32 Burst results for "Carlos Goan"
Trial for American Nissan exec Greg Kelly starts this week
"Against Japanese automaker Nissan and its former executive Greg Kelly, will open in Tokyo District Court on Tuesday. It's the latest chapter in the unfolding scandal of Carlos Goan super into a superstar, a TTE Nice until he and Kelly were arrested Two years ago. Prosecutors alleged Kelly was involved in under reporting Jones future compensation by about $85 million, which is a violation of Japanese financial laws. Joan has fled the country while out on bail. Both he and Kelly say they're innocent. Nissan, which is also similarly charged, is already acknowledged guilt. The trial expected to take about a year.
Lebanese Reaction To Nissan's Ex- Chief Fleeing Japan For Lebanon
"It's a Cliche to say this next story. Sounds like a Hollywood movie and yet former Nissan Chairman Carlos Goan had his passport seized. He was under twenty four hour. Our surveillance in Tokyo he escaped from Japan and then turned up in Lebanon. This means he will likely avoid going to trial in Tokyo where he faces financial misconduct charges charges. And it seems that Lebanon's government has welcomed him. So how did he get their Khloe. Cornish with the Financial Times is reporting out this story. She's on skype from in Beirut. Hey chloe I know so. You've been talking to people who have been talking to Carlos Jones family. Are we any closer to solving the mystery of how this man got Out of Japan. What are they telling you? I'm not I really to be honest at this point. Able to say how he got out of Japan and what what we do know at this point that he had a French possible in his possession which he was able to use what we do also know now this morning learning is that Turkish authorities are looking into how he was able to transit through techie on his way from Asaka in Japan to Ebanon which is what he seemed to have done. Sexual therapies at concerned that his entry and exit to the country wasn't registered That's interesting you also found out that he hired private investigators instigators right. What was their role in this so I just just to be fair? I didn't find that out but the so it's not private. Investigators I am but it's believed that a private security company was used to help orchestrate this this escape flight from Japan which clearly like took a lot. Uh Planning right as you say. Twenty four seven so they events you also reported that Lebanese officials had been pushing for his release. And I think this is one of the really interesting things things about Carlos going. This is what you might call a worldly man Can you explain to people why Lebanon is so interested in him in particular he has family roots roots. There right. Yes so call US Lawson which is how you pronounce? His name and Arctic is a Lebanese citizen. His his family are from Lebanon. He spent quite a large chunk of his childhood in Lebanon. He was he was born in Brazil and he has business interests here as well just sort of small business interests on the side of being one of the world's various automotive moguls and he's part owner of a winery and He he holds a Lebanese passport and the Lebanese government which which I found out yesterday had actually requested his extradition from Japan back in November last year in the formal formal letters to the Japanese government. And this was a request that was reiterated. Actually just a week ago in kind of coincidental timing When the Japanese foreign minister made an official visit to Beirut on some of the twentieth so at a meeting with The Lebanese beneath President and the Japanese far far Minnesota this file was was raised again. This request of Mr Corson's extradition was an for him to face trial in Lebanon rather than Japan was was raised again. I see in very quickly. What do Lebanese people ordinary people think of him for a long time on call us? Washington has been seen as a sort of August of successes. Eleven expatriate Lebanon has a very strong business culture and also has a huge population relation. But it's fair to say his is dimming. There's another I would think. Maybe he's maybe he is guilty. They don't they don't know financial supporter. khloe corners. Thanks so much thank you.
Japanese shares dip; Nissan hits 8-yr low as top exec decides to quit
"Shares in Japanese carmaker Nissan Assan has suffered a sharp drop of more than three percent on the Tokyo Stock Exchange. The drop came after the automaker announced the president of the company is stepping down the BBC's he is Brenda Marshall reports. It's just weeks. Since Nissan asked June sookie to lead a recovery process after financial scandal surrounding the company's former boss Carlos Goan own Mr Seconds resignation after a thirty year career at his son has raised doubts by investors as to the stability of the company's leadership despite a Nissan statement statement saying the firm's restructuring plans are on track. The company made no comment on the reason for Mr Sexist resignation. But it's widely reported. There may be disagreements agreements among the new management team over how to deal with Nissan's biggest shareholder the French carmaker Renault which has previously pushed for merger the BBC's Brenda Marshall Social reporting this sand is also posted a string of lacklustre. Earning quarters in
Nissan, J. Lonsdale And Nick Kostov discussed on WSJ What's News
"So nick. This is a complicated story. But what do we know about the funds that carlos goan used used for his investments in silicon valley startups so this story really begins in twenty fifteen and that year the the goan set up open investment vehicle in delaware who'd shotgun investments and this vehicle is to invest in startups in silicon valley so do i this work does that going son antony who was working at the time for a silicon valley investor j. lonsdale he would find investments and find stops which he thought would do well and he woods either make the investment himself. If there were swollen investments they were larger investments he would oscar's dodds for permission and for funds to invest the money in today startup so for example he wanted to make an investment in grab and so he amount his dad saying the grab was interesting investment and his dad sent over two million dollars and anthony obviously made that investment excellent so anthony who's ready to hunt going really provided the funds and obviously these funds now no we're coming from a nissan san client who is based in no man and who deposits money in a funding in lebanon and which then mr going direct rex to shogun investments okay so so what do we know about this connection with the fund in lebanon so the money which ended up at the delaware funding which was been invested into various start ups. We know that it came from an executive at a nissan distributorship co-defender kumar he's an international and he transferred the money from his bank account in switzerland to lebanon-based vehicle and then the money was transferred over to shotgun investments in the u._s. Now would japanese prosecutors allege. What nissan investigators believe is that. This money was actually siphoned-off from incentive payments that nissan were paying to the distributor in. I'm so japanese. Prosecutors specifically say that of two five million dollar payments that nissan may to the distributor twenty seventeen in two thousand eighteen five million of that they charge was diverted through the international defender cuma lebanon and over to show gun investments in the u._s. Now how tall us gun has very strongly denied these allegations yeah obsolete colors golden denies the allegations completely and forcefully and says he will fight inco and if given a federal prevail he says that this was a private investment he was providing private investment advice and that there was absolutely no link between screened the money that nissan which paints distributor and the money to defend ukraine with providing in that ended up as shogun investments yeah we'll forgetting any notion of criminality analogy. We still know that he had a personal business dealing with a client of nissan. What can we learn from this story about the broader gun saga. I think the story can paint a fuller picture of college <unk> actions. I didn't know of time the since november people who've been talk talk about this case in black and white is gonna give t's not guilty if he's not guilty then he should be allowed to go free. We we don't have anything criminal here but at least it allows houses to save more weakened <unk> very say that he started a kind of parallel business with a with a nissan client where he helps to invest forty million euros of funds coming from this person whether it's criminal or not i think it by international business standards. Many people say that that that shows somewhat questionable schnabel judgments and also decided that he didn't he didn't tell the company maybe create some sort of conflict of interest so i think it allows houses to to paint a picture of his actions in the years the japanese prosecutors and listening to the wall street journal's nick kostov and that's what's news for monday afternoon. I'm charlie turner for the wall street journal.
