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The Japanese sabotaged him to get ride of the French influence on Nissan which is kind of ironic considering that’s what saved them in the first place. They are

The Japanese sabotaged him to get ride of the French influence on Nissan which is kind of ironic considering that’s what saved them in the first place. They are now doing their best to sabotage Renault’s chances in the EV market. It’s an interesting lesson of international business: don’t ally with the Japanese.

jasonhansel 4y ago
To be clear, there is absolutely evidence that Ghosn violated the law: https://www.wsj.com/articles/the-fall-of-the-house-of-ghosn-11545003310 https://www.wsj.com/articles/the-fall-of-the-house-of-ghosn-...
- skrtskrt 4y ago
  Sure but it seems likely he’s the foreigner fall guy for something rotten across the company executive levels. Japanese megacorps are so intertwined with the government it strains belief to think that everyone was clean except Ghosn
  - bluepizza 4y ago
    They were not clean. They admitted their guilt and made deals.
Andrex 4y ago
"don’t ally with the Japanese." Turnabout is fair play. "In 2014, Emmanuel Macron, then France’s economy minister, pulled a devious stunt under the country’s protectionist Florange Law which doubled the voting rights attached to the French state’s 15 per cent stake in Renault. If this had stood, it would have given the French government ultimate control over Nissan, making it hostage to French political exigencies such as unemployment or the agitations of the gilets jaunes. In the end, Macron’s power grab was limited by the Nissan board, with Ghosn’s support, but the manoeuvre shook the Japanese, and played into suspicions of yet more perfidious designs on the part of the French." Source: https://www.lrb.co.uk/the-paper/v44/n02/james-lasdun/fishing-for-potatoes https://www.lrb.co.uk/the-paper/v44/n02/james-lasdun/fishing... Maybe "don't ally with foreign corporations" is a more accurate truism.
- WastingMyTime89 4y ago
  That’s just LRB garbage. The Florange Law is not protectionist. It’s in favour of long term investments. That’s the usual right wing tosh from the UK press. The Florange Law doubles the voting rights of everyone holding shares for more than 2 years. That includes the Nissan shares in Renault so the balance between Nissan and the French state remained exactly the same. Plus Renault only holds 45% of Nissan. They don’t have a majority.

jasonhansel 4y ago

To be clear, there is absolutely evidence that Ghosn violated the law: https://www.wsj.com/articles/the-fall-of-the-house-of-ghosn-11545003310 https://www.wsj.com/articles/the-fall-of-the-house-of-ghosn-...

skrtskrt 4y ago
Sure but it seems likely he’s the foreigner fall guy for something rotten across the company executive levels. Japanese megacorps are so intertwined with the government it strains belief to think that everyone was clean except Ghosn
- bluepizza 4y ago
  They were not clean. They admitted their guilt and made deals.

Andrex 4y ago

"don’t ally with the Japanese." Turnabout is fair play. "In 2014, Emmanuel Macron, then France’s economy minister, pulled a devious stunt under the country’s protectionist Florange Law which doubled the voting rights attached to the French state’s 15 per cent stake in Renault. If this had stood, it would have given the French government ultimate control over Nissan, making it hostage to French political exigencies such as unemployment or the agitations of the gilets jaunes. In the end, Macron’s power grab was limited by the Nissan board, with Ghosn’s support, but the manoeuvre shook the Japanese, and played into suspicions of yet more perfidious designs on the part of the French." Source: https://www.lrb.co.uk/the-paper/v44/n02/james-lasdun/fishing-for-potatoes https://www.lrb.co.uk/the-paper/v44/n02/james-lasdun/fishing... Maybe "don't ally with foreign corporations" is a more accurate truism.

WastingMyTime89 4y ago
That’s just LRB garbage. The Florange Law is not protectionist. It’s in favour of long term investments. That’s the usual right wing tosh from the UK press. The Florange Law doubles the voting rights of everyone holding shares for more than 2 years. That includes the Nissan shares in Renault so the balance between Nissan and the French state remained exactly the same. Plus Renault only holds 45% of Nissan. They don’t have a majority.