through its successful alliance with Renault and Mitsubishi has reportedly been charged with filing false financial statements and concealing his earnings from tax authorities. In the wake of the charges, both Nissan and Mitsubishi are looking to cut him loose. It’s a reminder, as if we needed another, that not all bad guys wear masks and carry guns.
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Stunning fall from grace: Auto titan Carlos Ghosn faces being fired by Nissan-Renault-Mitsubishi alliance after being arrested in Japan over allegations of financial misconducthttps://t.co/TiUTd0d9OF pic.twitter.com/6urL32wAAF
— AFP news agency (@AFP) November 20, 2018
In Premium today, you can read about the biggest financial scandal that no one is talking about. You can also get the latest on Brexit – the shape of the Brexit deal has major implications for the South African economy, and so far, things are not looking good.
