Ghosn Shifted Personal Money Losses To Nissan
  • 5 years ago
Automotive News reports Carlos Ghosn, the former chairman of Nissan, shifted personal investment losses incurred during the 2008 financial crisis to the automaker to avoid millions of dollars in losses himself. When Ghosn's bank had called for more collateral from the executive, he instead handed the rights over the derivatives trade to Nissan, which effectively shouldered 1.7 billion yen which amount to $15 million in losses. Nissan said it could not comment on the report.
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