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Renault to scrap Ghosn's 30 million euro golden parachute

Updated : February 13, 2019 03:56 PM IST

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.
Renault to scrap Ghosn's 30 million euro golden parachute
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