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How Nissan and Honda's $60B merger talks collapsed

reuters.com

171–180 of 311 posts

Re: How Nissan and Honda's $60B merger talks collapsed

#171
post #161

Earlier quoted context omitted.

Right, so you expect Germany be like South Africa soon?

I was merely asking your question about what happens when a country fails. I have no expectation of Germany turning out like South Africa.

Right, I'm trying to find out what people expect to happen when a developed country fails.

Re: How Nissan and Honda's $60B merger talks collapsed

#172

Earlier quoted context omitted.

> their CEO throws Nazi salutes at political rallies Come now, even the Anti-Defamation League, hardly a habitual supporter of Musk, disagrees with this take. Your opinions are your own and you're free to believe he did Nazi salutes, but it does make you sound like you have an axe to grind.

Both my grandfathers fought in Europe in WWII. When they were alive, if I had done what Elon did in front of either of them, that would have been problematic. I think that's a decent yardstick. The absolute best interpretation is that Elon is someone who does not care if he does things that look like Nazi salutes.

> I think that's a decent yardstick

I have relatives who suffered under imperial powers who to this day refuse to buy products made in that country, even though they're objectively good and in some cases the best in the market. I hardly think the trauma of war makes for good judgment, even decades removed.

Re: How Nissan and Honda's $60B merger talks collapsed

#173
post #147

Earlier quoted context omitted.

> Should everyone get pulled over the instant they exceed the speed limit? In places with speed cameras, that is exactly what happens. There’s no better way to find an unjust law than to enforce it evenly. And scale is very important! In your analogy, many CEOs are speeding, some driving 5mph over, some 10mph, but Carlos was tripling the speed limit and then sawed through the bars of the courthouse before he saw tria…

I don't care if he raped 12 nuns, he was unable to get a fair trial so his escape was just. Japan's justice system is a farcical.

Protip - you should care if he raped 12 nuns! Japan's justice system, while certainly has issues is universally considered to be one of the worlds' fairest. Their high conviction rate is solely due to taking so few cases to judgement as most plead out.

Re: How Nissan and Honda's $60B merger talks collapsed

#174
post #124
post #95

Earlier quoted context omitted.

> and idiotic sycophants made him believe he was above the law and deserved even more Well in all fairness he is above the law. He walked out of Japan and is free in his country.

His prosecution was blatantly motivated (the CEO who replaced him has far bigger embezzleme^H^Hfinancial irregularities that no-one cares to charge him for). I doubt people would have been so eager to help him escape if he had actually broken the law rather than being charged for running a big company while foreign.

As much as i think, that he would never have gotten a fair trial … he did not even pay his escape helpers.

Re: How Nissan and Honda's $60B merger talks collapsed

#175
post #164

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> it's not a credit to Carlos that many of his schemes to steal tens of millions of dollars in the future were discovered before he could do so. It's weird and misleading to describe money he never received and will never receive as "undisclosed compensation". > Nissan’s CFO was falsely told that the LTIP awards were a broad-based grant to numerous Nissan participants rather than that the vast majority was for Ghosn…

> It's weird and misleading to describe money he never received and will never receive as "undisclosed compensation". That's literally just basic accounting. If you are required to report all compensation someone earns and they get $100k salary, $100k bonus, and you put $800k into a retirement account with their name on it - you can't say they only made $200k last year. They only reason he will never receive this und…

> If you are required to report all compensation someone earns and they get $100k salary, $100k bonus, and you put $800k into a retirement account with their name on it - you can't say they only made $200k last year.

And yet the vast majority of large Japanese corporations do exactly that, and the Japanese court acquitted him on that exact fact pattern for all but one of the years they examined.

Re: How Nissan and Honda's $60B merger talks collapsed

#176

Earlier quoted context omitted.

That seems like the current model in tech, to the point that companies are eventually renamed for their only product (RIM -> BlackBerry, Sun -> JAVA, dotCloud -> Docker), but there are also a few Asian megacorps that have their fingers in seemingly everything, think of Yamaha and Mitsubishi.

