• Nissan Chairman, Carlos Ghosn, Is Arrested Over Financial Misconduct Allegations - The New York Times
    https://www.nytimes.com/2018/11/19/business/nissan-carlos-ghosn-misconduct.html

    Born in Brazil to Lebanese parents and educated at elite universities in France , Mr. Ghosn made his reputation after joining Nissan in 1999. Renault, where Mr. Ghosn was an executive vice president, had bought a large stake in the Japanese company, which was on the verge of collapse at the time.

    Mr. Ghosn made sweeping changes at Nissan, closing five domestic factories and cutting 21,000 jobs. Later, he engineered an arrangement between Renault and Nissan that allowed them to operate like a single carmaker. Short of a full merger, the alliance enabled them to share the cost of developing new models and to negotiate better deals with suppliers by buying components together.

    As chairman and chief executive of the partnership, Mr. Ghosn was celebrated in Japan: His life story was made into a manga comic, although critics on the left noted he had earned his French nickname, “Le cost killer.” Still, he had enough political savvy to retain the support of the French government, which owns 15 percent of Renault, despite some bitter pay disputes.

    In 2016 and 2017, Mr. Ghosn’s salary at Renault was questioned publicly, by French government officials and a shareholder group; this year he agreed to a 30 percent pay cut in return for another four-year term as chief executive.

    Mr. Ghosn’s pay was long debated there. In 2016, Renault was pressured by Mr. Macron, the finance minister at the time, to reduce his compensation. In 2017, he insisted on a package of 7.4 million euros, about $8.5 million. The French government balked but Renault shareholders ultimately approved that payout.

    In Japan, Mr. Ghosn’s compensation made him an outlier. Japanese executives typically earn far less than their American or European counterparts. Takeshi Uchiyamada, chairman of Toyota, for example, was paid ¥181 million in 2017, compared to Mr. Ghosn’s reported ¥735 million.

    1€ = 130¥, pff salaire de 6 millions € / an … ça fait du 34000€ de l’heure si il bosse 24/24 sur 365 jours mais ça ne suffit toujours pas ? et encore, ajoute à cela les stocks options et le fruit des magouilles fiscales pour lesquelles il est arrêté.

    #prédateur #élite_française