NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business

Carlos Ghosn defends his legacy

By Ben Dooley and Michael Corkery
New York Times·
9 Jan, 2020 09:33 PM9 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Carlos Ghosn, the former head of the Nissan-Renault-Mitsubishi auto alliance, at a news conference in Beirut, Lebanon. Photo / Diego Ibarra Sanchez, The New York Times

Carlos Ghosn, the former head of the Nissan-Renault-Mitsubishi auto alliance, at a news conference in Beirut, Lebanon. Photo / Diego Ibarra Sanchez, The New York Times

"Nobody's going to take it from me," said the fugitive former auto mogul, a symbol of globalism under pressure.

Most global fugitives tend to lie low. They do not beckon reporters to televised news conferences or allow themselves to be photographed drinking wine by candlelight days after being smuggled in a box aboard a chartered jet to freedom.

But Carlos Ghosn, the deposed auto executive, is no normal fugitive. Unapologetic and unrelenting, he stood at a lectern in Beirut before more than 100 journalists Wednesday and laid out his case for how criminal charges of financial wrongdoing in Japan were part of a vast conspiracy to take him down.

The highly choreographed event, during which Ghosn took aim at the Japanese justice system and his corporate enemies, was scheduled 415 days after he was first arrested and more than a week after a team of operatives helped spirit him away from house arrest in Tokyo, where he was awaiting trial.

"I did not escape justice," said Ghosn, 65, wearing an immaculate blue suit, white shirt and red tie. "I fled injustice and political persecution."

Advertisement
Advertise with NZME.

READ MORE:
• Interpol issues notice for ex-Nissan fugitive. Carlos Ghosn says family played no role in his escape from Japan
• Nissan executive Carlos Ghosn allegedly flees Japan in musical instrument case
• Premium - The Green Beret ex-con who allegedly helped Carlos Ghosn escape
• Premium - Why former Nissan chairman Carlos Ghosn chose the life of a fugitive

For all the bravado he projects, Ghosn is a potent symbol of globalism under pressure, an imperial executive in retreat.

Until his arrest, he ruled an automotive alliance that spanned continents, comprising Nissan, Renault and Mitsubishi. As head of Nissan, Ghosn was one of only a handful of foreign chief executives of a Japanese company. But the alliance threatens to fall apart, a parallel for a time when the global trade order and the military and political alliances that once held the modern world together are facing their toughest tests in decades.

Advertisement
Advertise with NZME.

For nearly three hours Wednesday, alternating flawlessly through four languages (English, Arabic, French and Portuguese), Ghosn talked about how "more than 20 books of management have been written about me." He referred to himself in the third person and talked about the drop in market valuation at the auto companies he once ran. He drew applause from some reporters, and flattered others, promising to take questions from every region.

Ghosn's presentation felt, at times, like one he would have delivered to fellow executives and global leaders during one of his regular trips to the World Economic Forum in Davos, the annual gathering in Switzerland that has come to be seen as both a forum for world-changing ideas and a convening of the capitalist and self-congratulatory elite.

Discover more

Business

Millionaire fugitive's stunning suitcase escape

01 Jan 12:06 AM
Business

Fugitive businessman added to Interpol's most wanted list

08 Jan 05:27 PM

In a sit-down interview with The New York Times after the news conference, Ghosn sounded more subdued than during his fiery performance in front of the cameras. He expressed regrets about whom he had hired to replace him at Nissan, admitting, "Frankly, I should have retired."

But Ghosn remained fiercely protective of his legacy, which is badly bruised.

"The revival of Nissan, nobody's going to take it from me," he insisted.

Ghosn's story isn't a neat one. Company insiders have described him as increasingly haughty and imperious. Although he blames the Japanese justice system for its unfairness, he agreed last fall to pay US$1 million to settle a civil case in the United States, which barred him from serving as an officer or a director of a publicly traded company for 10 years. Ghosn did not admit wrongdoing under the terms of the settlement, but it essentially ended his chance of ever running another large global business.

A man with passports from several countries and homes across the world, Ghosn and his wife, Carole, who also faces a Japanese arrest warrant, are essentially stuck in Lebanon, where they have family and own property but are not free from prosecution. On Wednesday, Lebanese prosecutors said Ghosn must submit to an interrogation over his flight from Japan.

France is investigating whether Ghosn used company money from Renault to throw a Marie Antoinette-themed party at Versailles in 2016. And Nissan has accused him of siphoning millions of dollars from the auto company to pay for his yacht, buy houses and distribute cash to members of his family — all of which he denies.

Advertisement
Advertise with NZME.

Ghosn argued that in most countries, he would not have been held for months in jail for these types of allegations. He said he felt he was being treated "like a terrorist."

During the news conference, he flashed giant slides on a white wall behind him, showing various corporate documents. In explaining some of the questionable personal expenses, Ghosn used a defense common on Wall Street: He said other executives at Nissan had signed off on the transactions, which made them authorized by the company.

Ghosn outlining the case against him, complete with a presentation of documents to support his defense. Pho / Diego Ibarra Sanchez, The New York Times
Ghosn outlining the case against him, complete with a presentation of documents to support his defense. Pho / Diego Ibarra Sanchez, The New York Times

Since his arrest in Japan in November 2018, Ghosn and his supporters have worked aggressively to tell his side of the story and attack his critics.

He has employed lawyers on at least three continents, talked to a Hollywood producer about making a movie about his ordeal and hired a public relations firm that advised the National Football League on its efforts to reduce head injuries.

