Carlos Ghosn decided to leave without severance pay

Carlos Ghosn decided to leave without severance pay

January 28, 2019 0 By autotimesnews

Former Renault President Carlos Ghosn will not be able to count on receiving major severance pay. It is reported by TASS with reference to the statement by the Minister of Economy and Finance of France Bruno Le Mayor, which he did on the radio station France Inter. According to him, the French society will not agree that the payments to the top manager would be excessive.

“Just as I had previously achieved Ghosn’s salary reduction by 30%, I will strictly control the amount of his payout assigned to him. I do not intend to allow in this regard any pressure on me from other shareholders of the company, ”the official explained.

Le Mayor explained that the authorities intend to take a number of measures in the near future, which will force the heads of large companies to become French tax residents. As an example, he gave Carlos Ghosn, who designed himself the opportunity to pay taxes in the Netherlands, where their size is much lower. If top managers do not want to pay taxes in France, they are waiting for fines and sanctions.

Former head of Nissan and Mitsubishi Motors Carlos Ghosn, who is under arrest in Japan, left the post of general director of Renault on January 23. At the moment he is in custody in Japan. Local prosecutors accused 64-year-old Carlos Ghosn of tax evasion. For this, he deliberately distorted information about the amount of his own payments. Investigators began investigating a top manager after reports from an anonymous informant inside the auto concern. He has been in prison since November 19, 2018.

Jean-Dominique Senart was appointed new president of Renault on January 24. This decision was made by the board of directors of the concern. One of his tasks in the new post will be the normalization of relations with their partner Nissan. In turn, Thierry Bollore became CEO of Renault. Prior to that, he served as deputy president of the French company.