The rise and fall of Carlos Ghosn

This is a good primer on the ongoing saga of Ghosn’s arrest. It gives background on the man himself, on some of the key people involved, their potential motivations, and the environment they’re operating on.

As Saikawa settled into the job, however, the tone of their relationship changed. His early tenure was dominated by revelations that for more than three decades, some Nissan cars had been inspected by auditors who weren’t properly certified. More than a million vehicles had to be recalled, and the company took the unprecedented step of shutting down its Japanese production for two weeks to investigate. Although Saikawa had been in the job less than a year, he absorbed the blame, performing the ritual apologies expected of dishonored Japanese bosses. He also took a voluntary pay cut, shrinking a compensation package that was already a small fraction of Ghosn’s. Ghosn, who’d actually been in charge for much of the period at issue, never formally apologized and even, according to a person with knowledge of the matter, chided Saikawa for moving too slowly to address criticism and implement an action plan.

From Bloomberg Businessweek.