‘Bring back trust’: Carlos Ghosn offers executive training in troubled Lebanon

In this news, we discuss the ‘Bring back trust’: Carlos Ghosn offers executive training in troubled Lebanon.

BEIRUT (Reuters) – Carlos Ghosn, the former Nissan and Renault executive who fled his trial from Japan, launches a university business program in Lebanon, a nation mired in a deep economic crisis blamed on years of bad administration, mismanagement and corruption.

Nine months after its dramatic escape to Beirut from Tokyo, the Franco-Lebanese executive unveiled a plan to shake up the business school of the Holy Spirit University of Kaslik (USEK), a private university north of the Lebanese capital .

Ghosn, credited with flipping Japanese and French automakers before facing charges in Japan of financial wrongdoing which he denies, plans programs to coach executives, provide technology training and help start-ups to create jobs.

Ghosn found refuge in Lebanon where the economy collapsed under the debts accumulated since the civil war of 1975-1990. A devastating explosion in Beirut on August 4 compounded Lebanon’s woes.

“Obviously I’m not interested in politics but I will devote time and effort to supporting Lebanon during this difficult time,” he told Reuters over the weekend, ahead of the official launch of his new university program.

Speaking at Tuesday’s press conference to announce the program, he said: “It is about creating jobs, jobs and entrepreneurs to enable society to play its role in rebuilding the country.”

He said Lebanon’s challenge was “restoring confidence” and not a lack of assets, claiming that state-owned infrastructure, land and oil resources. Now it was necessary to execute a recovery plan, he added.

“If you bring back the confidence, the money will come,” he says. “You can have a great plan for Lebanon, but if you don’t execute it, you’re not even at the starting point.”

Ghosn, who was approached by USEK in the weeks following his arrival in Lebanon in late December, said the business program was aimed at offering practical help. He will help supervise.

Building on his experience, the aim of the executive program would be to turn around struggling businesses, businesses struggling with a troubled environment and how to “make themselves valuable” in a business.


Ghosn said several international executives have agreed to give pro bono courses, such as Jaguar and Land Rover chief executive Thierry Bolloré, former Goldman Sachs vice chairman Ken Curtis and venture capitalist Raymond Debbane. .

The short courses, which are scheduled to start in March, would be open to 15 to 20 senior managers in Lebanon and the Middle East.

“The role model is my background, what I think are the basic needs of a senior manager in a very competitive environment,” he said, adding that when he was in charge, the program Nissan executive training in Japan was open to other companies. .

The second USEK program, funded by the Executive Program, would train people in new technologies, such as computer-aided design and artificial intelligence.

Ghosn said Lebanese jewelry exporters were among those who would benefit from software to help design.

The third program would act as an incubator for start-ups, and he wanted to invest in two projects. “I’m mainly interested in projects that have an environmental impact,” he said, citing the example of a project to turn wastewater into fertilizer.

He said he was persuaded to work with USEK by the president of the Maronite Christian institution, Father Talal Hachem, and his young team.

Ghosn said he chose USEK, rather than a larger Lebanese university, because he liked working with an institution that attracted a wide range of students, not just the wealthy.

“These students need help more than anyone. This is the class that has been crushed by the situation today, ”he told Reuters. “I will help build the economy by helping to solve the problems that all Lebanese face today.”

Written by Samia Nakhoul; Editing by Edmund Blair

Original © Thomson Reuters

Originally posted 2020-09-29 04:16:11.

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