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Opinion
David Fickling

Nissan’s Drama Looks a Lot Like a Palace Coup

Whatever the truth about Carlos Ghosn, Nissan’s CEO Hiroto Saikawa certainly had little good to say about his chairman on Monday.

As Nissan shows, the downfall of kings can be bloody and swift.

As Nissan shows, the downfall of kings can be bloody and swift.

Photographer: Kiyoshi Ota/Bloomberg

The downfall of kings is bloody and swift.

That certainly looks to be the experience of Carlos Ghosn. A few hours ago, he was chairman of Nissan Motor Co., Renault SA and Mitsubishi Motors Corp., and arguably the most lauded automotive executive of his generation. As of writing, he’s been arrested by Japan’s police over alleged misconduct, he’s on his way to being removed from his positions at Nissan, and his hand-picked successor has just spent an hour trashing his legacy.