"carlos goan" Discussed on Wall Street Breakfast
"And Renault are reportedly such resolve a standoff about Nissan's corporate governance ahead of the Japanese carmaker shareholder meeting next week, a settlement would end one of the most acrimony disputes between the partners since the November arrest of Carlos Goan who formerly led both automakers Renault, which owns forty three point. Four percent of Nissan has been trying to insurance influence over Nissan, doesn't falter while the Japanese side has been pushing to maintain its independence. Apple has asked its major suppliers to evaluate the cost implications of shifting fifteen to thirty percent of their production capacity. From China to southeast Asia as it prepares for a fundamental restructuring of its supply chain. Nikai Asian review reports the tech giant's request was triggered by the protracted trade tensions between Washington and Beijing. But multiple sources say that even if the spat is resolved there will be no turning back as risks are too great, and even rising the country's being considered for diversification include Mexico. India, Vietnam, Indonesia, and Malaysia. CBS is once again preparing a buyout offer for Viacom in the coming weeks. Wall Street Journal reports this would Mark the third attempt to reunite the company's following last year's ouster of longtime CEO, les, Moonves preliminary discussions have already taken place over the layout for the deal. Sources emphasize, however, the deal was far from certain with fixing the price for a stock transaction being one of the major hurdles CBS is up point five percent and VA is up point nine percent. Pre-market. Other market headlines to watch for on seeking alpha, the US economy is a lot stronger than you think says contributor cliff droke Mexico's AM, L O pitches..
Proposed Fiat Chrysler/Renault Merger Could Upend Auto Industry
"The business wars daily is brought to you by Staples work is changing, but Staples is changing right along with it. The new Staples delivers solutions to help your team be more connected productive, and inspired. Learn more at Staples dot com slash change. From wondering, I'm David Brown, and this is business wars daily. Happy monday. Everyone put together businesses on four countries in three continents. In what do you have a merger, so massive? It could up end entire industry automaker Chrysler maker of Jeep Dodge Ram and Alfa Romeo vehicles proposed just such a merger to Renault last week. The offer comes after Fiat Chrysler spent years courting other potential partners, including Ford, Volkswagen, and even General Motors. Should the deal go through, it would make the merged company, the third largest automaker in the world following Toyota and Volkswagen? Currently General Motors holes that third-place lot Fiat Chrysler, is seven, the story is a dramatic when almost fit for a movie it involves the son of Italy's richest man, the arrest of a CEO, the death of another and even the president of France now, bear with me here while I untangle it for you. Fiat UC used to be enormous at one time it produced up to seventy percent of all of Italy's cars, its, owner was Playboy's, Yanni Anneli, who was so wealthy in powerful. He was considered the uncrowned king of Italy. According to the Wall Street Journal in nineteen Ninety-seven and yell. He's twenty one year old grandson, John Elkin joined the family business, but FIU, had weakened considerably by two thousand three Fiat was in enormous debt, then Johnny Ellie died, leaving the young L. Con in charge of an ailing empire Elkin convinced his family to increase their investments and bailout Fiat. He also hired a new CEO Sergio Marchi ONA who turned the company around in twenty eleven Fiat was strong enough to acquire the bankrupt Chrysler although successful Marchiani had a reputation for being a brutal negotiator, a reputation that quashed potential mergers, he died last year leaving the diplomatic Elkin in charge. And that opened up the merger possibilities. Meanwhile, Renault has had its own share of drama Renault his long been in an alliance with Nissan, but that alliance has been shaky since the Japanese arrested alliance. EEO Carlos Goan last November on suspicion of financial crimes Goan has denied the charges. Fiat executives say the two companies would share infrastructure and technology, but would not close plants or fire workers, French in Italian unions would have protested layoffs. The Wall Street Journal reports France owns a fifteen percent stake in Renault. The proposed merger is so delicate that Renault ran the idea by French president Emmanuel Macron, mccrone gave his blessing. Renault has responded to yachts bid with interest. The deal comes at a time when every major car company is developing, or already selling electric vehicles, and many have autonomous cars in the lab or on the drawing board carmakers need billions of dollars to develop driverless vehicles one factor prompting off. Oh, exacts to combine their resources. But analysts say a global marriage this complicated could take a year to put together and some observers warn that what looks good on paper can be extremely hard to pull off after all merging technologies is one thing merging personalities and cultures. That's something else in tirelessly. From wondering this is business wars daily. Hey, if you like our show, take a second to give us a five star rating and review on apple podcast. Would you. It helps people find it. Thanks a lot. I'm David Brown and we'll see you tomorrow.
Carlos Ghosn Awaits Release From Jail After Posting Bail
"They saw former chairman Carlos Goan is awaiting release from the Tokyo detention house after he paid four and a half million dollars bail. Prosecutors fighting to keep going into tension and it's unclear when he might be set free. The prosecutors say they vehemently opposed releasing Goan contending he could tamper with evidence or influence witnesses Joan was arrested in November released on bail in March but rearrested and detained in April on fresh financial misconduct
Nissan's Carlos Ghosn indicted a fourth time in Japan
"For the fourth time in recent months prosecutors in Japan or filing charges against former Nissan chairman Carlos Goan, NPR's, Anthony Kyun. Says gone denies all accusations against him including financial misconduct and breach of trust Goan was detained on financial misconduct charges in November in his detention would have ended today if prosecutors hadn't brought fresh charges this time he's accused of skimming money from a Nissan subsidiary and using it to buy jets and a yacht before his fall going. Let him mighty automotive alliance including Nissan Mitsubishi and Francis Renaud gun remains in custody in
Carlos Ghosn Offers to Accept Camera Surveillance in Bid for Bail
"Prosecutors in Japan have appealed the decision granting bail to former Nissan chairman Carlos Goan. He's been jailed for nearly four months, and it's not clear if you'll be released Abigail Leonard reports from Tokyo Tokyo district court set goals bail at one billion yen or about nine million dollars. Bail is rarely granted without a confession in Japan. But going agreed to round the clock video surveillance and electronic tagging to ensure he doesn't flee or tamper with evidence gone continues to deny charges that he understated his pay. And also used a Nissan subsidiary to cover personal trading losses. Gone who has Brazilian Lebanese. And French was one of the few foreign leaders of a major Japanese company earlier this year he called his arrest. The result of plot and treason by Nissan executives who opposed his plan to finalize a merger with French car company.
