An Insider Revealed Nissan's Secrets, Then Faced Its Wrath
ฝัง
- เผยแพร่เมื่อ 29 มี.ค. 2021
- Nissan Motor Co.’s former top lawyer, who led an internal investigation into alleged financial misconduct by Carlos Ghosn, said he endured retaliation, demotions and even surveillance of his family after questioning the integrity of the probe. Former Global General Counsel Ravinder Passi, speaking for the first time about the fallout from the arrest of Nissan’s celebrated ex-chairman, describes a corporate culture rife with fear, intrigue and reprisals for those who step out of line.
#Ghosn #Storylines #BloombergQuictake
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Your background music sucks so much....
how about NO
Omlookm
HELL NO
FUKK NO
As the saying goes, vacation in japan is heavenly, but living and working in japan is a hell no
Japan, a nice place to visit.
It's hell in every corporate world....
@@kessin3641 its a different hell in japan
Tell that to Logan Paul
@@karanlakhwani7173 logan visited japan with no respect to the country and to its people. You can try logan's logic and idea in any asian country with taboo issues. I guarantee you will get the same or worst treatment.
_"Love your job, but never fall in love with your company because you never know when the company stops loving you"_
- Narayana Murthy
So true, if they decide you need to go they will do so in a heart beat and think nothing of it.
@@splint3048 *... still sounds better 100X than kidnapping your rival's daughter - like the US did to Huawei *
But you see...the company never loved you.
Blahamakakhjshjkdnj
@@mickkrever4084 You keep spamming this but even 10 seconds of research will tell you the situation was nowhere near that simple. Is this a CCP troll?
The fact that none of the Japanese executives at Nissan, who not only signed off on all of Ghosn's compensation agreements but also took part in lining their pockets, have been charged with anything speaks volumes.
Japanese justice is not gonna charge Japanese executives
Well, those who control the economy control the country. That's why china government has more than 50% stake at literally almost all major companies in china.
Oh well, look at where nissan’s sales is now, i wouldnt be surprised if they fall off to selling their comapny or merge with a other soon.. they had it coming.
It’s no different than American courts and corporations. Corporate law is far more complicated than you’re capable of understanding. It’s very difficult to pin wrongdoing on individuals in the company unless there is specific evidence of specific crimes. It’s the same in Japan.
@@HCG No, you are wrong. I'm a lawyer and have lived/worked in Japan for 27 years. There was no evidence of any crimes by Ghosn or Passi, yet they were incarcerated/harassed. The police didn't do any investigation they just sandbagged the gaijin because that's what they were told to do by the Japanese executives at Nissan. That's how a Confucianist system works, not by the rule of law but by the respect and obedience to the elite. Gaijin can't be elite in the Japanese system, so they are easy targets for racist Japanese.
this is just disgusting. An honest employee being harassed just because he dug a little deeper.
Silent war while doing business, because they need to gather cash for the country.
Makes you think about how many people looked the otherway with diesel gate...
check out australia and usa and uk record on jailing whistleblower. lol and reserve your disgust for that.
No it’s the Japanese way
Welcome to America
This story just keeps on giving. This has to turn into a movie.
With Carlos taking over the government of Lebanon :-)
@@johnl.7754 And with Nissan stage a coup in Japan
It will ... Calos gives "coincidentally" an interview last night at a brazilian talk show, where he talk about his recent book about this history and apparently it it going to have a movie. It's a very calm conversation. Unfortunately it is not in english yet.
this could have happened anywhere in the world. its under a spotlight becuase its in Japan and the tragic heros are white.
@@jazzbeats8168 nop... Actualy it is a consensus the Japanese justice system it is really bad, bordering the human rights...
Such a shame for a company with a rich history. As they say a fish rots from the head down.
makes us question the history !!
Do you think this only happens to nissan this is happening pretty much to any big corporation politics always follows where money is involved
Every big company is the same
I dont think that is accurate
Nissan has been my favorite car company since forever, but I won't be surprised if they go bankrupt. I won't be as sad, especially after watching this video.
The Greedy corporate mindset ruins everything. They probably focus their efforts on making cheap cars to trap people in money pits so they can make a quick buck. The secrecy and manipulation is the worst part. Now looking at the Nissan sports cars I used to love isn't the same, feels like it's made by criminals. Which they are.
Definitely is a shame for a company with a rich history.
Every now and then I come across an article, story or documentary to remind me that there's no such thing as "corporate loyalty". I'm very thankful for them.
Had an offer from Sony as intern in Japan, very tempting but I remembered Japan is basically the shittiest place to work.
They work their employees till they die.
I mean if you can get a job in a foreign company in japan that could be nice , that's just what I hear though
@@dan_6915 There is even a word for it there yikes
@@dan_6915 Karoshi! overwork death. The fact that they also have hikikomori says it all. Lovely country to holiday but that's about it.
@@whatnextkai1294 they have about 700 thousand hikikomori rn.
Nissan - "Hey, lets get an investigator to figure out what's happening"
few months later.
Nissan - "I don't like what I see, get rid of him by any means necessary!"
You nailed it !!!
