Tokyo prosecutors indict Nissan's ex-chairman Ghosn for financial misconduct
- Both Nissan and its former chairman Carlos Ghosn have been charged by Japanese prosecutors over financial misconduct, according to a statement from Nissan.
- Ghosn was arrested in November for under-reporting his compensation in the company's financial statements over a period of five years.
- The auto giant said in a statement in November that "over many years" Ghosn and board director, Greg Kelly, had been under-reporting compensation amounts to the Tokyo Stock Exchange securities report.
- Ghosn, who headed the Renault-Nissan-Mitsubishi alliance, has previously denied the accusations.
- Born in Brazil, Ghosn became the world's first person to run two companies on the Fortune Global 500 simultaneously when he assumed the CEO roles at both Renault and Nissan in 2005.
- According to other securities filings, Ghosn earned 735 million Japanese yen ($6.52 million) from Nissan and 227 million yen from Mitsubishi for the same period.
Rubio: 'No doubt' Saudi crown prince was involved in Khashoggi murder
- Washington (CNN) - Sen. Marco Rubio said Wednesday there is "no doubt" that Saudi Crown Prince Mohammed bin Salman was involved in "directing" the murder of Washington Post journalist Jamal Khashoggi.
- Rubio, a Republican from Florida, made his comments a day after a small group of lawmakers were briefed by CIA Director Gina Haspel on the murder of Khashoggi, which happened in early October in the Saudi consulate in Turkey.
- The murder has become a lightning rod, dividing the White House and a usually supportive Republican-led Senate.
- Rubio also said top Trump administration officials -- including President Donald Trump, Defense Secretary James Mattis and Secretary of State Mike Pompeo -- have been asserting that there's little evidence that bin Salman knew about the murder in order to preserve diplomatic relations with the Saudis.
John Kelly is out — here are all the casualties of the Trump administration so far
- President Donald Trump announced to reporters on Dec. 8 that his chief of staff John Kelly will leave his job the end of the year, following months of news reports describing heightened tensions and conflict between Trump and Kelly.
- President Donald Trump announced to reporters on Dec. 8 that his chief of staff John Kelly will leave "at the end of the year" and he plans to name his replacement in the next day or two.
- The resignation came just a day after she testified before the House Intelligence Committee, where she reportedly said that she told white lies for the president, but never lied about anything consequential related to the investigation into Russian interference in the 2016 presidential election.
Consumer advocates raise red flags over Trump's top agency picks
- New York (CNN) - Consumer advocates raised big concerns this week about the two top officials the Trump administration has appointed to protect Americans from fraud, claiming one has no related experience and that the other won't be able to go after companies like Equifax, Facebook, Amazon and Verizon because of his work in the private sector.
- On Thursday, in a party-line vote, the Senate confirmed Kathy Kraninger to head the Consumer Financial Protection Bureau.
- Also on Thursday, Washington-based consumer advocacy group Public Citizen released documents that show that Andrew Smith, director of the FTC's bureau of consumer protection, will have to recuse himself from all matters concerning 120 companies -- two of which are currently under investigation by the agency.
- In the cases in which Smith can't participate, FTC investigators will deal with his his two deputy directors, both career staffers who have been at the commission for 20 years, he said.
CIA taps 34-year agency veteran as first woman to lead its clandestine arm
- Washington (CNN) - The CIA has tapped Beth Kimber to lead its Directorate of Operations, making her the first woman to lead the agency's clandestine arm in its 70-year history.
- In her new role, Kimber will lead the CIA's efforts to "strengthen national security and foreign policy objectives through the clandestine collection of human intelligence and by conducting Covert Action as directed by the President," according to the agency.
- During her career at the CIA, Kimber spent time overseeing the agency's so-called "Russia group," which focuses on clandestine operations involving Russian targets and services.
- Haspel was sworn in as the first woman to serve as CIA director in May when she replaced Mike Pompeo after he was named secretary of state by President Donald Trump.
- CBS News was first to report that Kimber was named to lead the CIA's operational and analytical efforts.
Trump Calls Former Secretary of State Rex Tillerson 'Dumb as a Rock'
- The criticism, made in a tweet, was an apparent response to Tillerson’s comments a day earlier at a Houston fundraiser, where he described Trump as impulsive, ignorant of the law, and unwilling to read briefings prepared by his staff.