"carlos goan" Discussed on Bloomberg Radio New York
"I'm Doug krizner at Bloomberg world headquarters in New York. Let's check this hour's top business stories and the markets activision blizzard announced plans to slash costs across the company that's after reporting sales below estimates. And delivering a disappointing forecast. Activision blizzard chairs picked up three percent in late US trading, Amazon and General Motors are said to be in talks to invest in the electric truckmaker riven Japanese machine tool orders slumped last month by eighteen point eight percent. That's a year over year reading and it follows an eighteen point three percent decline in December. This seems to gel with a deepening slump in South Korean exports along with a collapse in shipment orders in both Germany and Taiwan. When it comes to the theme of slower global growth the New Zealand dollar picked up as much as one point four percent against the greenback. After the RBM said said the official cash rate is expected to stay at this level through twenty nine hundred. Eighteen and twenty twenty Nissan is taking an eighty three million dollar charge against payments due to its former chairman Carlos Goan gone is under investigation and is in prison. Nissan is also cutting its operating forecast to the lowest level in six years and US secretary of state Mike Pompeo said the task for the US is to make sure it's information on wall way is widely known an individual countries can make their own decisions when it comes to using while we a quick moment for their five G networks. We check markets every fifteen minutes here on Bloomberg. We have a weaker yen and a stronger Nikkei with the Nikkei up one and a half percent. Hang sang is higher by three tenths of one percents. Shanghai composite up six tenths of one percent, the kospi better by three tenths of one percent. And the ASX two hundred down four tenths of one percent. The US ten year treasury with a yield of two point six nine percent. Global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and. Analysts. This is Bloomberg. New Jersey Democrat Senator Bob Menendez and Representative Bill Pascrell released legislation that would fully restore the tax deduction for state and local taxes known as salt and June President Trump's 2017 tax law cap the tax break at ten thousand dollars which covers only a fraction of the salt bills from Eddie taxpayers in high tax states. Senator Menendez spoke with Bloomberg's Caroline Hyde. And scarlet FU about the plan. My question is why now when the Senate is fully controlled by Republicans. How far.
Ghosn says Nissan executives used 'plot and treason' to halt Renault integration
"Marshall, the former motor tycoon Carlos Goan said the charges pressed against him by Japanese prosecutors as a result of a plot by Nissan executives, which he described as treason, he was speaking to Japan's Nikkei newspaper in his first interview since his arrest in November on financial misconduct charges. Mr. goon said that some in Nissen opposed his plan to integrate Renault the French car company, he headed with its Japanese partners Nissan and
"carlos goan" Discussed on News Radio 920 AM
"Get me out jet off this too. Stay hydrated in this food. I don't know. Twenty seven hour flight. So that's true. Yeah. Pretty well stocked loaded on, you know, have some biz fro that must have been. Just absolutely terrible. Oh, no. Thanks. Speaking of seeming, complete and utter disaster Carlos Goan, he had a revise bail requests. So we just want to date everyone. He is still in jail. Yes, Johnson's November nineteenth is still there. And there is no indication that he's ever getting out. So that's our daily Carlos going update. I don't really have much else to add to the story. We seem to talk about it. He's always in the stack. What was the last time we had a day of the financial exchange? Carla going update it's been a while November eighteenth. I mean, but we have to update the people. I mean, this is a this is going to be a movie I feel. Yeah. Fascinating. What's going on? It is November nineteen forty nuts. I quickly he was arrested based on the fact that they brought a jap-. Japanese regulators brought up charges that he did not properly disclose income that he received from the company's going is fighting this tooth and nail saying it's completely illegitimate. And it seems quite frankly, pretty illegitimate in terms of the charges. So that's taking it from our perspective here. Let's talk about the government shutdown old, but more talked about it a little bit in the first hour. We could talk about I don't really want to talk about the merits of whether the government should be opened or not. I really want to talk about how it's starting to impact the economy here. So let's go through a few of the big things that are being delayed because of this government shutdown. Well, let's start with the fact that you know, the SEC is shut down. And so that's impacting impact all of us impacts company's abilities to enter the IPO market to start listing. And there's a few big ones this. I mean Uber and lift were both expected to IPO this year yet. I mean, those are the biggies wasn't Pinterest in that mix too. I'm not sure boss. I'll look it up. I mean long list of companies that wouldn't seem like this would delay for a full year. But if you don't have this stuff in by February March, it could really really put off your plans full year. Yeah. Pinterest back in December. There was a headline saying that Pinterest is getting ready for an early twenty nineteen IPO. So that's all being delayed. Airlines are actually seeing some some pretty significant cancellations across the board from contracts, right government contracts across the board. And you know, it's even affecting other companies like Marriott's on Marianne came out today and said all their hotels in the DC area. One hundred fifty hotels are significantly improve the shutdown. Yup. Not surprising. There the one that. I am most concerned about is that beer and alcohol companies cannot get new types of product out there. They have to be approved by department of treasury by. The FDA and they cannot get new brands out. So that's that's craft breweries. Okay. Well, I mean, I'll pharmaceutical companies as well, they can't get their new products approved either. They are apparently inspecting those high risk meats and cheeses and stuff quick break. When we come back skirting more of this exchange is live on Facebook. So make sure to like our page and watch the guys break down the.