@Pedro Daniel Lopes Ferreira doesn't mean it's right
@Pedro Daniel Lopes Ferreira Where was this at? Most labor boards in any state would never allow this. Were the employees illegals?
@Pedro Daniel Lopes Ferreira Wow sorry to hear that. Sounds like the fruits of socialism. The Unions push for similar agendas in the US. The Unions are always backers of Democrats and the left. Trump had this starting to turn around. Interesting point, he also had Japan paying their fair share into worldly organizations.
Being morally correct will leave a company broke and bankrupt.
This is why, when ever you got evidence. Make backups and have a deadman switch.
This. Learn how to use cryptography to your benefit. Seriously.
he was too naive, or too afraid
Hopefully, Ravinder Passi made backups from his laptop.
@@milahu Most probably the latter.
The guy worked at Nissan for 16 years, a UK lawyer, and was a a Senior General Counsel of Nissan.
@@azizaomar4508 lol why he was afraid ? Can u explain?
What secrets exactly lol? How to make a CVT thats guaranteed to break down within 20000km?
The most true thing i ever heard!
IKR?
I was planning to buy a new Nissan X-trail, but after seeing this I changed my mind.
Nissan!. you owe me 30,000.. you sold me a lemon.
Lol this so funny because I am actually looking to buy the same this week, but might go for a KIA lol
Yeah I'll never buy a Nissan again
How do you know other brands don't do the same?
Your a bit shallow look at the other car companies
I worked for a Japanese company for 12 years, in Tokyo. I won't name names because they have long, yakuza arms... Needless to say, it is WORSE than what this video shows. There is actual violence.
I had people come to my house, too... not police... some kind of "muscle" who also seized my phone, etc.
ところで日本語話せるからさ..."あんたは日本語できないのせいでしょ"って言えないよ
@@JerjerB Just because you can you can use google translate, does not entitle you to not only double post, but triple. There's an edit option; Use it.
@@kaydog890 Google translate? Try googe translating what I wrote... You're just an ass.
こういう人 来ると思いました だから日本語で書きました。。。,かわいそうな日本 するのは何でもいいと思う外人だな
@@kaydog890 何回も ポスティングしてもいいし、お前地獄行けよ
If you've bought an Altima with a CVT, you would want him arrested too
Out of curiosity, do you know any other manufacturers with CVT problems? It's been a while since I last checked, but I saw Toyota, Honda, and Subaru were mostly fine.
I live in the north with salted roads. Both of the rear lower control arms snapped on my Altima.
They were kind enough to extend my warrantee, after a federal investigation, without telling me why.
Fortunately, i was driving slowly up a back road in the snow when the first one broke.
Then i had to look hard to find out why.
@@CBourn48223 Did you find out why? Was the Altima more susceptible to salted roads than usually expected, or was that a normal event for other cars too?
@@Slavolko It is a flaw around the welding that is only affected in salted areas, which is how they got out of having to recall them here in the U.S. Mine is a 2013 once it starts to crack along the weld you will hear a popping sound when you hit a bump.
You can crawl underneath it and look at the back part that connects to the body for signs of stress. When it breaks you lose control of the vehicle.
@@CBourn48223 I'll keep an eye out for that. My roads don't use salt as much as gravel and sand, so it should last longer.
Fun fact, in japan 97% of trials end in convictions, so everyone takes plea deals. Because you can't fight the japan legal system. Once you are accused you are guilty no matter how rich or famous you are there's no way out of it. Japan is actually kind of scary in some ways.
In America people take plea deals for similar reasons but the judge does not tell you you're guilty the moment you walk into the courtroom, and if you choose to fight in court you have decent odds if you are innocent. Especially if you have money.
the concept of due process does not exist in the land of the rising sun.
I heard, dunno if its true, majority of that conviction is because the accused confess, or more often than not, made to confess.
@Rickie j crushing the testicles of Nazis seems fair enough
Singapore worse than Japan. East Asian countries have high conviction rates. State power and pride is more important than the individual.
It's because they don't even bother to prosecute people unless they have them dead to rights. Unlike in the US where they have a flimsy case but it's the tax-payer footing the bill anyway so let's give it a try, maybe if the jury is on our side we can squeak out a conviction.
This is a reflection of the Japanese proverb 出る釘は打たれる／”a nail that sticks out gets hammered down”.
nice
“A bird stick its head out will get shot” in Canton
Is this a Naruto reference?
@@manumusicmist oof
Underrated.
Nissan's board of directors looks like a wasps' nest...but it's great that these things are made public. Ravi was very brave.
Imagine what other companies have
Ravi in my opinion was fine with all of this until it happened to Him. Self interested and egotistical
As it ways is, people only care when it hits home.
@Con Quistador it's not about the country... Its about the system. Any country where the ruling elite are uneducated face these problems. Of course low literacy rate also contributes to the establishment of such systems but once established its hard to overthrow. That is exactly why asian countries lack that civilized order and tolerance many have in first world countries. The system and its subjects are just too barbaric
@@meean8799 What about writing the memo that changed his fate? Gaslighting much?
