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HBR IdeaCast

The Rise and Fall of Carlos Ghosn: Part 1

HBR IdeaCast

Harvard Business Review

Teams, Business/management, Marketing, Strategy, Management, Innovation, Finance, Entrepreneurship, Economics, Hbr, Business/entrepreneurship, Harvard, Business, Leadership, Business/marketing, Communication

4.31.9K Ratings

🗓️ 3 June 2021

⏱️ 32 minutes

🧾️ Download transcript

Summary

When Japan's most famous CEO is suddenly arrested, conflicts are revealed in the Renault-Nissan Alliance he led for two decades. Then Carlos Ghosn jumps bail by stowing away in a private jet to Lebanon. Ghosn's daring escape raises new questions about his alleged financial misconduct — and the corporate system that kept him in power.

Transcript

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0:00.0

So you got the job. Now what? Join me, Eleni Mata, on HBR's new original podcast, New

0:08.1

Here, the Young Professionals Guide to Work, and how to make it work for you. Listen for

0:13.8

free wherever you get your podcasts. Just search New Here. See you there!

0:18.8

We're gonna try. Okay. Please, if we can, if we can have a little bit of calm and

0:35.4

shut down the door. On January 8th last year, Carlos Gone summoned the world's media to

0:41.8

an upscale club on the Beirut Waterfront to explain himself.

0:46.3

Okay, so we have the Lebanese here. Where are the Lebanese? Everywhere, everywhere. Okay,

0:52.0

no, where are the French? Where are the French? Okay, La France is here. Where is Japan?

0:56.8

Japan? Japan is here, very good. Where do you buy that?

1:00.9

Well, it was a bit of a media circus, actually. That's journalist Hunt's Grimal, co-author of

1:06.0

a new book on Gone called Collision Course. He remembers how throngs of reporters were locked

1:11.4

outside even though they'd flown in from Dubai or Detroit or Tokyo like him. He and about 100

1:17.9

other reporters were allowed into the room with Gone. Once they were inside that room, you know,

1:23.8

all hell broke loose when they wanted to get attention from Gone.

1:32.5

I mean, during the Q&A, it was like survival of the fittest. Everybody was jostling for that

1:37.1

microphone, yanking it out of people's hands, shouting over each other.

1:48.5

Just 10 days earlier, the former CEO of Nissan and Renault was awaiting trial in Tokyo,

1:53.7

facing years in prison for alleged financial misconduct. That's when he jumped bail,

1:58.7

stowed away in a music equipment box and escaped in a private jet to Lebanon. It's where he grew up,

2:05.2

it's also a place that does not have an extradition treaty with Japan.

2:13.8

Hunt's Grimal was able to get in a question when Gone called on him,

2:17.7

as the Asia editor for Automotive News, Hunt has covered Gone for years.

...

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