"carlos goan" Discussed on AP News
"More legal trouble for X Nissan, chairman Carlos Goan, AP's various shaklee reports he's been charged with breach of trust. In the Tokyo district court charged with full defying financial reports in underreporting his income by about forty four million US dollars over five years through two thousand fifteen gone Greg Kelly, another Nissan executive and Nissan as a legal entity were charged with additional under reporting of income from two thousand fifteen through fiscal two thousand seventeen guns Lewis request be granted. Release on bail. Kellyanne Nissan were not charged with breach of trust. I'm serious shakily. Alost bag with ten thousand dollars in it and has been returned to its owner in New York City, and then Hatton woman has expressed her gratitude to Richard Verna, a retired financial consultant who found the purse on a subway platform on December twentieth and took it to police. The woman had filed the police report before heading to 'cause Don and had planned on using some of the money to buy Christmas presents when they met she presented to Verna with a statue, a hug and a donation in his name to a charity. Former New York mayor Michael Bloomberg says if he runs for president in twenty twenty he'll pay for it himself. He's also offering a bride defensive candidates who use personal riches to bankroll campaigns. Another top contender, Massachusetts Senator. Elizabeth Warren has decried the presidency becoming one more play thing that billionaires can by Bloomberg told reporters in terms of self funding. Let me tell you. I've made all my money. He says it shields him from having to answer to special interests missing. Teen is back home. I'm Tim Maguire within AP news minute thirteen year old Jamie cloth abducted last October from her Wisconsin home. After her parents were killed has been reunited with relatives in Barron. Wisconsin Barron county sheriff Chris FitzGerald says the twenty one year old Jake Paterson had no known contact with the close family before the attack. We don't believe there was a social media connection. And we're determining how he became aware of Jamie. The girl escaped yesterday from the cabin where she had been held in a rural area near the town of Gordon at some sixty miles from baron Patterson as a court appearance on Monday, partial government, shutdown likely to be the longest in US history. President Trump's softens is pushed to issue an emergency declaration to take the wall funding issue out of the hands of congress. The absolute right to do it. But I'm not gonna do it so fast because this is something congress should do some eight hundred thousand federal workers are affected by the shutdown. I'm Tim Maguire AP digital news back in a moment. Jimmy Fallon's tonight show broadcast from Puerto Rico will showcase artists with ties to the US territory. Besides previously announced guest Lin Manuel. Miranda felon says he'll be joined by musicians Jose Feliciano bad bunny. Does Oona chef and activists Jose Andres? Let a grassroots effort to feed island residents after twenty seventeen. Hurricane Maria will also be part of the January fifteenth. Show the show aims to highlight Puerto Rico's culture as well. As what it still faces after the disaster, including restoration estimated by the government at more than one hundred thirty billion. The government shutdown has stopped. A pelican from flying south for the winter a baby Brown pelican that landed near dachshund Rhode Island will likely remain stranded in Chile New England the bird may have been steered north by recent high winds he'd become a local sensation and dockworkers even gave him a nickname Burt. But as temperatures dropped bird the bird was taken from the area by the department of environmental management to a wildlife sanctuary. Now, he might be stuck the executive director of wildlife rehabilitators association of Rhode Island said they can't get the needed federal permits to move him across state lines to a more southern location pieces of Motown's original story. The haven't been seen by the public are now on display in Detroit. It's part of the label's sixtieth anniversary celebration..
Jimmy Kimmel Heading to Puerto Rico With 'Hamilton' for Hurricane Relief Episode
"Aims to highlight Puerto Rico's culture as well. As what it still faces after the disaster, including restoration estimated by the government at more than one hundred thirty billion. More legal trouble for X. Nissan, chairman Carlos Goan, AP's various shaklee reports he's been charged with breach of trust. In the Tokyo district court charged with full defying financial reports in reporting his income by about forty four million US dollars over five years through two thousand fifteen gone Greg Kelly, another Nissan executive and Nissan as a legal entity were charged with additional under
Trump says he has right to declare border emergency
"Of defense to pay for the wall. That is if it was declared illegal by a judge, and there would be bound to be legal challenges. It would succeed however in ending the shutdown albeit leaving the final outcome up to judges not the president or congress, but it's very much seen as a last resort. And there are reports here that the the president's closest advisers, including his son-in-law, Jared Kushner are advising him to hold off. Now, the shutdown on course now to be the longest ever, David. Is there any sign of anyone giving way and maybe some kind of resolution being found? Well, that's right. He's about to enter its twenty first day, Paul tying the record for the longest government shutdown in US history. Tomorrow was payday for hundreds of thousands of federal workers. It won't be now. Now, President Trump having walked out of talks, of course with congressional Democrats yesterday. And today, the president said it was easier to deal with China than it was to deal with the Democrats David Willis, they're our reporter in Washington to Japan next where former Nissan chairman Carlos Goan is expected to face charges relating to allegations of financial misconduct. Just as his period of detention in a Tokyo jail is set to expire. We can go live to the BBC's America oil for more on this America. How likely is it that he is going to face charges? I think it is why the expected even his lawyer when he had a press conference earlier in the week when Mr. goon also made his first public appearance in court. The lawyer also said that he is expected Mr. going to be charged with this afresh allegation fresh charges if aggravated breach of trust. So that's more serious than what he has already been charged with. Which is under reporting his income by some eighty million dollars. This new charge is about he's accused of shifting his personal private investment. Losses onto Nissan. A he's also accused of making quite a hefty payments to a Saudi businessman who allegedly helped and cover up the losses. Of course, Mr. goon denied all the allegations on Tuesday, but we are expecting him still to be charged in the next three or four hours before that detention expires and on Thursday night. Renos board has shown faith in him. Can you tell us about that? That's right. The board meeting took place yesterday during which they said that they found no wrongdoing by Mr. go or any other executives still in as you know, that infringe fringe media, especially there has been quite a lot of criticism about how Japan's judicial system is treating Mr. gone, but at the same time, there are a lot of experts in Japan, saying, you know, this is the system that we have you know, there's never been. This much international attention on Japan's judicial system. But it does the basic rule is that when you get arrested by the special unit of the prosecutor's office. You can get held for forty eight hours, which can be extended my ten days, and
"carlos goan" Discussed on NewsRadio 1080 KRLD
"The other side of the news brought to you by within brothers. Or a great story. Papa west Ray Upper West dry. The island the Scotland. That is something else. Six twenty four now time to check on your money for army, no LLP for accounting and business consulting Carlos Goan has lost an appeal against his ongoing detention diminishing prospects of an early release on bail for the auto industry icon fighting charges of financial misconduct while he was heading Nissan owns attorneys will appeal according to NHK news. He was arrested November nineteenth Brazil known for its unique steakhouses is seeing a growing appetite for a different type of meal burger kings six hundred and eighty calorie Walker the CEO of Burger King. Brazil says the company is opening a new site there every three to four days, but seven hundred thirty six sites became Brazil is challenging McDonald's for the fast. Food crown. Mcdonald's has nine hundred thirty nine sites in Brazil, stock futures indicate a higher Wall Street open as China and the US wrapped up three days of trade. Talks. People familiar say the sides were closer in some areas, including agriculture and energy, a higher close on Wall Street. Yesterday with the SNP up one percent. Gina Cervetti, Bloomberg radio. Gina it is six twenty five now at KRLD with traffic and weather together on the eight coming up, and then the president's speech in the Democrats reaction. This is a humanitarian crisis a crisis of the heart and a crisis of the soul, the symbol of America. Should be the statue.
