The downfall of Mr Carlos Ghosn, the celebrity chief executive officer of Renault and board chairman of Nissan, is the latest example of what can happen when top executives get caught up in the celebrity culture.
Mr Ghosn was arrested in Japan on Monday for under-reporting his income and misusing Nissan's corporate funds to pay for real estate in four cities around the world and expensive family vacations. He has an estimated net worth of US$100 million (S$137 million); he clearly didn't need the funds he is accused of diverting.
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