I do not recall Sun being renamed into “Java”. It was acquired by Oracle as Sun Microsystems.

Correct, I recall the stock ticker symbol was renamed to JAVA, but not the company.

Re: How Nissan and Honda's $60B merger talks collapsed

#177
post #89

Earlier quoted context omitted.

Canada needs to start a campaign to promote smaller cities, rather than concentrating all the people in Toronto and Vancouver.

How small are we talking? One problem is that many Canadians move away from those smaller cities because there aren’t jobs that pay well, yet that smaller city isn’t significantly cheaper to live in. Nobody I meet is from the major Canadian city I live in now. Maybe it’s a fluke, I have only met so many people, or maybe us outsiders just managed to find each other.

> One problem is that many Canadians move away from those smaller cities because there aren’t jobs that pay well

Well, duh. See this thread about how this happens: https://news.ycombinator.com/item?id=43026920 when "prophets of parking" are allowed to ruin cities.

I'm talking about cities like Kamloops or Calgary.

Re: How Nissan and Honda's $60B merger talks collapsed

#178

Earlier quoted context omitted.

TLDR; Mazda should merge with Nissan while they still can do it on a fire sale. Mazda is a huge outlier in manfacturing because they are small, but have motorsports calibre/history (meaning they have a history of homologating sports cars.) Mazda sells an order of magnitude less cars than even newer companies like BYD. Even less than isuzu. Because of this, they can more tightly control investor expectations, profit/l…

> Mazda sells an order of magnitude less cars than even newer companies like BYD. In Australia, Mazda has been the 2nd highest selling brand (across all models) for a number of years. Not sure about last 18 months.

Australia is a small market though, so being second there might not help a lot.

(I miss the 2010 Mazda2 I drove in Sydney for a few years, was very fun)

Re: How Nissan and Honda's $60B merger talks collapsed

#179

Earlier quoted context omitted.

This seems to be the classic way in which management types destroy technical companies. Same thing happened a decade back in electronics companies in Japan (Sony comes to mind). Technical competence is generally very hard to judge and often even harder replace. It's not surprising that the same management types are salivating at the thought of replacing people with AI.

I don't know, the Renault Logan (and the B platform in general) was extremely good from the engineering standpoint. Cheap, reliable, easy to maintain, easy to fix. The technical competence in building gasoline cars was definitely there. They missed the electric wave sure, but as with any innovations the more competent you are in the previous wave of technology the harder it is to switch to the new one. But it's a dif…

>They missed the electric wave sure, but as with any innovations the more competent you are in the previous wave of technology the harder it is to switch to the new one. But it's a different kind of problem.

I disagree with this statement.

The greatest engineer, scientist and inventor of all time, Stanford Ovshinsky, absolutely had no problem excelling in any field he put his mind to.

Re: How Nissan and Honda's $60B merger talks collapsed

#180
post #175

Earlier quoted context omitted.

> It's weird and misleading to describe money he never received and will never receive as "undisclosed compensation". That's literally just basic accounting. If you are required to report all compensation someone earns and they get $100k salary, $100k bonus, and you put $800k into a retirement account with their name on it - you can't say they only made $200k last year. They only reason he will never receive this und…

> If you are required to report all compensation someone earns and they get $100k salary, $100k bonus, and you put $800k into a retirement account with their name on it - you can't say they only made $200k last year. And yet the vast majority of large Japanese corporations do exactly that, and the Japanese court acquitted him on that exact fact pattern for all but one of the years they examined.

You keep referring to a court case but I think you’re talking about Kelly’s? Ghosn has never had a trial in Japan, so he hasn’t been acquitted (or convicted) of anything. Even if the pension deceit was somehow above board, there’s still the inconvenient 140ft yacht unknowingly paid for with Nissan funds and registered to Ghosn’s son’s shell company parked in a bay near Beirut that multiple different courts have found was illegally obtained..
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