Anyone who has felt guilty for putting a meal or a taxi on their company expenses should remind themselves of the night in 2018 when Carlos Ghosn, then the CEO of Renault-Nissan, invited eight friends and their plus-ones to watch the carnival in Rio de Janeiro. The bill for the evening, which was paid by a Dutch subsidiary, came to $257,872.
But this doesn’t mean “Le Cost Killer”, as Ghosn became known when eliminating tens of thousands of jobs, didn’t look to save money where he could. After all, the Rio party was significantly cheaper than Ghosn’s 2014 hiring of the Palace of Versailles, complete with teams of actors and musicians in 18th-century costume, for a party that cost the company €634,000. Ghosn chalked this grande bouffe up as a 15th anniversary party for the Renault-Nissan alliance although it took place, it so happened, on the night of his own 60th birthday.
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