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France warns against 'exorbitant' payoff for ex-Renault boss Carlos Ghosn

Ghosn resigned from his Renault role last week under pressure from the French government following his arrest in Japan


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. Renault, which this week appointed a chairman and chief executive tandem to replace Ghosn, has yet to finalise its former boss' severance package, a potentially explosive issue in France where the government is facing protests over low pay and inequality. "No one would understand if the severance pay of Carlos Ghosn were ...

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First Published: Sun, January 27 2019. 20:29 IST