Ah... i remember how it feels when u love your job, smiling every morning, trust your boss, seniors....then ...they 'run', leave you, betrayed you....and u just stood there. After 9 years, and sick of that company, i had to leave....but then i cried inside.... because actually i never have problem with the job, i remember when i had an interview there, chased train and bus just to get to the office on time, had lunch with everyone on my team. I just hate the boss, the management. Toxic, corrupt, nepotism, greedy. Etc.
my company did all that to me and fired me on top of it - I guess I was a lucky one. I didn't like the job though - I just pretended to to stay long enough to be recognized as a loyal
He's stepped on some hornets' nest and now he'll be stung till he either dies or accepts defeat. Typical corporate Japanese strategy.
I worked in a Japanese company for almost 2 years, but eventually I had to find a foreign company in Japan to work in. The corporate mentality is just different.
Scary reality of the world - when you do your job in a moral, ethical, and professional way only to realize the company you are doing it for has none of those things.
It is more widespread than what most people realize.
I've worked for Nissan for 7 years, they just want money and when the production line stops there is a real panic in the senior supervisors eyes the greed in that comapany is phenominal.
like most chinese companies
@@juliox9 yea that's a valid point but 1 20 second stop in a full 9 hours of solid production doesn't warrant the reaction they give that's what I mean haha
If being aware of their sins stains you, where in the world can you participate and be clean.
A lot of people don't know this, but in 2019 The Japanese Government proposed a Corporate Bailout for Nissan so that Nissan could have a merger with Honda. Part One was to have Honda Merge with Nissan. Part Two was for the Japanese Government to pay Renault for its shares in Nissan to get Nissan out of that partnership. The result: Honda had three meetings with Nissan executives and Honda came out of the last meeting stating that they would NOT be able to fix the internal problems at Nissan.
@Rafael No, the merger is off. Honda claimed they could not fix the internal problems at Nissan. Without the merger with Honda, the Japanese government will not bail out Nissan.
@Rafael Nissan North America is about five years from bankruptcy.
i hope they fold after what theyve done
Holy crap very interesting!!
@@theylied1776 PERFECT! Wouldn't that make it a great deal for TESLA! 😏
I worked in Japan in this industry and I can tell you most of this is true .... there was an internal power struggle between the young and the old.
The older Japanese did not want to lose another Japanese company to foreign money.
This can be applied to all countries not just Japan.
Yeh not loosing power to foreign investment, that is the goal for a lot of situations in terms of business, which I will stand with but the manner implemented to achieved it is the problem.
Pride is the very core of japanese, especially the older generation
@@daebak7370 Not exactly. South Korean, Chinese, Vietnamese, Thai, Indonesian, Filipino corporations are always heading towards the stocks exchange that gives them the chance of rallying skyrocketing funds from foreign investors. These elites are becoming richer, while Japanese elites are becoming poorer.
Japanese companies are resistant towards stock exchanges, and even if they list their companies on stocks, then they still craft illegal moves to retain Japanese ownership which are illegal in international laws. Japanese corporations are resistant to profits but addicted to empty vanity and glamorous social pride. They don't care about the money. They care about the images of themselves in Japan even if they don't have any money.
Man the only thing greater than that man's beard is his integrity
Well said.
Haha that's really common in Indian people actually ;)
@@ashutoshmahapatra537 India scammers? :)
@@gamemoves2415 I meant having beard is in general common here India specially most of the people of 24-40 have beard.. Not sure what you exactly meant by "scammers"
@@gamemoves2415 unlike serial killers and cannibals ;)
He escaped to Lebanon in a musical box ..... And that was the footnote at the end ...... This story is crazy and there will be a Netflix movie out in a month on this
Did they advertise it??
In a month? So it came out?
Issa month now where's the the movie
@@DamageNando The Yakuza killed it
Unqualified comment.
So what I'm hearing is everybody at the top was taking money they weren't supposed to take and they just blame the foreigner. (This is not racism I'm not talking about his color, I'm talking about where he was born. learn the difference between racism and prejudice)
All of them, including the foreigner. I wonder what evidence they had found.
@@nl5455 from what I heard from other news outlets there was supposedly an advertising company that Nissan had hired and was paying lucrative but was kicking back most of that money to the top execs under the table
@@nl5455 I also might be mixing up my company scandals lol there's a lot of them right now
@@blist8329 Really quite interesting, how many "scandals" you can find for many top-tier companies. You'll just know that only a small fraction get caught, the rest are just doing illegal moves under the radar. Again, it's crazy how the highest members of these companies form a gang to further their riches, illegally. And all of it is done to both survive in the corporate world (with connections to other businesses), and to make personal profit. You'd think that them being that rich, they wouldn't need to scrape off more money illegally. Money and human greed is a bad combination.
@@nl5455 you are so right. And this is a car company, imagine the things going on at banks and other financial companies.
*Japanese care so much about anybody's opinion towards them, especially "online." Saying any negativity will bring chaos, these companies can't be criticized let alone "exposed."*
@Tenae Barker which it is, on a much larger scale
@Tenae Barker that came from americans praising everything japanese.
@Tenae Barker Sounds like it, but more like paranoia to the extreme levels
@@Zyleace it called "face" in their culture. Its part of their culture. Just like american cant handle truth about their war crimes.
suddenly reminds me about my company where an employee made a mistake and it goes online. we had to learn that during our 6 months new employee training.
