Star To Fallen Idol: The Japanese Rise And Fall Of Carlos Ghosn

Carlos Ghosn's status as an outsider in Japan brought him huge success, as his maverick style blew a gale through a musty corporate world, but his disregard of business norms may ultimately prove his undoing.

Tokyo, (APP - UrduPoint / Pakistan Point News - 20th Nov, 2018 ) :Carlos Ghosn's status as an outsider in Japan brought him huge success, as his maverick style blew a gale through a musty corporate world, but his disregard of business norms may ultimately prove his undoing.

The man so embraced as the saviour of a once-stumbling firm that his life was made into an inspiring manga comic was Tuesday under arrest and facing allegations of financial misconduct -- including under-reporting his huge salary.

The companies he rescued -- Nissan and Mitsubishi -- looked set to dump him as chairman and his legacy as a boardroom saviour lay in tatters.

Until this week's dramatic events, the storyline had been one of almost unbounded optimism.

"Ghosn is likely the most successful foreign chairman in Japan," said Kosuke Sato, a senior economist at the Japan Research Institute.

"What he did was unprecedented in Japanese corporate history."