Feb 13, 2019 03:56 PM IST | Auto
Renault to scrap Ghosn's 30 million euro golden parachute
Renault will scrap around 460,000 performance shares attributed to Ghosn since 2014-15 and now worth 26 million euros, under proposals backed by the French government, its biggest shareholder, two people familiar with the matter said.
The board is also likely to drop a two-year non-compete clause worth 4-5 million euros to Ghosn, who was forced out in January following his arrest in Japan for suspected financial misconduct at Nissan, Renault's alliance partner.
Published Date: Feb 13th, 2019 03:56 PM | Updated Date: Feb 13, 2019 03:56 PM IST
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