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First challenge for Renault’s new chiefs: Ghosn’s payout

PARIS: Carlos Ghosn may no longer be in the driver’s seat at Renault, but he will remain at the center of vigorous negotiations in the coming weeks over severance pay potentially worth tens of millions of euros. The French government, which owns 15 percent of the carmaker and 22 percent of voting rights, has already warned it doesn’t intend to let the former CEO walk away with the kind of lavish payouts that he is accustomed to. “I can tell you we will be extremely vigilant, as the largest shareholder, over the exit conditions that will be set by the board,” Finance Minister Bruno Le Maire told AFP at the World Economic Forum in Switzerland this week.



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