{"id":178103,"date":"2019-03-06T19:52:00","date_gmt":"2019-03-07T00:52:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2019\/03\/06\/mixed-emotions-6\/"},"modified":"2019-03-06T19:52:00","modified_gmt":"2019-03-07T00:52:00","slug":"mixed-emotions-6","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2019\/03\/06\/mixed-emotions-6\/","title":{"rendered":"Mixed Emotions"},"content":{"rendered":"
Carlos Ghosn, CEO of Renault and former  Chairman at Nissan, has been released from jail after 108 days<\/a>.<\/div>\n

He has been charged with tax evasion and embezzlement.<\/p>\n

I like the idea that a rich executive is being like the rest of us (good), but I have not doubt that if Ghosn were Japanese, he would have been released on bail about 107 days sooner: (bad)<\/p>\n

The former motoring titan Carlos Ghosn extricated himself from custody Wednesday after 108 days in jail. <\/p>\n

The Brazil-born former CEO of Renault and chairman of Nissan Motors paid one of the largest bail fees in the history of Japan \u2014 1 billion yen, or $8.9 million \u2014 to leave jail in Tokyo. <\/p>\n

Flanked by security figures, Ghosn emerged from the jail wearing blue workman’s clothes, a baseball cap, and a face mask as he headed to his new home, a court-approved house in Tokyo. <\/p>\n

\u2026\u2026\u2026<\/p>\n

Ghosn’s experience has been a humiliating one for a former CEO who commanded immense respect in the auto world. Ghosn in November<\/a> was accused of misreporting his salary and compensation having previously held top positions at the Nissan-Renault-Mitsubishi Motors automotive alliance. <\/p>\n

\u2026\u2026\u2026<\/p>\n

Prosecutors in Japan have alleged<\/a> that the Renault-Nissan-Mitsubishi Alliance chairman and CEO earned a salary of about 10 billion yen, or $88.7 million, from 2011 to 2015 but reported only half of that. Ghosn could face up to 10 years in prison and a fine of up to 10 million yen if found to have committed any wrongdoing. <\/span><\/p><\/blockquote>\n

The whole story is like watching your mother-in-law drive off a cliff in your brand new car.<\/p>\n","protected":false},"excerpt":{"rendered":"

Carlos Ghosn, CEO of Renault and former  Chairman at Nissan, has been released from jail after 108 days. He has been charged with tax evasion and embezzlement. I like the idea that a rich executive is being like the rest of us (good), but I have not doubt that if Ghosn were Japanese, he would …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[473,493,407,595],"class_list":["post-178103","post","type-post","status-publish","format-standard","hentry","tag-auto-industry","tag-japan","tag-justice","tag-society"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178103"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=178103"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178103\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=178103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=178103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=178103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}