The thorny issue of compensation of Carlos Ghosn

This is a short letter, which was read out only to the members of the board of directors of Renault, Carlos Ghosn, resigned on Thursday from his position of pre

The thorny issue of compensation of Carlos Ghosn

This is a short letter, which was read out only to the members of the board of directors of Renault, Carlos Ghosn, resigned on Thursday from his position of president and CEO. A resignation as "unconditional," says a source close to the folder. So far, with Renault as the side of the State, it is already known that the subject of the financial terms of this severance will run out of ink.

It will be necessary to determine the conditions in which Carlos Ghosn may receive his retirement allowance or additional his non-compete clause

The board of directors of the builder plays on a position of principle he intends to apply: "The contract, the whole contract, just the contract," says one close to the group. Concretely, Carlos Ghosn, would be entitled to his fixed compensation (€1 million) in the year 2018, as well as his variable compensation (up to 1 million) depending on the results which will be published on 14 February, and part of which depends on the presence in the company.

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Updated Date: 25 January 2019, 00:00

Kathleen Lees

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