France Warns Against ‘Exorbitant’ Payoff for Ex-Renault Boss Ghosn

France Warns Against ‘Exorbitant’ Payoff for Ex-Renault Boss Ghosn
Carlos Ghosn, ex-chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, in Paris on Oct. 3, 2018. Regis Duvignau/Reuters
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PARIS—France’s finance minister said on Jan. 27 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 finalize its former boss’s severance package, a potentially explosive issue in France where the government is facing protests over low pay and inequality.