Carlos Ghosn was famed for his intense work ethic at the helm of three of the largest automotive companies in the world.
But that lifestyle, and its punishing travel schedule, came to an abrupt halt in 2018 when he was detained in Japan amid accusations of financial irregularities at Nissan – before he was famously smuggled out in a music equipment box while awaiting trial in late 2019.
His final destination was Lebanon, the country where he spent much of his childhood.
“I always loved Lebanon, I always maintained contact with Lebanon. Not as a country where I would work, but certainly as a country where I have friends, part of my family. I really enjoy the beautiful landscape, the food and the warmth of the people,” Mr Ghosn, who holds Lebanese, Brazilian and French citizenship, said.
“This being said, I travelled so much in my life,” he told The National, adding that he was now in a period of “forced rest”.
“I’m enjoying it. The fact that I don’t have any more jet lags, I have a very stable time of sleeping, eating. I see the people I want to see, not the people I have to see. All of this is a new world for me,” Mr Ghosn said.
“I lived 40 years in the corporate world, where you are used to completely different standards. So yes, I miss some things. But I’m enjoying a lot of new things that are happening in my life.”
Mr Ghosn vehemently rejects the accusations levied against him, which include allegations he under-reported his earnings and misappropriated company funds. He has not left Lebanon since his remarkable escape and Lebanese judge issued a travel ban against him in early 2020.
He has, however, not stayed still, as an upbeat Mr Ghosn told The National at an office in Beirut.
“I work at a university, I’m giving a seminar on management on performance. I'm writing new books, participating in movies, I'm helping a lot of start-ups in development.
“I think one of the big opportunities for Lebanon is to use the intelligence, the talent and the education of its people to just get out of the problems that it is facing today.
“That's why guiding, helping [and] investing in start-ups is one of the best ways to help young people turn around the country or contribute to the country,” he said, wearing a light blue shirt - in contrast to the suit and tie he was typically seen in during his time at Nissan.
Mr Ghosn recently filed a lawsuit of more than $1 billion against Nissan in a Lebanese court for – among other things – defamation, breaching the sanctity of his residence and fabricating charges that led to his detention in Japan.
Asked what he would do with the money if he won, Mr Ghosn said part would be used to support Lebanon.
“There are a lot of needs here. Not only in terms of supporting start-ups and employment, but also supporting education,” he said.
“But also to recover a big part of what has been taken directly and indirectly from me. They didn't pay the retirement, they took all the stock options,” Mr Ghosn said, naming a couple of the things he accused Nissan of taking from him.
Nissan has not commented since the lawsuit was launched.
Mr Ghosn’s escape is as famous as it is dramatic. After repeatedly being detained before then being bailed, he had lost any faith in the Japanese justice system and describes it as being rigged.
With the help of private security contractors, including a former US Special Forces operator, he was smuggled in a musical equipment box on to a private jet before arriving in Beirut via Turkey.
“The most scary part of the escape is that it would fail. Everything else was OK. My big fear, frankly, was failure, that hope would be eliminated completely,” he said.
“Because what the Japanese had prepared for me is a slow death through a very, very lengthy trial.
“And this is what is shocking, you know, you dedicate 20 years of your life to resuscitate a Japanese company, which becomes one of the major companies in Japan. And you're being rewarded like this?”
But there is still an affection for Japan and its people, even if not for some of his former colleagues.
“I like Japan, I have lots of Japanese friends. It's part of my life, I spent 20 years. It's not because of the behaviours of some thugs both inside and outside Nissan that I'm going to hate a country that is part of my life.”
Even as Lebanon languishes in one of the worst economic crises in modern history, do not, however, expect him to suddenly enter into the political world.
“No, it’s not in my space,” he said, when asked if he would ever have political ambitions.
“I’m a little bit the contrary of a politician, I'm more of a straightforward guy. I like to take jobs, to fix things – not fake fixing them. But I will help politicians into turning around the situation, if they were asking.”
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
The specs
Price, base / as tested Dh135,000
Engine 1.6L turbo
Gearbox Six speed automatic with manual and sports mode
Power 165hp @ 6,000rpm
Torque 240Nm @ 1,400rpm 0-100kph: 9.2 seconds
Top speed 420 kph (governed)
Fuel economy, combined 35.2L / 100km (est)
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
The specs
Engine: 2.9-litre twin-turbo V6
Power: 540hp at 6,500rpm
Torque: 600Nm at 2,500rpm
Transmission: Eight-speed auto
Kerb weight: 1580kg
Price: From Dh750k
On sale: via special order
Groom and Two Brides
Director: Elie Samaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Men's football draw
Group A: UAE, Spain, South Africa, Jamaica
Group B: Bangladesh, Serbia, Korea
Group C: Bharat, Denmark, Kenya, USA
Group D: Oman, Austria, Rwanda
Britain's travel restrictions
- A negative test 2 days before flying
- Complete passenger locator form
- Book a post-arrival PCR test
- Double-vaccinated must self-isolate
- 11 countries on red list quarantine
Sun jukebox
Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)
This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.
Elvis Presley, Mystery Train (1955)
The B-side of Presley’s final single for Sun bops with a drummer-less groove.
Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)
Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.
Carl Perkins, Blue Suede Shoes (1956)
Within a month of Sun’s February release Elvis had his version out on RCA.
Roy Orbison, Ooby Dooby (1956)
An essential piece of irreverent juvenilia from Orbison.
Jerry Lee Lewis, Great Balls of Fire (1957)
Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
Result
Qualifier: Islamabad United beat Karachi Kings by eight wickets
Fixtures
Tuesday, Lahore: Eliminator 1 - Peshawar Zalmi v Quetta Gladiators
Wednesday, Lahore: Eliminator 2 – Karachi Kings v Winner of Eliminator 1
Sunday, Karachi: Final – Islamabad United v Winner of Eliminator 2
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
The UAE's journey to space
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Black Panther
Dir: Ryan Coogler
Starring: Chadwick Boseman, Michael B Jordan, Lupita Nyong'o
Five stars
The specs
Engine: 8.0-litre, quad-turbo 16-cylinder
Transmission: 7-speed auto
0-100kmh 2.3 seconds
0-200kmh 5.5 seconds
0-300kmh 11.6 seconds
Power: 1500hp
Torque: 1600Nm
Price: Dh13,400,000
On sale: now
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COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EOlive%20Gaea%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Vivek%20Tripathi%2C%20Jessica%20Scopacasa%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ELicensed%20by%3A%20%3C%2Fstrong%3EDubai%20World%20Trade%20Centre%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Climate-Tech%2C%20Sustainability%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%241.1%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ECornerstone%20Venture%20Partners%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3C%2Fp%3E%0A
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
UAE currency: the story behind the money in your pockets