Entrepreneur Stories
Carlos Ghosn – From Automobile Industry Celebrity To International Fugitive
Carlos Ghosn is a celebrity in the automobile industry because of his company turnaround stories which almost seem like fairy tales. Carlos Ghosn is currently in the news for fleeing Japan, where he is facing four criminal charges. While he is currently a wanted fugitive, the story of how he made Nissan and Renault forces to be reckoned with is worthwhile.
The Renault and Nissan alliance
When Renault was suffering from chronic underperforming sales and Nissan was nearly bankrupt, Carlos Ghosn proposed an alliance between the two automaker giants, where Renault purchased a 36.8 % stake in Nissan. Carlos Ghosn was later appointed Chief Operating Officer (COO) of both Nissan and Renault. He laid out a three year revival plan for Nissan, which was in a consolidated debt of $ 20 billion. The Nissan revival plan, announced in 1999, promised a return to profitability in the year 2000 and a profit margin over 4.5% in the year 2002 along with a reduction in 50 % of the debt by 2002.
Carlos Ghosn also promised to resign from his position if his goals were not met. Once the plan was announced, Ghosn announced major changes at Nissan, which included downsizing, letting go of 21,000 employees, which accounted for 14 % of the total workforce, shutting down multiple manufacturing plants in Japan and auctioning the aerospace unit. Other industry experts laughed at the plan and Carlos Ghosn’s decision earned him the nickname ‘Le Cost Killer.’
Japan has a hierarchy of age and seniority based promotion. At the time, Nissan had a lifetime employment policy, leading to a complacency which came with the job. Carlos Ghosn changed the employment policy from being a guarantee to a goal which needed to be achieved. Carlos Ghosn also proposed the abolishment of the Keiretsu system which was undermining Nissan’s performance. Keiretsu is an old Japanese concept of cooperation and alliances. Companies form interlocking interests and take up shareholdings. It is an unofficial and an informal form of business alliance which had long held dominance over the Japanese economy. Ghosn’s proposal to abolish this system did not sit well with the Japanese public, caused outrage and earned him the name ‘Keiretsu Killer.’
Upon achieving his targets, Ghosn became an overnight hero in Japan, where outsiders, often referred to as ‘Gaijin,’ find it hard to gain recognition. He was even depicted as a superhero in a Japanese comic book.
After bringing Nissan from the brink of bankruptcy to the second best automobile maker in Japan behind Toyota, Ghosn announced his plan to unveil the Nissan Leaf in 2010. The Nissan Leaf was dubbed as the world’s first affordable zero emission car.
The Renault-Nissan alliance is the leader of the electric vehicle segment in the world, beating Elon Musk’s Tesla. As of 2017, the alliance sold double the number of cars as Tesla.
Arrest and downfall
By 2018, many in Japan and outside were of the opinion Ghosn’s income from both Renault and Nissan was too high. A whistleblower, who was a close aide of Carlos Ghosn, said they had information Carlos Ghosn was instructing his close aide and board member Greg Kelly to create two salary accounts for Ghosn. One account held money which would be paid every fiscal year to Ghosn and the other account would hold a pot which was designated to be paid out to Carlos Ghosn after his exit from Nissan. Nissan went to the authorities with this information and it was found Carlos Ghosn was under reporting his income filings. Following this, Carlos Ghosn was arrested at the Tokyo Airport.
Following the arrest, Ghosn was sent to a detention center and had no contact with anyone except his Japanese lawyer, the Lebanese embassy and the French embassy. He alleged he was mistreated as he is a foreigner.
Carlos Ghosn recently made headlines when he fled from Japan and went to Lebanon via Turkey. Lebanon currently has no extradition treaty with Japan in place, meaning Japan currently has no way to prosecute him. Carlos Ghosn made a statement that he would disclose everything to the media in the coming months.