Everyone knows Japan has it's own playing field with their own set of rules.
I believe the same goes to others
I guess that's the polite way to put it.
Saudi Arabia, America, russia,india,china,japan,Australia,British,Canada,Mexico, they all have their own cruel play fields set of rules, it’s not really a japanese thing, it’s a human thing
@@alhaithmalbakri9645 Yeah, but we can all agree that the Japanese way is way more subtle and hard to grasp.
Yeah dude nintendo hired spies on people
How this was handled feels distinctly Japanese: stalking and silence. There wasn't even any violence or property damage.
This is the old Japan behind all of the modern democracy. All Asian nations have a deep-rooted eastern mindset.
Where I'm from stalking will most likely get you shot
@@avatarion Actually, Japan isn't a liberal democracy at all. It's a one-party state in everything but the name.
@@exu7325 how so? They do have a proper democratic system in place and it's not like they're a crazy authoritarian one-party system like China.
@@boxbird5723 Their culture is one where you don't rock the boat. There's nothing that rocks a boat more than having a competing political party/ideology. Just look at how politics plays out in the US. Japan, and eastern societies, prefer cohesion of the community. Family is immensely important, allowing concepts like clans and bloodlines to dominate culture and politics.
I sympathized this guy. But I am amazed he don't know these sweep under the rug thing is very common in big Japanese corporations culture. They had been doing these things for many years.
Also, it is very common in Japan to blame the guy who exposed problem. Japanese like their things and image clean and tidy. They really like to hammer the nail down.
What's the benefit of having an image of looking clean and tidy when they aren't. Aren't they aware that they loose future growth potential by simply sweeping things under the rug.
Also this gives the entire Japanese corporate culture a bad name. A bad name is all you need to deter stock buyers.
@@khanch.6807 *... still sounds better 100X than kidnapping your rival's daughter when you failed to compete - like the US did to Huawei 🤣*
@@mickkrever4084 Kidnapping happens behind the scenes. What happened to Huawei was done publicly. Huawei products are trash anyway so there was nothing to compete for. There are other Chinese companies that are much better. The daughter was released. If it happened in China she wouldn't lived.
The company have made countless people disappear in China as they have support from the CCP. Never forget CCP also have modern concentration camps. Yet ironically they are scared of Winnie the Pooh.
If Corporations and Governments treat people like this forget about loosing money and shares, people will start to loose sanity and you will never know how insane a single person can get.
Tell me about it. I found an issue with a critical component from a Japanese company and they spent more effort trying to prove my incompetence than trying to resolve the issue. This included excessive amount of data logging, video evidence, and even a visit from a Japanese engineer.
Exactly. I find it ironic that someone who used to be, what general counsel, vice president, or whatever, suddenly acts surprised and appalled at what the security division inside the company is doing and how.
But money can make you overlook the most amazing things.
"omg japan is such a sweet country, i want to live and work there"
japan:
Weebs: this can't be true
"This is a car company not the KGB"
I was literally thinking the same thing throughout the entire video.
Corporation are more powerful
Sir this is Wendys
Saving face is more important than lives apparently
Internal power struggle. Screw the company. Just farm the cash, climb the ladder, and find somewhere else with a higher position. Company loyalty? Thats a joke. Every company is there just to milk you and to make even more money. Thus, give them your time, your effort in doing the work right. But never give them your heart because your family is at home, not in the office.
My sentiments as well
Exactly. Use, abuse, exploit and get away with as much as you can from your employer. They'll do the exact same to you.
Something stank from the moment they arrested Ghosn. It really wouldn't surprise me if high-level government officials were involved in all this. Japan has a very protectionist culture and the 'foreigners' taking so much power was sure to ruffle a few feathers.
My thoughts exactly.
Imagine if a white western company did this
this is definitely truth. but i am afraid that in this case it is not so black and white. and that this group went against interest of nissan or japan in general. this is just power game inside company. which is quite often but usually it is not so publicized. which is not coincidence. and evidence that other side is guilty too and they both were and are fighting for power. but japanese are on home playground here and obviously utilized it...
Why "foreigners" in quotation marks? They were indeed foreigners in that country.
@@miamiactual1693 All countries and companies are protectionist and self-interested. People are ousted all the time, for all sorts of reasons.
Similar thing happened at Olympus when their newly appointed British CEO started looking closer into their financials.
You know you’ve done your job very well when people are coming after you because they know you have info that could ruin them.
the fact that Judges in Japan are scared of Prosecutors should tell you A LOT about the validity of the justice system in Japan. Prosecutors don't answer to judges, Judges answer to prosecutors, its why they have a 99% conviction rate. Plus the fact that they can hold you in solitary confinement for months and interrogate you without a lawyer for 16hrs each day, its why most convictions are from people being pressured to give a confession, not from a plea deal or from having a fair trial, but from confessions made under severe duress.
FYI Plea deals are similar rubbish - heavily used against those who cannot afford to stay for weeks/months in the jail, waiting for the trial or the bail to get out. It's misused a lot.
Gestapo
Doesn´t seem justice if true.
