Renault Keeps Ghosn at Wheel After Probe Finds No Pay Wrongdoing
- Renault’s internal probe looked at 2015-2018 compensation
- Ghosn was indicted in Japan this week for financial crimes
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A Renault SA probe found that jailed Chief Executive Officer Carlos Ghosn’s compensation at the French carmaker complied with French law, sending another signal of division with its alliance partner Nissan Motor Co.
A preliminary review of the years 2015 to 2018 found nothing amiss on pay to the executive, who was indicted in Japan for understating his income, Renault said in a statement Thursday. The board opted to keep in place interim top management and not oust him, saying it doesn’t have information about Ghosn’s defense.