"carlos goan" Discussed on KCRW
"The Trump administration is now promising the Internal Revenue Service will still keep sending out tax refunds I- colleague, Scott Tong is following this reversal in policy. Previously processing refunds was not deemed an essential government activities, Scott, what's the logic now. Well, the official reasoning here is the White House wants to minimize the. The pain of the shutdown on regular Americans. Now, I'm Pat downs. The White House has banned the IRS from doing this. Now, the White House budget office has a new policy, and the argument is that tax refunds are similar to social security checks, which have continued in past shutdowns, those are considered essential to protect life and property now, the unofficial reasoning according to skeptics is the White House wants to juice the economy and get the credit and the average refund last February is more than three thousand bucks. So that adds up to hundreds of billions in economic stimulus with there's some debate here over whether this these refunds are allowed. I surely there is opponents are asking. Well, what's the reason for this change into them? The details so far have been sketchy. They argue that if congress has not okayed the money for the treasury department. It can't spend it on IRS workers who have to process these refunds and right now eight out of nine IRS workers are home during the shutdown, and they would have to come back to do this work without any pave. If why the filing season starts. On January twenty eighth Scott. Tom reports out of marketplace's Washington bureau Carlos Goan until recently, the chairman of Nissan Motors of Japan and current CEO of Renault of France got his first moment in court today. He said today he is innocent and has been quote, wrongly accused and unfairly detained based on meritless and unsubstantiated accusations go and has been in detention for fifty days so far amid allegations the understated his compensation. A judge today refused to grant bail checking the markets the.
Ousted Nissan leader tells Tokyo court: 'I am innocent'
"Carlos goan. The former chairman of Nissan was in Tokyo courtroom to answer charges of financial improprieties, the BBC's Rupert Winfield haved. They said he came in in handcuffs in prison garb in plastic. Her slippers that he looks thinner and that his hair was grey. But he has made a very robust statement and denial of the allegations against him
"carlos goan" Discussed on WBT Charlotte News Talk
"Afternoon along I sixty four she stopped her patrol car during a traffic stop during that stop police say an MS de tanker driven by sixty year old Roger for debt hit the back of mango dotes car her cruiser, then caught fire Burnett was arrested for DUI and now murder of a police officer Joel Schipper with my FOX Louisville a police dog shot while chasing a fleeing suspect outside a crowded south Florida shopping center on Christmas Eve, the dog is deceased what he did his job. Save those deputies lives Palm Beach county sheriff Rick Bradshaw two suspects under arrest now facing criminal charges actor Kevin Spacey, he posted an online video some described it as bizarre, others creepy. Kevin Spacey video in which he appears in character as his former house of cards character addressing sexual assault. Allegations sparked reaction on social media. Of course, some believed everything and it just been waiting with baited breath to him confessed. It all listen Milano called the video creepy while posting a link to a story about Spacey being charged with sexually assaulting eighteen year old son of Boston news anchor W Kamau bell posted a medium of Saturday Night Live star Leslie Jones with the words bra what the hell writer and producer. Craig Mazin wrote them on positive aspect of the video is that we can all point to it and say, that's what happens when you don't have a screenwriter. Fox's Michelle Pollino Nissan. Exact greg. Kelly granted bail in Japan. He was arrested November nineteenth had been in detention accused of helping his boss ousted. Nissan, chairman Carlos Goan under report his income going who was arrested at the same time still behind bars the to claim they've been set up because they are foreigners. I'm.
Tokyo prosecutors appeal after court decides against extending Ghosn detention
"To have stalled now to Japan where Carlos Goan who once held the keys to Nissan could be free on bail as early as tomorrow jailed, former Nissan executive gone and an aide. Greg Kelly are expected to be released soon after the Tokyo district court denied prosecutor's request to prolong their detention Gonen Kelly were arrested last month for allegedly underreporting millions of dollars of guns in reporter Lucy craft on the story
"carlos goan" Discussed on Here & Now
"Carlos Goan, though, one story chair of Nissan Motor company was indicted today in Tokyo for understating his pay by about forty three million dollars between twenty ten and fifteen. It's shocking news about the man who wants earned the names seven eleven and Mr. fix it for the tireless work ethic that rescued Nissan from the brink of bankruptcy two decades ago. He also forged a powerful alliance of Nissan, Renault and Mitsubishi. He even had a popular manga comic book series made about his life. Well, if these allegations are true, they may need to write a sequel Joe Slesinger business analyst with CBS news host of on money in the podcast better off joins us. Now, Jill first off tell us more about what Goan and Nissan are accused of. Well, the prosecutors in Tokyo or alleging that he conspired to report just about half of his compensation for the five years ended March of two thousand fifteen. And although this was not part of the formal charges. Right. This minute there also could be additional charges for the three years ending March of twenty eighteen and if you put those eight years together, it looks like under statements of about eighty million bucks. And I should also note it's not just gone. It is also his deputy who is sitting in jail right now, I should say, and they will be in jail for until this thing gets judicata. Did is that what they mean when they say Nissan was indicted as well because people had no that he was doing this. Yes. Absolutely. I mean, the two individuals are facing up to ten years in prison. Nissan faces a maximum fine of up to seven hundred million yen that translates into six point two five million dollars for each year of incorrect financial reports. So, you know, telling it up over eight years, it's fifty million bucks. I should also note that Japan has a very high conviction rate more than ninety. Seven percent of criminal cases in Japan result in a guilty verdict. Okay. Look, I would say given that you know, maybe ten years in jail. Why would he do this isn't enough to be a multimillionaire? But I think we might need a psychologist for that. But wh why is it so important to know what someone's actually making? Well, I mean, look this is enormously important because if you're under stating your compensation what else are you understating? And I think that this really does call into question. What else did Goan do? Remember, he was the chairman and CEO of Renault the chairman of Nisa on the chairman of Mitsubishi and the CEO of the Dutch entity that acts as the bridge between Nissan and Renault. He was seriously considered like the God of the global automotive world. Well, we mentioned this alliance between Nissan Mitsubishi and Renault after arrest on November nineteenth Nissan and Mitsubishi. Dump? Tim miss chair. Renault has kept them on for. Now would is this mean for the alliance and how are the markets reacting? I think that that each of the companies is down to three percent on the announcement of the indictment. But this really does call into question as well. What happens in corporate governance when one guy is so much part of a company's fabric. So I would imagine that there are going to be some names floated for these companies, but I almost could bet that from the Japanese side, they want a Japanese national in charge of their companies that are such big parts of their economy. Well, he watching juice lessons your business analysts with CBS news, host of Jilin money. Thank you. Thank you it. Why isn't fifteen million enough? Why why do you have to add?.
