FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer’s office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019. REUTERS/Issei Kato/File Photo
April 3, 2019
PARIS (Reuters) – The board of French carmaker Renault moved to scrap ousted boss Carlos Ghosn’s pension worth around 770,000 euros ($865,000) annually, three sources with knowledge of the matter said on Wednesday.
Directors also recommended that shareholders block a further 224,000 euros in Ghosn’s variable pay for 2018, two sources told Reuters, following a meeting that also approved governance changes reducing the size of the board to 18 members from 20.
(Reporting by Laurence Frost and Gilles Guillaume; Editing by Sudip Kar-Gupta)