- Mike Pompeo is doing a great job, I am very proud of him.
- His predecessor, Rex Tillerson, didn’t have the mental capacity needed.
- He was dumb as a rock and I couldn’t get rid of him fast enough.
- Now it is a whole new ballgame, great spirit at State!
- Tillerson, the former CEO of Exxon Mobil, had a brief honeymoon with Trump when he first joined the administration in February 2017, but then frequently disagreed with the president publicly on issues like the Paris climate change agreement, North Korea’s weapons program, and Saudi Arabian relations.
- The president fired Tillerson in March, replacing him with former CIA Director Pompeo.
Everything You Need to Know About Donald Trump's Attorney General Nominee William Barr
- While he has ample support from Republican leaders, Barr is likely to be scrutinized by Democrats hoping to ensure the protection of Special Counsel Robert Mueller’s investigation.
- Trump’s last attorney general, Jeff Sessions, recused himself from oversight of that investigation, angering the president who had hoped for a loyalist in the Justice Department.
- Others, however, will have some questions about Barr’s past, including his support for stronger protections of the president’s executive power—a viewpoint that Trump would likely approve.
- He told The New York Times last year that the Justice Department was “abdicating its responsibility” by investigating Trump’s possible collusion with Russia instead of looking into other subjects, such as the Clinton-Uranium One deal.
- Barr has also defended Trump’s firing of former FBI Director James Comey (although only if the decision was unrelated to the Russia investigation), and questioned whether Mueller’s team included too many people who donated to Democrats.
Ex-Secretary of State Tillerson: Trump got 'frustrated' when told no to doing something that 'violates the law'
- Washington (CNN) - In a rare public appearance since he was fired from office, former Secretary of State Rex Tillerson called President Donald Trump "undisciplined"and claimed that Trump would often ask him to do things unaware that such actions would violate the law.
- His candid remarks about his former boss came nearly nine months after he was fired by Trump in March and replaced with then-CIA Director Mike Pompeo.
- Tillerson's exit from office followed months of tension between him and Trump.
- Thursday night was the first time Tillerson answered questions about his tenure in the Trump administration and directly mentioned the President.
- He recently delivered a commencement speech in May at the Virginia Military Institute where he appeared to take a veiled shot at Trump, saying that when we "go wobbly on the truth ...
Terence Corcoran: Businessmen are dumber than women, Trudeau says. The evidence disagrees
- What Trudeau, Machin and other supporters of the corporate gender diversity effort do not say is that numerous studies have also debunked the evidence that the presence of women on boards or in executive suites generates better financial results.
- In this month’s edition of Financial Post Magazine, editor Andy Holloway asks the headline question: “Will adding more female directors improve a company’s results?” The answer: “Maybe not, but the pressure to do so is not going away.” The magazine’s quick analysis of the market performance of the TSX 60 shows little or no relationship with board gender diversity.
- Absolutely nothing, one way or another, and not just because the FP Magazine’s rough numbers were produced without the sophisticated input of a giant consulting firm or Credit Suisse Research Institute, cited by Mark Machin as an authority for the CPPIB’s plan to base investment decisions on board diversity.
Big Tobacco Company Altria Takes Major Stake in Canadian Cannabis Firm Cronos Group
- Altria Group, which owns multiple big tobacco brands like Marlboro and Skoal, announced a $1.8 billion investment into Canadian cannabis company Cronos Group at approximately $12.19 a share.
- The transaction gives Altria a 45% interest in Cronos, which operates in both the medical and recreational marijuana markets.
- Altria can nominate four directors, including one independent director, to the Cronos board, giving it 4-to-3 control.
- Cronos shares were up 23% in pre-market trading, while Altria’s stock gained 2%, according to CNBC.
- It projected to grow 220% in 2019 alone according to a report from a cannabis recruitment and job placement agency, and job listings are exploding.
- In addition, U.S. Drug Enforcement Agency is expected to drop CBD—a cannabis compound that doesn’t include the psychoactive compound tetrahydrocannabinol, or THC—from the Schedule I list of controlled substances.