Nissan's Carlos Ghosn indicted for underreporting pay
"Japan's Prime Minister Shinzo Abe's says Japan French relations are unshakable despite concerns over the future of Nissan's alliance with Renault. The concern stems from the charging of the automakers former chairman Carlos Goan with under-reporting millions of dollars of income Tokyo. Prosecutors have charged Goan another Nissan executive Nissan itself with under reporting his income by forty four million dollars over five years as it was crucial for Nissan, Renault and allies partner Mitsubishi Motor to remain United and improve their
"carlos goan" Discussed on AP News
"Had Mario Draghi is renewing his pleas to fix flaws in the nineteen country euro currency on Monday in the European parliament. He urged European leaders to adopt a central spending capacity to buffer individual governments against financial crises. He said the euro area needs a fiscal instrument to help maintain convergence in the face of sun shots like the two thousand seven oh, eight global financial crisis Draghi's. He said such fiscal pot needs to be big enough and should deploy automatically when trouble strikes, but was not encourage irresponsible spending by governments. About a week after Nissan gave the boot to chairman Carlos Ghosn following his arrest on suspicion of financial irregularities. AP's Eureka Yama reports. He's now lost his gig in the same position with Mitsubishi Motors, which is the Japanese automaker allied with Renault and Nissan had a board meeting, and they voted unanimously to dismiss Carlos Goan acids, chairman gong was arrested just a week ago and three days after that Nissan's board met and ousted him acids chairman to firings from the alliance of three however Renault has decided to keep going on for now. This was the other element in the three way. Alliance. Renault has kept Goan as chief executive that was the title yet Renault. He was chairman that Mitsubishi and Nissan, so the French automaker has had a different response. Prosecutors they go under reported his income by forty four million dollars over five years is arrested ousting from. Nissan came following an internal investigation prompted by a whistle blower, which also found gone misused company money and assets. Mexico is reacting to migrants who tried to breach the border with the United States AP's. Julie Walker reports a peaceful March in Tijuana devolved into chaos resulting in thirty nine arrests US agents fired.
"carlos goan" Discussed on AP News
"Vikings finally getting the win column against the Packers AP's Kevin faultless reports for Minnesota. It means they remain the NFC's top wildcard team. Her cousins threw for three hundred and forty two yards and three touchdowns as the Viking slipped past the Packers twenty four seventeen on Sunday night football, Stefan, digs caught eight balls for seventy seven yards and a score. Well, Adam deal and caught eight for one hundred twenty five and a touchdown. Aaron Rodgers was held at one hundred ninety eight yards passing for the Packers who have yet to win on the road this season and have lost four of their last five. Overall, the Vikings in the victory improved to six four and one Kevin foulness, Minneapolis. About a week after Nissan gave the boot to chairman Carlos gone following his arrest on suspicion of financial irregularities. AP's Yuri Kalki Yama reports. He's now lost his gig in the same position with Mitsubishi Motors, which is Japanese automaker allied with Renault and Nissan had a board meeting, and they voted unanimously to dismiss Carlos Goan acids, chairman gong was arrested just a week ago and three days after that Nissan's board met and out sit him acids chairman that makes two firings from the alliance of three however, Renault has decided to keep going on for now was the other element in the three way. Alliance. Renault has kept Goan as chief executive. He that was the title he had Renault. He was chairman that needs to be she and Nissan. So the French automaker has had a different response. Prosecutors they gone under reported his income by forty four million dollars over five years is arrested. Ousting from Nissan came following an internal investigation prompted by a whistle blower, which also found gone misused company money and assets. Online shoppers looking for holiday gifts will find they're now being charged sales tax because of a supreme court ruling the court gave states the go-ahead to collect sales tax on online purchases. Now, more than two dozen have moved to take advantage of the ruling many ahead of the busy holiday shopping season. Whether shoppers get charged sales tax for online purchases comes down to where they live and where they're shopping before the supreme court's recent decision. The rule was that businesses selling online had to collect sales tax only in states where they had stores warehouses or another physical presence now states can force out of state sellers to collect sales tax if they're doing a fair amount of business in the state. Hi, I'm making crane AP digital manager and host of the podcast ground game. I look at the top political issues bubbling up around the country ahead of this year's midterm elections. It's available on apple podcasts and podcast one. While you're there, be sure to subscribe rate and review it that's the podcast ground game. AP radio news. I'm Tim McGuire. President Trump is holding a second rally in Mississippi for appointed Republican Senator Cindy Hyde Smith.
"carlos goan" Discussed on AP News
"Police in Turkey comb to residents in the country's northwest. According to the state run news agency AP's Charles day with desma reports it's part of the probe into the killing of Saudi journalist Jamal kashogi. Turkish news agency says the search is taking place at the villa in the town of turmoil in Yala province, the agency says crime scene investigators and sniffer dogs apart of the search are media reports. However when further saying police are searching for the remains of the slain Washington Post columnist Jamal Khashoggi who wrote critically about Saudi Arabia's crown prince. He wasn't immediately clear who the villa belongs to Charleston with asthma. European Central Bank. Had Mario Draghi is renewing his pleas to fix flaws in the nineteen country euro currency and Monday in the European parliament. He urged European leaders to adopt a central spending capacity to buffer individual governments against financial crises. He said the euro area needs a fiscal instrument to help maintain convergence in the pace of sudden shots like the two thousand seven oh, eight global financial crisis. Draghi's had such a fiscal pot needs to be big enough and should deploy automatically when trouble strikes, but was not encourage irresponsible spending by governments. About a week after Nissan gave the boot to chairman Carlos Goan following his arrest on suspicion of financial irregularities. AP's Yuri Kalki Yama reports. He's now lost his gig in the same position with Mitsubishi Motors, which is Japanese automaker allied with Renault and Nissan had a board meeting, and they voted unanimously to dismiss Carlos Goan acids, chairman gong was arrested just a week ago and three days after that Nissan's board met and ousted him acids, chairman to firings from the alliance of three however, Renault has decided to keep going on for now was the other element in the three way. Alliance. Renault has kept gone as chief executive that was the title yet Renault. He was chairman that needs to be she and Nissan. So the French automaker has had a different response. Prosecutors they go under reported his income by forty four million dollars over five years is arrested ousting from. Nissan came following an internal investigation prompted by a whistle blower, which also found gold misused company money and assets. Manafort accused of lying to investigators. I'm Tim Maguire the AP news minute special counsel. Robert Muller's office tells a federal court that former Trump campaign chairman Paul Manafort has broken his plea deal by lying to the investigators and afford has been meeting with the investigators since he pleaded guilty in September two crimes connected with his political work in Ukraine and undisclosed lobbying efforts his lawyers. Insist he hasn't lied to the investigators looking into Russia's meddling and the Trump campaign, President Trump and a campaign speech, Mississippi, Senator Cindy, Hyde Smith who is in a runoff election tomorrow against democrat. Mike Espy tells the crowd that the border patrol's use of tear gas against Central American migrants who tried to cross into the US from Tijuana Mexico. Sandy a clear message to the caravans entered the trespasses turn around go back home. Trump is holding a roundtable event in Gulfport before taking part in the second rally tonight for Hyde Smith, I'm Tim Maguire..