In France, the "Committee to Support Mr. Carlos Ghosn" formed on Facebook. Some of his supporters there blame the government for failing to stand up for Ghosn, a French citizen, for fear of angering the country's yellow vest protesters railing against the global elite.

In Lebanon, where Ghosn grew up, he is celebrated as a member of the diaspora of business leaders and artists who have achieved worldwide success. Hours after he landed in Beirut, Ghosn met with the country's president, Michel Aoun, and other top leaders, and operatives who helped him carry out his escape had ties to the country.

Lebanese supporters paid for billboards across Beirut with the executive's face on them and the message: "We are all Carlos Ghosn." But in truth, there are few people in the world who have Ghosn's money and influence.

A grandson of a Lebanese entrepreneur who ran several companies in South America, Ghosn was born in Brazil in 1954. His family moved back to Lebanon when he was 6, and he later attended college in France.

"I've always been someone who was different," he wrote in his autobiography in 2003.

Ghosn went to work in the auto industry after college and made his mark revitalising Renault. In the 1990s, he helped turn around Nissan by slashing jobs and upending its corporate culture.

"It was a dead company," he said Wednesday.

Ghosn expanded his auto empire further by creating the alliance of Renault, Nissan and another Japanese company, Mitsubishi.

His leadership of Renault, which the French government partly owns, gave him political standing in France. In Lebanon, some people hoped he would run for public office, maybe even president.

Ghosn's personal and professional empire collapsed when he was arrested at the Tokyo airport upon his return from a trip to Lebanon. By that point, he had stepped down as chief executive at Nissan but was still its chairman.

From the airport, Ghosn was taken to jail, where he was forced to live in solitary confinement for weeks at a time. He was allowed to shower twice a week and was let out of his cell for 30 minutes a day. Prosecutors, he said, hid the evidence against him and prohibited him from contacting his wife in Lebanon.

He was released on bail, but he was jailed again in April after he announced that he planned to speak with the press.

Last fall, Ghosn said, his lawyers told him that his case could drag on for five years, which he said was a violation of a basic human right to a speedy trial.

It wasn't all glum. Two days before his December 29 escape, his secretary made him a reservation at a Tokyo restaurant where he enjoyed his favourite salad with sesame dressing, according to the restaurant's manager. He posed for photos with about 40 customers.

Outside a residence of Ghosn's in Beirut. Photo / Dalia Khamissy,  The New York Times
Outside a residence of Ghosn's in Beirut. Photo / Dalia Khamissy, The New York Times

Ghosn wouldn't talk Wednesday about how he got from Japan to Beirut.

Government-authorized media accounts from Turkey, where Ghosn landed on the first leg of his journey, have said he was smuggled inside a large box from an airport in Osaka, Japan.

The box was loaded into the storage area of a private plane, which was accessible from where the passengers sat, according to the Turkish account. The two operatives working with Ghosn told the flight attendant not to bother them.

After takeoff, Ghosn was let out of the box and sat in the passenger area, which contained a bed and sofa and was separated from the front of the plane by a locked door.

For about 12 hours, the quintessential global citizen was officially stateless, flying high above Asia in secret.

The Bombardier jet landed in the rain at Ataturk International Airport in Istanbul. A car pulled up to the plane and then drove to another jet parked a short distance away, according to the Turkish media. That second plane then took off for Beirut.

At least 15 people were involved in the operation, and some of them were not aware of whom they were extracting from Japan, according to a person briefed on the operation. They assumed that the plan was to rescue a kidnapped child.

In the interview Wednesday, Ghosn said he had planned the escape himself but with help from others, whom he wouldn't disclose. "Little by little," he said, he began to think through a strategy for getting out. "When I started to do that, it kept me motivated. It kept me alive."

During the escape, he kept telling himself: "You need to always remember what happened to you. No matter what, never forget that."


Written by: Ben Dooley and Michael Corkery
Photographs by: Diego Ibarra Sánchez and Dalia Khamissy
© 2020 THE NEW YORK TIMES

Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from Business

Premium
Opinion

Dellwyn Stuart: The real cost of Govt's retreat on gender equity

21 Jun 03:00 AM
Premium
Retail

'The way of the future': How delivery apps are redefining supermarket shopping

21 Jun 12:00 AM
Premium
Opinion

Bruce Cotterill: Is it time to reassess our independence?

20 Jun 11:00 PM

Audi offers a sporty spin on city driving with the A3 Sportback and S3 Sportback

sponsored
Advertisement
Advertise with NZME.

Latest from Business

Premium
Dellwyn Stuart: The real cost of Govt's retreat on gender equity

Dellwyn Stuart: The real cost of Govt's retreat on gender equity

21 Jun 03:00 AM

OPINION: Services for wāhine Māori and young mothers have been slashed.

Premium
'The way of the future': How delivery apps are redefining supermarket shopping

'The way of the future': How delivery apps are redefining supermarket shopping

21 Jun 12:00 AM
Premium
Bruce Cotterill: Is it time to reassess our independence?

Bruce Cotterill: Is it time to reassess our independence?

20 Jun 11:00 PM
Premium
Mary Holm: Embracing non-financial investments for a happier retirement

Mary Holm: Embracing non-financial investments for a happier retirement

20 Jun 05:00 PM
Gold demand soars amid global turmoil
sponsored

Gold demand soars amid global turmoil

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP