Carlos Ghosn, the chairman of Nissan and one of the world’s most powerful automotive executives, has been arrested by Japanese prosecutors in a move that sent shockwaves through the industry.
The 64-year-old French-Brazilian is suspected of having understated his income on financial statements and was exposed by a whistleblower. Nissan said it will fire him this week as the company admitted it had left him in control for too long

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Nissan’s chairman is arrested.
An internal investigation found that Carlos Ghosn, above, one of the auto industry’s most high-profile executives,underreported his compensationto the Japanese government for several years.
A director at the company, Greg Kelly, was also accused of financial misconduct and arrested. Nissan recommended that both be removed from their positions.
Mr. Ghosn, a French citizen, arrived at Nissan in 1999 after the French carmaker Renault bought a large stake in the Japanese company. He was widely hailed for saving it from financial collapse through cost-sharing and the elimination of 21,000 jobs. But he has had bitter pay disputes with the French government, a major Renault shareholder.
Nissan’s investigation into Mr. Ghosn began after a whistle-blower said he had been misrepresenting his salary and using company assets for personal purposes

And finally, here’s our latest take:
Carlos Ghosn, the chairman of Nissan and one of the…

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