Read about the rise of Carlos Ghosn here: Carlos Ghosn – The Rise Of A Titan Of Automobile Industry
T.N. Seshan’s name stands tall in India’s history as the man who transformed the nation’s electoral system with extraordinary courage and integrity. Born in 1932 in Kerala, Seshan grew up with values of discipline, education, and service to the nation — virtues that shaped his illustrious journey. From his early brilliance at Madras Christian College to his advanced studies in public administration at Harvard University, Seshan’s path reflected rare determination and intellect. Joining the Indian Administrative Service in 1955, he built a reputation as a no‑nonsense officer committed to efficiency and honesty, serving in key roles such as Secretary of Defense and overseeing vital national programs.
As the Chief Election Commissioner of India in 1990, T.N. Seshan sparked a new era of electoral integrity. In a system once marred by corruption, violence, and malpractice, Seshan brought order, fear, and respect through his groundbreaking reforms. He introduced voter ID cards, imposed strict spending limits on campaigns, and insisted on transparency at every level of the election process. Despite criticism from political circles that labeled him dictatorial, his relentless pursuit of fairness empowered every citizen to vote fearlessly. Under his leadership, the Election Commission became a symbol of strength and integrity in Indian democracy.
Seshan’s passing in November 2019 marked the end of an era, but his message continues to resonate across generations. Leaders from every corner of the country mourned the loss of the man who restored faith in free and fair elections. His enduring legacy reminds us that true leadership lies not in wielding power, but in serving people with honesty, courage, and conviction. T.N. Seshan’s life remains a timeless inspiration a reminder that democracy thrives only when its citizens are vigilant, responsible, and fearless.
Leaving behind a high-paying job at JPMorgan, an Indian entrepreneur embraced a 70% salary cut to pursue true purpose and passion in the startup world. Disenchanted with what he described as a “robotic” corporate routine, he sought meaningful work that made a real impact. This pivotal decision marked the beginning of his new journey, one focused on value creation rather than titles and corporate perks.
Powered by resilience and fresh perspective, the entrepreneur launched his own startup, prioritizing innovation and hands-on solutions. The road was challenging, but his vision resonated with the market: the startup quickly gained traction and raised $6 million—an impressive acknowledgement of its potential in a competitive landscape. Every hard lesson from early setbacks and bootstrapping paid off in real customer growth and investor confidence.
Today, his journey stands as an inspiring example for professionals seeking authentic success outside the corporate grind. By trading comfort for creative freedom, he grew a venture that solves important problems, generates jobs, and builds wealth beyond just salary. For ambitious founders, his story highlights the power of risk-taking, adaptability, and relentless focus on impact in India’s thriving startup ecosystem.
Larry Page is a visionary technology entrepreneur and co-founder of Google, one of the world’s most influential companies. Born in 1973 in Michigan, Page grew up surrounded by computer technology, which inspired his passion for innovation from an early age. He studied computer engineering at the University of Michigan and later pursued his PhD at Stanford University, where he developed the revolutionary PageRank algorithm with Sergey Brin. This technology fundamentally changed the way search engines rank websites, making Google the most accurate and popular search engine globally.
The journey of Larry Page and Google began in 1998 when they officially launched the search engine from a small garage. Leveraging their unique algorithm, Google quickly surpassed competitors due to its ability to deliver highly relevant search results, transforming internet search forever. Under Larry Page’s leadership as CEO, Google expanded beyond search to launch groundbreaking products including YouTube, Gmail, and Google Maps, turning it into a global tech powerhouse that shapes how we access and interact with information online.
Larry Page later became the CEO of Google’s parent company, Alphabet Inc., driving innovation and investment in next-generation technologies such as artificial intelligence, autonomous vehicles, and healthcare solutions. His visionary leadership and commitment to technological advancement have cemented his legacy as one of the most influential figures in the tech industry. Today, Larry Page remains a key influencer in shaping the future of technology and digital innovation worldwide.
Dazzl Raises $3.2M Seed Funding Led by OYO’s Ritesh Agarwal for AI Skincare Expansion
D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes
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