Renault Board Says Probe Finds Questionable Expenses - News Summed Up

Renault Board Says Probe Finds Questionable Expenses


PARIS—Renault said a probe of its alliance with Nissan Motor Co. has found what could be millions of euros in questionable expenses as the French auto maker accused former CEO Carlos Ghosn of ethical violations for the first time. The board recommended that shareholders vote to withhold part of Mr. Ghosn’s pay for 2018, worth EUR224,000, and said that he would not be entitled to some of his pension payments. The former executive was charged last year in Japan for failing to properly report deferred compensation and has said...


Source: Wall Street Journal April 03, 2019 15:45 UTC



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