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Jakarta Post

Family businesses must learn from Ghosn

  • Enrique Soriano

Jakarta   /   Fri, December 7 2018   /  01:35 am

As investigations continue and mounting evidence of financial improprieties is being pieced together, expectedly Carlos Ghosn’s detention was extended for another 10 days. What transformed the man nicknamed “Le Cost Killer”, considered as a presidential contender in Lebanon and worshipped like royalty in the auto industry, to commit career ending lapses? What drove Ghosn to compromise his ethical values?

A Forbes article penned by Tom Eisenmann is an eye opener. He describes ego and arrogance accurately: “It’s all in the founder’s head, the drive to build something great, the resilience to dust yourself off when you repeatedly get knocked down but inside a founder’s head may also be delusional arrogance, an overly impulsive ‘ready-fire-aim’ bias for action, a preoccupation with control, fear of failure and self-doubt.”

When the leader fails to recogniz...