You are here: Home » Reuters » News
Business Standard

EXCLUSIVE: Renault-Nissan considers hidden bonus plan - documents

Reuters  |  PARIS 

By Laurence FrostPARIS (Reuters) - Renault-Nissan alliance bankers have drawn up plans designed to channel millions of euros in additional, undisclosed bonuses to Chairman Carlos Ghosn and other managers via a specially created service company, according to documents seen by Reuters.Under the preliminary proposal, Renault, Nissan and Mitsubishi would pay the Dutch-registered company a share of new synergies from their carmaking alliance, set to top 5.5 billion euros ($6.2 billion) next year.The funds would be passed on as cash and stock bonuses to "encourage executives to pursue synergy ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, June 13 2017. 17:06 IST