Mitsubishi Motors dismisses Ghosn as chairman
"About a week after Nissan gave the boot to chairman Carlos gone following his arrest on suspicion of financial irregularities. AP's Kalki Yama reports. He's now lost his gig in the same position with Mitsubishi Motors, which is the Japanese automaker allied with Renault and Nissan had a board meeting, and they voted unanimously to dismiss Carlos Goan acids, chairman was arrested just a week ago and three days after that Nissan's board met and ousted him acids, chairman to firings from the alliance of three however, Renault has decided to keep going on for now was the other element in the three way. Alliance. Renault has kept Goan as chief executive that was the title yet Renault. He was chairman that needs to be she and Nissan. So the French automaker has had a
"carlos goan" Discussed on AP News
"AP's Eureka reports. He's now lost his gig in the same position with Mitsubishi Motors, which is the Japanese automaker allied with Renault and Nissan had a board meeting, and they voted unanimously to dismiss Carlos Goan acids, chairman gong was arrested just a week ago and three days after that Nissan's board met. And out sit him acids chairman that makes two firings from the alliance of three however Renault has decided to keep going on for now. This was the other element in the three way. Alliance. Renault has kept gone as chief executive that was the title he had at Renault. He was chairman that needs to be she and Nissan. So the French automaker has had a different response. Prosecutors say going under reported his income by forty four million dollars over five years is arrested ousting from Nissan came an internal investigation prompted by a whistle blower, which also found gone misused company money and assets. UK Prime Minister Theresa may has don't eat the two week race to convince the British public and a skeptical parliament tobacco deal she strict with the European Union. The deal needs to be approved by parliament but schools have legislators from both the opposition amaze governing conservative party say they will oppose it. The prime minister aims to convince them the deal almost the referendum in two thousand sixteen so Britain vote to leave the EU Xiang Yu's, the British people a sick of endless debates about Brexit and backing the deal with allow the country to come together. Again, parliament's vote is ju- before Christmas likely the week of December tenth..
"carlos goan" Discussed on Bloomberg Radio New York
"International airport. I'm Michael Toscano. And I'm Ed Corry from Bloomberg radio newsroom. Stocks in New York not trading today. Because of the thanksgiving holiday stocks in London trading down about one percent in Germany. The Dax down half a percent. The caq down twenty points down about four tenths of one percent. In france. In Asia, stocks are makes the Nikkei in Japan up six tenths of the close. The hang sang two-tenths and the CSI three hundred China down about a third of one percent. These on's board has removed. Carlos Goan is chairman NHK reports the vote by directors was unanimous Nissan is trying to contain the damage from the iconic executives arrest three days ago for financial misconduct. Going into was the architect of Nissan's nineteen year Lyons with Renault and help turn both companies a Renault and Nissan around during troubled times for the industry. US consumers will be hit pretty hard. If President Trump goes ahead with additional tariffs on imports from China, which would. It goods worth about two hundred sixty million dollars in twenty seventeen. That's because China has an exceptionally large market share in goods that have so far escaped the tariffs, according to new research from Deutsche Bank. It says ninety three percent of US laptop imports came from China in two thousand seventeen while eighty percent of mobile phone imports came from that country. Black Friday shopping is become as much at American holiday tradition is eating leftover Turkey. Bloomberg's Courtney Donohoe has an overview online shopping on thanksgiving and black Friday was some point nine billion dollars in two thousand seventeen up fifty percent over two thousand sixteen sales for the two day period. Adobe estimates that this year the five day stretch from thanksgiving through Monday will account for almost one fifth of all online holiday revenue. Global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Ed Corry. This is Bloomberg. You're listening to Bloomberg best on Bloomberg radio. I'm Ed Baxter. We've.
"carlos goan" Discussed on WAFS Biz 1190
"Thrown into turmoil by the arrest of Carlos Goan Nissan says it's board will vote Thursday on removing as chairman after he was detained in Tokyo for allegedly breaching financial laws. Renos board will also be discussing the allegations. Nissan. Ceo Hiroto, stay Kaur who was gone protege also confirmed the arrest. Unable to talk about the details, but needless to say, this is an act that cannot be tolerated by the company hit our experts. Judge gives them enough reason for dismissal. Our Asia companies editor Dave mccombs joins us now from Tokyo, Dave. What's the latest? And what do we know about that whistle blower in particular? Well, just reported within the past hour that the whistle blow was someone in the legal department. We don't know we have not confirmed that independently, but that does signal that it was someone inside the company that was at a fairly high level one of the questions that swirling around this is of course, you know, what what kind of responsibility with the upper executives have given that this was based on an internal investigation. You know this allegation emerge. Not from something. The authorities were looking into. But from something the company itself was looking into and then reported to the authorities. Ryan is whether the alliance is going to be able to survive you've been speaking to quite a few investors as well. What's been the feedback here? Well, the there are a lot of different angles to look at this from you know, when it comes to analysts and investors there's a big difference depending on which company you're looking at which company you hold shares. And one of the emerging themes has been that for Nissan. This is the dissolution of this alliance would not necessarily hit that hard Renault in some senses has been is seen as a drag on the company and drag on the company's management, which is something Nissan itself. Some of their executives have already complained about and which analysts have seen is not necessarily a big benefit to the company of the reverse is true for Renault. Of course, they see Nissan is a very important part of their company, you know, giving them the kind of global reach that they don't have without Nissan Mitsubishi would of course, be vulnerable being the smallest of the three of being a company that was essentially rescued by Nissan. So if that alliance should completely fall apart. They would be left. In a in a very competitive market with a very small niche, and they would face the same troubles. They were facing before the bailout. Dave very quickly. What are the analysts actually saying here is this going to be big enough to start impacting Nissan sales? I think it's certainly too early to say whether it would impact their sales or not. But certainly this is going to be a shakeup within the management ranks. You know, any any kind of abrupt problem like this is bound to shake confidence in the management. And certainly that goes all the way down the chain. So it's going to have a big impact on the company. There's no doubt about that. All right. We'll have to leave it there. Thank you very much for that. It's interesting. How converts Bank put this saying that going is to cement that binds the Nissan Renault Mitsubishi. Thanks a lot. For those insights, get you a bit.