Anybody who has worked for Japanese for any length of time knows how true the allegations against Nissan and by extension corporate Japan are. The concept of truth and fairness is always subordinate to the authority and success of the corporation while anyone who dares to stick up for reality or raises obvious questions is a protruding nail that must be hammered down swiftly lest their viewpoint gain any traction. It is a deeply corrupt society on that level not withstanding Japan's many other cultural charms.
@@noclafcz *... still sounds better 100X than kidnapping your rival's daughter - like the US did to Huawei 🤣*
I don't know why I clicked on this video, but I don't regret it at all! This is like a movie!😂🙌🏽
Its brilliant, start from the initial arrest. This drama has captivated me since 2018. I featured its developments weekly on my motoring radio show, including the audio recordings Ghosn made after the initial house arrest in Japan, just before his second arrest.
its amazing this is like the stereotype of japan.....or italy warring businessmen clans
@@sketchbabu Me too. Captivating story indeed. There will be a movie for sure!. Is there a podcast of your radio show?
Omg this is so disturbing, all the executives who made his life hell need to pay for what they had done
BOYCOT NISSAN.
I think this news is too biased. Don't believe the western media.
@@js913 Then there are evidences suggesting Nissan is right in all of this? If there are, please let me know.
@@js913 sounds like you must work for the Japanese government.
@@purplemonster2239 he’s weeb.
That's so cool, before starting Binging with Babish he worked as an investigator at Nissan
😂
I have so much respect for people like Ravinder.
Echo
I like reindeers too
“Respected by many in the industry, now he's in jail.”
Lol if you take that out of context it's funny
all to common
He actually escaped Japan hiding in a suitcase he’s in Lebanon now look it up
@@Static1011 i am not sure if his life expenctancy is high...
@@Static1011 yeah I researched this dude quite a bit once trash taste podcast mentioned him
Japan was always like this. Specially the larger companies are run like dynasties. The same is true for Korea as well.
Umm... no. Video evidence of strongarming? If this kind of thing got leaked in korea there would be an uproar and protests. It not there isnt precedent.
Pretty much, anyone thinking otherwise is just an idiot.
Well, as a Korean, I could say Korean culture is relatively conservative comparing to Western culture, but when it comes to Japan's, no way lol. It seems you don't know much about Korea or far east Asia. You commemted like Germany are similar to Britan.
Specially. That's a new one..
Yeah. N Korea.
That’s ok, Nissan is under incompetent hands again. They won’t last long
Mankind's famous Achilles heel, greed.
It's probably going to be our downfall as a species.
I could totally get behind our downfall if it didn't also seem like the downfall of every other species on the planet.
Our whole society is built on greed and it’s called consumerism 😂
Sin, not just greed. At the very top, everyone are ROTTEN. Theft, murder, pedophilia and trafficking.. nothing is off the table.
I think it starts off as a greed for money then when you’re Rich it switches to power.
@BreakingCankles it's already starting many more disaster to come to stop this massive exploitation of planet earth.
Y’all want to see real thirsty? Join a relatively large company, sit back and just observe for a couple of weeks and you should be able to identify the thirsty people. Approach with caution.
That's easy, just look for people drinking a lot of water and carrying a jug.
If you want to see "thirsty" just look at the people and their motives behind this hitpiece.
@@MrCarGuy Are you saying it's not true?
@@hufinnpuff3068 actually those people are most likely to not be thirsty
I watched a Yakuz documentary last year. It was claimed that after a crackdown in 1980 by Japanese police Yakuza transistioned out of all "retail" operations and moved into big finance. Could be some Yakuza in the backgound of this story.
@@jack99889988 At this point i might not even have a vacation there in the future. That country is really dark and they continue to hide it. If these "weebs" were born in Japan they would be wishing to move to the west...
@@AhmedAbdullah-me5xb Oh please, I live in American it's no different. Where there is capitalism and money to be made there is to be corruption.
@@AhmedAbdullah-me5xb this problem is everywhere, just have different forms.
Corruption is in all western countries. Nothing new here.
@@lakkuh *lifts glasses*
all?
I'm so sorry this happened to you Ravinder Passi! You did the right thing. To any CEOs of companies reading this, snatch him up for your team! He's got integrity.
In the west he would be privately disliked for his honesty and integrity and publicly loved for his honesty and integrity
I seriously doubt a guy that skilled has a problem getting a job.
I'd heard of Ghosns escape and assumed he'd gotten away with something, which he may have, but never realized all of this intrigue....Thank you for this story.
Ghosns escaped beacuse they waanted hurt him by even try sell nissan to outsiders (renault)
People charged within the Japanese justice system can't be expected to receive fair trials.
I saw that story too, lining it up together
I work on cars everyday. I tell everyone I know not to buy Nissan vehicles. I won't allow family members to buy a Nissan. I did all that just based on the quality of the vehicles. Now this...
Let's be honest tho their s chassis is arguably THE best chassis for drifting
I have to ask. What car would you recommend?
In meanwhile I owned. A Micra, a qashaqi, a r33gtr, a 2019 xtrail and now a r35 GT-R 😂
@@TinoushGTR All non-American models. I'm sure those are ok. Also don't let them get old.
