June 28 -- As the first non-Japanese CEO of Nissan, Carlos Ghosn disrupted business practices based on cultural traditions. The result was a remarkable corporate turnaround.
But there have been other effects, too. Ghosn disbanded Nissan's keiretsu family of suppliers. Now, the liberated suppliers balk at demands for a 15 percent price cut.
In another twist, Nissan's board raised bonuses for the top nine executives by 50 percent. Shareholders, who no longer silently defer to management, howled because dividends were raised only 14 percent, even though the bonus total for all nine execs was just $3 million, which is paltry by American standards.
The moral of the story? There may be more than one genie in a bottle.