"carlos goan" Discussed on Bloomberg Radio New York
"Well, the global auto industry's biggest alliance has been thrown into turmoil by the arrest of Carlos Goan Nissan says it's board will vote Thursday on removing Gonesse chairman after he was detained in Tokyo for allegedly breaching financial laws. Renos board will also be discussing the allegations. Nissan. Ceo Hiroto say Kaur who was protege also confirmed the arrest. Am unable to talk about the details. But needless to say, this is an act that cannot be tolerated by the company experts judge that this gives them enough reason for dismissal. Our Asia companies editor Dave mccombs joins us now from Tokyo, Dave. What's the latest? And what do we know about that whistle blower in particular? Just reported within the past hour that the whistle blow was someone in the legal department. We don't know we have not confirmed that independently, but that does signal that it was someone inside the company that was at a fairly high level one of the questions swirling around this is. Of course, you know, what what kind of responsibility with the upper executives have given that this was based on an internal investigation. You know, this allegation emerged not from something. The authorities were looking into. But from something the company itself was looking into and then reported to the authorities. The key issue finalists is whether the alliance is going to be able to survive you've been speaking to quite a few investors as well. What's been the feedback here? Well, the there are a lot of different angles to look at this from you know, when it comes to analysts and investors there's a big difference depending on which company you're looking at which company you hold shares. And one of the emerging themes has been that for Nissan. This is the dissolution of this alliance would not necessarily hit that hard Renault in some senses has been seen as a drag on the company and a drag on the company's management, which is something Nissan itself. Some of their executives have already complained about and which analysts have seen is not necessarily a big benefit to the company of the reverse is true for no. Of course, they see Nissan is a very important part of their company, you know, giving them the kind of global reach that they don't have without Nissan Mitsubishi would of course, be vulnerable being the smallest of the three being a company that was essentially rescued by Nissan. So if that alliance should completely fall apart. They would be left. In a in a very competitive market with a very small niche, and they would face the same troubles. They were facing before the bailout. Dave very quickly. What are the analysts actually saying here is this going to be big enough to start impacting Nissan sales? I think it's certainly too early to say whether it would impact their sales or not. But certainly this is going to be a shakeup within the management ranks any kind of abrupt problem like this is bound to shake confidence in the management. And certainly that goes all the way down the chain. So it's going to have a big impact on the company. There's no doubt about that. All right. We'll have to leave it there. Thank you very much for. It's interesting. How converts Bank put this. They're saying that going is to cement that binds. The Nissan Renault Mitsubishi alliance Kuba coons, thanks for those insights,.
"carlos goan" Discussed on KOMO
"I want everybody to be. I have to have a kid had a peanut butter family. Tuna sandwich and a carton of milk. That wasn't a complete in the past after students reached a debt of ten dollars or more. They were no longer allowed to buy school meals. They instead were given an emergency meal of a sandwich and milk. But now many lower income school districts are seeing drastically increasing debt that the students parents are ultimately responsible for Kelly Bleier. Komo news US department of agriculture recalling some ground beef products sent five states, including Washington that may be contaminated with e coli. The beef was produced by swift beef company out of Utah sold under the names swift ground beef and blue ribbon beef the beef was produced October twenty fourth was recalled on November sixteenth so far. No confirmed reports of reactions due to eating these products for a full listing of the recalled items. Go to KOMO news dot com. Komo news time, fifty here's your propel insurance money update with Jim Cesco. Stocks took a tumble to open the week with the major indexes sliding one and a half to three percent. The Dow Jones industrial average dropped three hundred ninety five points. The s&p five hundred fell Forty-five particularly hard hit the tech heavy NASDAQ tumbled two hundred nineteen after an internal investigation. At Nissan Motors, chairman Carlos Goan was arrested today in Tokyo, the company says it uncovered significant acts of financial misconduct and plan to part ways with a sixty four year old Goan the Tokyo-based automaker indicated that gone worked with another executive at Nissan to under report his compensation. Insecurities filings over many years, that's your money now money news at twenty and fifty past the hour big. And we mean big backups out of Federal Way into Tacoma. Marina has the details..
"carlos goan" Discussed on KCRW
"Has been arrested by Japanese prosecutors and accused of underreporting his income on financial statements gone is also the head of France's Renault Mitsubishi and he's chairman of the business alliance of all three automakers Nissan second in command and several industry. Analysts said his arrest shows that too much power had been concentrated in one person for too long. Marketplace's Sabrina shore reports two decades ago. Carlos Goan was the savior of Nissan, a failing Nissan and merged it with Reynaud, a French Japanese marriage that no one thought would work. It may have taken a very strong figure to make that work. Michelle crabs is. Executive analyst with auto. Trader Nissan flourished for a while. But has struggled recently. I think much of this would not have come to a head at the company been extremely successful right now. And that's the thing about concentrated power. When times are good. You don't hear as many complaints about it? Douglas, CIA heads the government center at the Conference Board. Some people could say a very domineering CEO like Steve Jobs that ended up being good for that company that without that. Maybe they would not have moved so quickly and been willing to take so many risks. And that is great if things work out, but generally speaking when a corporate leader consolidates power keeps directors on a short leash appoints. Yes. Men or women you don't tend to get great decision making is very personality driven. And they don't have anyone there. Who's really challenging the song? He Han assistant professor at Penn. State in lies thousands of companies performances during crises and looked at the effect of having a. More powerful leader, the coal outweighed its benefit for innovative companies in competitive industries. She says there's little room for error in Rotarians CEO can raise a company up or drive it toward ruin in New York. I'm Sabrina shore for marketplace. Now for another story about a company with the power to move markets. Like all of them. Shares of apple took a hit today. Falling almost four percent investors. Have not liked reports that apple has cut production orders in recent weeks for all three of its iphone models launched earlier this fall, and since apple is one of the most widely owned stocks by individuals and institutions any troubles in iphone land have a big ripple effect from K UT in Austin marketplaces, and the Euler checks in on the health of Apple's business.