What cars do you recommend
First thing that came to mind was the Olympus scandal in 2011... another fascinating piece that Bloomberg covered. Have to dig a bit deeper online to get deeper explanations of the mechanics of the fraudulent transactions... but well worth it if interested
in the end "japanese just disdain anyone who is better than them."
True.true.true
Thanks Bloomberg, I am so greatfull we live in a world where it is possible to speak about these things and learn from them. Hope this vid gets many views
Caution my friend.. It is no longer okay to speak your mind in a lot of cases or the truth in many cases in the US.
@@paulfitch9597 so true!
Things changed drastically, for the worst, after Nov. 3, 2020.
*... still sounds better 100X than kidnapping your rival's daughter - like the US did to Huawei 🤣*
grateful
This is what a car company can do...imagine what the federal government is actually up to with far further reach and far deeper pockets.
Clintons made a snitch who leaked the emails dissapear and nobody went to prison
When a justice system produces a near 100% confession rate, you know something stinks.
Asian countries are too oppressive. However, Korea ranked first in Asia in the Press Freedom Index. I don't want too much from Japan, China, North Korea, and Singapore. I hope it will be at least like south Korea. According to Japanese judicial statistics, in 2006, 73,471 people were guilty and 92 were innocent, with a 0.125% acquittal rate. In addition, the criminal conviction rate in Japan is 99.9%. This is not right. This is mental illness. On the other hand, the acquittal rate in Korea was 3.75%. Japan and other Asian countries must come to their senses.
When Nissan started calling Ghosn a “cold greedy dictator” they were just projecting what they are themselves.
That's such a dark story. I hope this guys and his family are safe.
He is safe for the money ment but the US citezens who allegedly helped Ghosn escape have been extradited from USA to Japon. That's outrageous because USA betrayed her own people because the rule was USA citezens are trialed in USA if they are on USA territory.
this man was obviously player in their game long time. he is not innocent at all. he is just on side of carlos and that side was defeated. this document is probably paid. or these people as bloomberg are in same group or under guidance (and orders) of same ngo, intel or concurent car producer or so. this is power game where both sides are guilty...
@@elenabob4953 The US and Japan have a valid extradition agreement. If Americans are aiding a criminal avoid Japanese law, the US government has a responsibility to send those criminals to Japan. Same would apply for the other way around.
@@non9886 it's possible
f*ck this guy he's just grifting
Last night (coincidentally) Carlos have an interview at a Brazilian talk show. He tells a few details of this history and his perception of the case. Apparently for him, the Japanese law always act against foreigners and it is very cruel, and the public prosecutor win 99% of the cases, the word he used to describe the judicial system was "antiquated" for a super power as Japan. He though the prosecutor and even the judge was not interest in a fair judgment. He said the Japanese authorities treated him and his family as high risk criminals. He said there were peoples following him when he leaves his house, It is funny when he detailed the way he found to plan his escape, he calls gossip tabloids to film the agents following him and they suddenly disappear for three or four days. Unfortunately the interview it is not available with English subtitles.
yep, i lived there and the law acted against me too. it’s always one-sided and the law always sided with japanese, not foreigners
Fucking brilliant!
Is he speaking in Portuguese? Ghosn speaks so many languages
@@hayaglamazonluxe he is Brazilian. He born in Brazil and moved to Beirut when he was 6.
Japan is one of the most racist countries in the world.
The executives are behaving like Yakuza and only looking after their own skin when the criminal allegations has been pointed out with their benefits being stopped.
How Nissan has stayed in business this long astounds me. It is the last car brand I would ever look at.
I remember when there cars were called Datsun's ppl made fun of there auto's.
@@mikemiller659 They had the Datsun 240Z and that put them on the map but lately their cars have the lowest ratings of all the. big car companies as far as being reliable and well made.
"Ghosn in 60 seconds", coming to a cinema near you sometime after the pandemic.
Like The Laundromat?
That's not even how you pronounce his name!
"sometime after the pandemic" - u mean in 2000 years?
Plannedemic Obsolescence
Worst pun ever
At Nissan in Smyrna, they used to move new vehicles across the street from the factory on last day of fiscal quarter or year. A day later, they were moved back to Nissan property. Inventory manipulation to cook books. I saw this, as well as the retaliatory mindset.
So they were doing better than reported?, cuz I see Nissans everywhere, including my driveway. I'm not trying to pick a fight, just trying to understand.
@@keithschneidly3922 Worse than reported. Inventory not on the plant property were claimed as shipped. 1-200 vehicles at a time. It made someone look better on paper.
@@keithschneidly3922 you clearly did not understand what this person said.
@@rjsimpkins2911 +1 ......Happens a lot in the industry - it's called "bed & breakfasting" the inventory.
Mmmmmm🤐🤐🤐🤐🤐
Master mind Hari Nada played his cards right removing Carlos from his way for Power and made Passi scapegoat for his game plan. So real player is NADA. And hence, we deduce that rich and powerful can manipulate almost everything.
Nippon be crazy. "It's not the KGB" But it is the Yakuza
I have to rethink buying a Nissan car.
Don’t buy from the literal mob. So don’t buy Nissan
Get it used
Won’t matter. They’re literally going into the loo.
