Carlos Ghosn was the CEO of Michelin North America, CEO of Renault, chairman and CEO of Nissan, and chairman of Mitsubishi Motors. In 1996, Renault's CEO Louis Schweitzer hired him as his deputy and charged him with the task of turning the company around from near-bankruptcy. In the early 2000s he earned the nickname "Mr. Fix It", for orchestrating one of the auto industry's most aggressive downsizing campaigns. In 2002 Fortune named him Asia Businessman of the Year. He was arrested in November 2018, on allegations of under-reporting his salary and gross misuse of company assets.