Former Renault boss Ghosn loses compensation, shares
Thursday, February 14, 2019, 7:49 AM
French car maker Renault says it will not pay former Chairman Carlos Ghosn compensation following his resignation. Renault says in-a-statement its board unanimously decided to waive Ghosn's "non-compete commitment and, consequently, not to pay the corresponding compensation equal to two-years fixed and variable compensation." Renault also canceled shares granted to Ghosn from 2015 to 2018, which were subject to his continued presence at Renault.