4 ms·
The embezzlement charges didn't seem to make much sense when I took a look. Taken literally, sure, maybe he embezzled. But this is a guy who basically set his o
by 55555 5y ago
The embezzlement charges didn't seem to make much sense when I took a look. Taken literally, sure, maybe he embezzled. But this is a guy who basically set his own salary at whatever number he wanted every year for 20 years. And apparently there was a culture at the top of the company where the executives were able to spend quite freely using company money. If you are able to simply legally pay yourself more if you want to, the only reason you wouldn't is that you are under the impression you can simply use company money for personal use anyway. What's the difference, really? It's almost just an accounting issue; clarification for investors.
I read the articles a long time ago so I may be off by a bit but I recall that when I did the math Carlos Ghosn had a personal net worth of at least ~$115 million _at the time he was accused of embezzling just a few million dollars._ It's like a millionaire stealing $20,000. Certainly possible, but more likely to be some sort of misunderstanding given the circumstances.
I don't expect this to be a popular comment. But the charges never made much sense to me. And normally in cases of corporate embezzlement there isn't such a compelling alternate narrative/conspiracy to explain what happened.
- sharklazer 5y agoI read it the same way. You said it better than I could. It seems like an easy way to remove a Gaijin from a Nipponjin-position. Or maybe he made some other execs unhappy behind the scenes.
- fomine3 5y agoThis is Fair. For GP: > Why were none of the Japanese executives arrested? Then zero arrest is expected, or you have any suspicion?
- laurieg 5y agoSaikawa, the CEO of Nissan at the time of Ghosn's arrest, has admitted to being overpaid. https://www.cnbc.com/2019/09/09/nissan-ceo-saikawa-to-step-down-on-september-16.html https://www.cnbc.com/2019/09/09/nissan-ceo-saikawa-to-step-d...
- CalChris 5y agoMartha Stewart went to prison for insider trading to avoid a loss of $45,673. She was worth in the hundreds of millions at the time.
- bzbarsky 5y agoMartha Stewart went to prison for lying to federal investigators and obstruction of justice, not for insider trading. The "insider trading" (not actually a crime; the actual criminal thing in such cases tends to be "securities fraud") charges were variously dropped or dismissed by the court, depending on the charge. So she was actually innocent (in the legal system sense, at least) of the crime she was initially accused of, but guilty of obstructing the investigation. Similar to the Ghosn story, actually: he's guilty of jumping bail and whatnot no matter what's going on with the substantive issue of embezzlement.
- rendall 5y ago> Martha Stewart went to prison for lying to federal investigators Kids, if the FBI comes a-knocking, shut. Your. Fat. Fucking. Mouth. Ask for a lawyer and the shut the fuck up. It doesn't matter if you're innocent. If you talk to the Feds and make a mistake, you can be charged with a felony for lying to to federal agents. Did you talk to that guy on Saturday, May 20th, 2017? Who knows? The Feds do, and if you don't remember precise details, you got yourself a felony charge. Felony. Even if you are innocent of anything else, you lied to a Federal investigator. Shut up. Ask for a lawyer. And shut up. (I'm OK with the downvotes, if this helps someone remember to shut up and get a lawyer)
- sgift 5y agohttps://www.youtube.com/watch?v=sgWHrkDX35o https://www.youtube.com/watch?v=sgWHrkDX35o It's always shut the fuck up Friday. 7 days a week.
- baybal2 5y agoI advice you to reform the US federal criminal law. It's a glaring injustice that a completely random innocent person can be prosecuted for saying "I don't know"