国际英语资讯:Spotlight: Nissan chairman Ghosns fall from grace sees further allegations of double-deali_时事

国际英语资讯:Spotlight: Nissan chairman Ghosns fall from grace sees further allegations of double-deali

While Ghosn's somewhat exorbitant salary raised some eyebrows in both the domestic and international automotive industry, his unique ability to implement harsh but effective cost-cutting measures to turn Nissan around and apply the same sense of adroit to the automotive alliance he was responsible for, made him worth every penny, industry insiders asserted, prior to his arrest.

In 1999, Ghosn, a French citizen who was born in Brazil, became Nissan's chief operating officer and was charged with boosting the at-the-time ailing automaker's market and profit margins, under a capital alliance with Renault.

In 2000, Ghosn was promoted to president of Nissan and turned the automaker around through cost-cutting and restructuring measures, including the closure of some of the firm's plants.

Ghosn had previously convinced shareholders he would stay with the automaker until it had been fully rehabilitated.

Continuing with his aggressive cost-cutting and streamlining measures, he became Renault's CEO in 2005 and advocated for joint procurement and development under the Nissan-Renault alliance.

Nissan's headquarters in Tokyo's neighboring Yokohama were raided on Monday by the Tokyo District Public Prosecutors' Office for evidence related to the allegations against Ghosn, which have sent shock waves not just through Japan, but the global auto industry.