Column: Carlos Ghosn strikes back, and it's only going to get worse for Nissan
Carlos Ghosn’s escape started with walking out the front door of his rented house and stepping onto a bullet train.
But the catnip of the escape meant that he was going to have an audience that hung on his every word. Here, finally, was his opportunity to describe what it was like to be a prisoner in Japan — in solitary confinement, with the lights always on, and prosecutors interrogating him eight hours a day for days on end. “It will get worse for you if you don’t confess,” he says they told him. “And if you don’t, we’ll go after your family.
His fury at the Japanese prosecutors — and the executives at Nissan who he said colluded with them — was palpable. He named those he felt had betrayed him. He mocked Nissan’s performance since he was removed:that Nissan spent $200 million to get me. How rational is that?” Meanwhile, he added, Nissan’s market cap had fallen by $10 billion; the company had been hurt by spending so much time going after him at the expense of shareholders.
Ghosn accused prosecutors of breaking the law by spreading false information about him to reporters. The news conference was in no small part an act of revenge, and Ghosn made no effort to hide his enjoyment in finally hitting back at Nissan and the prosecutors.part of his presentation was his effort to refute the charges that have been brought against him, starting with the allegation that he had underreported some of his compensation.
When you get right down to it, Nissan and the Japanese prosecutors put a rich, powerful man — a man unaccustomed to being defied — through hell. Now that he has escaped, it’s his turn to put them through hell. And hell hath no fury like a CEO scorned.
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