Dude I own two including a 2020 so many problems and they are being sued again for the bad CVT transmissions. Don’t make the mistake lots of made move on consider something else
Buying a Nissan is like buying a money pit that doesn’t even look to date
This whole story should be a feature film
Better yet - a miniseries.
It is really heartening to see that some corporate folks at the top are willing to act with integrity and honor. Well done sir.
how Ghosn could escape is also another factor on how flawed the Japanese legal system in every way, not counting his unlawful arrest in the first place, and other board members did the same bidding but all allowed to plea and escape arrest.
I hope this gets viewed 10 million times. Amazing how much corruption with government backing can achieve. Would be... interesting to see Carlos Ghosn be the victim here.
As stated briefly in the video, there' was not really any crime done by Ghosn. All his actions were approved by the board and everybody on the board was doing similar things. Akin to speeding 1 mph / kph over the speed limit. This was an internal board matter, i.e., fire Ghosn, not a criminal matter for Japanese courts. The real motive in prosecuting Ghosn was Japan's hate for foreigners, especially western foreigners.
@@raylopez99 indeed that was entioned... But the truth may be somewhere in the middle.
Japanese business culture reminds me of The Godfather. Ghosn escaped with both his thumbs and I wouldn’t be surprised if he helped Passi after his removal from Japan/Nissan.
So now Carlos Ghosn is a victim? cos every bob and his dog's been calling him a corrupt git for a few years now.
@@DAGATHire you can be both. I won't talk greatly about Carlos, because the only way they made the car company profitable, was by cutting cost and reducing labor. Not because a superb marketing campaign or taking Nissan to new highs. So NO, he is nothing more than a corrupt executive. But he can also be the victim at the same time. This story is just the showing of how murky is the corporate world, and nothing more, no heroes and no villains, just crooks upping up each other.
@@jacobitosuperstar its all very intriguing
@@jacobitosuperstar bro cutting cost and labour doesn't make anyone a corrupt executive. Carlos had cut unprofitable models and closed unneeded factories cause the company at that time was making too many losses and those models were not selling well. As a result the factories which produced those models played off workers
@@jacobitosuperstar agreed, why die as a hero and save nothing when everyone is scavenging the pieces of pies. Some crumbs of it wouldn't hurt and why be stupid and not savor while you can?
"Car company....not the KBG" Jebus that is brutal
Nissan: “hey you need to figure out what is wrong within this company at any means necessary.”
Carlos Ghosn: “hey so here is some of what I found and I’m gonna send it to the board of directors”
Nissan: “you weren’t supposed to do that”
Seriously, it's not like he publicized it or sent out a company-wide memo. You would think the board would be, at least, somewhat interested in knowing what's actually going on in their company.
You mean Ravinder Passi not Carlos Ghosn
They were following him to find something incriminating against him to compile a stronger case against him in court.
Japan has this Shadowrun corporate hellscape vibe.
This feels incomplete. They never addressed the other executives who benefited from the same fraud as Ghosn. Did any of them get arrested or face charges? Are they still with the company?
Cool cool guy! Crazy how they did that to him! I’d move back to the UK ASAP! He definitely had a lot to offer to someone else!
Well done we applaud your efforts and encourage more transparency and truthful whistleblowing by those in corporations
The more info comes out the more I side with Carlos Ghosn
Yeah, Japanese courts have a terrible track record of false convictions. Once you are in the focus of a prosecuter you will never be found not guilty ever.
@@minecrafter023 This is like the understatement of the year I would hate to go to Japan simply because of the way they police Don't they have some obscene like 99% conviction rate there's no way they don't trump up charges to reach that number
@@blist8329 exactly! Once there were charges brought up against you, it would hurt their honor and work ethic if it turns out the prosecutor was wrong and has to drop the accusations. So they go with it. To the disadvantage of the accused.
@@minecrafter023 prosecutors dont go after people unless theyre certain theyre guilty, no ones honor will be hurt if the prosecutor ends up losing the case this isn't the 1800's
Everything about this story fascinates me. I can wait for a movie or documentary.
The fact that Carlos Ghosn had a residence in Lebanon long before the shitstorm, I think is no coincidence.
He probably smelled the shitstorm.
He is Lebanese
He has properties in many countries, and he is Brazilian, Lebanese and French, so it would be pretty normal for him as a wealthy person to have properties in this countries.
Nissan's chairman low-key looks like Mr. Bean
*former
Intrigue, betrayal, setups, snitches, stalking, arrests, and escapes. This story is many things but a “quick take” it ain’t 😆
they didn't hardly give any details about the crime tho, so the whole point of the video is lacking. He keeps saying intimidation, shady practices, but he never says X is a crime
@@davidanalyst671 he is a lawyer and is smart enough not to open himself up to legal jeopardy
On one hand, Japan maintain a democratic, clean, disciplined, nice and honest image and on the other hand Japan is still ruthless, the WWII warriors made their way into Corporates and Govt.
Honest? They still don't admit most of the war crimes they committed in WWII.
@@serdiplomat5797 almost half of their young generation think Soviet that nuked them. Their history lesson are fvcked up.
@@backpackpepelon3867 what? Seriously? 😂
@@backpackpepelon3867
For real?
What do you think huawei is?
Hari Nada is a Malaysian -
Me: "Say no more. Just tell me what he did." (I can say this cause I too am Malaysian).
Could you elaborate what you mean?
@@CM-le4yh There's always scandals with malaysians high in corporate position.
In short, what happens in asia stays in Asia!
He must have a lot of power/ influence to f*ck the ceo of nissan over...
Yup.. some will always wish to be earn quick money and will do it as cunning as possible
this is such an amazing piece. the world needs to see it.
no, its not. he didn't give any details of what was wrong, and was bitching about losing status after going to the board, and he complaining about losing a cushy job after 16 years at the same company. The average job in the USA lasts 2-3 years.
@@davidanalyst671 The details were already published. Hari Nada (one of the executives who struck a plea bargain deal with prosecutors) oversees Nissan's legal department which includes the firm Latham & Watkins who both advised on the very executive pay disclosures that Ghosn was arrested for and who conducted the internal affairs investigations into alleged illegal pay disclosures. As for Passi 'bitching', well he was working for a traditional Japanese company that are known for having jobs for life. As he said, he'd been there 8 years on an upward movement, only to be suddenly 'demoted' after expressing his concerns about the aforementioned conflict of interests, so it doesn't take a genius to work out what may have led to Nissan's about face with him.
@@ellebrook3413 he lives in england!! just move back, and now he has all the media telling people hes an upstanding man who says when he sees problems. that'll get you in the door most places
@@ellebrook3413 so yes, he was bitching
Wow, that's awful. Corporate greed ruins so much.
More than greed this is looking like power struggles and conflicts of interests... With some yakuza sprinkled on top.
Thats capitalism for you...
And along with his fiduciary bravery shown here, is another reason to always have storm doors too.
Wow. What an excellent report. This is what journalism was and should be again. Also, I hope the lawyer knows how most of us appreciate his honesty. As a life long customer of Nissan, I will never buy another one. My wife is on her 4th or 5th new Nissan, daughter on her second and I was preparing to put out to bid for 40 Nissan Pathfinders for our company. No more. Means nothing, of course, but everything is a step or two. This is mine.
New Pathfinders are completely unreliable according to numerous reports.
After buying 7 Nissans in past 9 years. I stopped buying Nissan after I heard this news about the arrest. This is a bad reputation for Nissan.
Id say nissan wouldn't care too much at this point if you've already bought seven cars from them haha. But yes, I'll probably stay away from them as well.
@@RM-el3gw They would care about me who would've been a likely customer. Now Nissan is on my list of corporations to avoid spending money in.
The question is, why did you buy 7 new cars in past 9 years?
A stock market, equity market or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms..And I'm making so much from my investments.
Nothing seems better than a profitable investment to me the feeling of a rise in portfolio or cashing out monthly, could you elaborate on what you are saying I am interested,All my efforts have gone down the drain investing as a newbie,could you please tell me how to make passive incomes too.
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I finally remembered why I just wanted a normal life, minimum to no bs like this that I have to deal with every week.
Can't evade it, we made this from the very beginning, it's our sin to bear, innocent or not.
I'm sure many big corporate entities are probably like this tom some degree but I'm glad I know to never buy a Nissan now
It is not only Nissan, big corporations are like that. Even if you get your car from another company, it doesnt mean they are better.
@@Just_Hu I literally said that but Nissan is confirmed
According to NYT or it might have been FT, Nada replaced Passi with Carlile, Nada’s close associate? Who is this Carlile? He doesn’t appear anywhere... shady AF
You guys should cover Honeywell's lawsuit with Garrett, it's former turbocharger division that separated from them. The way it was meant to entirely cover for payments from asbestos liability lawsuits , all the circus around it, how the lawyers working for both companies signed illegal documents etc.
This is just a small gang, imagine the gangsters at Toyota.
🤣🤣
@@AhmadAlghannam or their rival gang: Honda
Honda cant fight Toyota,
Toyota got cells.
@@rarapost6146 Honda’s got a City
nah bois, Toyota is done
HONDA BOIS GOT VTEC
What is truly admirable about this man is he did the right thing in the face of monumental pressure
I'm never going to buy another Nissan ever again. If their horrible CVT Transmissions weren't a reason enough to ditch this brand, this certainly is. I can't wait to see Nissan go bankrupt - they well and truly deserve it.
Lawyers are interviewing people so sue over 2016-2020 CVT models. 2021 owners already reporting CVT issues Don’t make my mistake.
buy their older cars. I myself prefer 90s Nissans
Who do you think turned Nissan into junk? Carlos Ghosn/Renault.
Bankruptcy will not affect those in charge, they've likely already amounted enough money through corruption and will also get a hefty severance before moving on to retirement or working at/creating other companies.
Shame, cause the 1999 Skyline R34 GTR V-Spec...is an absolute monster of a car.
I once respected Nissan for turning itself around. Oh, how the giant fell so low.
I was just about to go out shopping for a new car. Well, after watching this video, it definitely will not be a Nissan!
They arrested the guy who turned them around.
When I see injustices like this one where human rights are not respected, I remind myself how fortunate I am to live in the United States of America!