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Facing Protests, France Against "Exorbitant" Payoff For Ex-Renault Boss

Monday, January 28, 2019, 8:10 PM

France's finance minister said on Sunday a severance package for former Renault chief Carlos Ghosn, forced to resign in a financial scandal, should not be "exorbitant" and that the French state would follow the matter closely. "No one would understand if the severance pay of Carlos Ghosn were exorbitant," Bruno Le Maire told France Inter radio. "We are going to be extremely vigilant."
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Carlos Ghosn Resigns From Renault

Thursday, January 24, 2019, 7:15 PM

Carlos Ghosn has resigned from French carmaker Renault, French finance minister Bruno Le Maire told in an interview at the World Economic Forum in Davos. "Carlos Ghosn just resigned last night," said Le Maire. Renault's board will meet on Thursday to replace Ghosn, in a move that could help ease tensions with alliance partner Nissan following Ghosn's arrest in Japan for alleged financial misconduct.
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Renault under pressure as Carlos Ghosn remains in jail

Wednesday, December 26, 2018, 7:39 AM

When Carlos Ghosn was arrested on his private-jet in Japan last month on charges of violating the nation's financial reporting laws, Nissan promptly removed him as its chairman. At the French automaker Renault, the management stuck by Ghosn, its chief executive and chairman. But an-intensifying-storm is putting pressure on Renault's defensive posture. Renault's position is becoming increasingly untenable longer Ghosn sits in jail.

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