Here in France, shareholders in carmaker Renault have rejected their boss’s €7.2 million pay package, only to be overruled by the board. The state, which owns nearly 20% of Renault, is threatening to legislate on the matter if Carlos Ghosn fails to heed their calls. Ghosn argues that on his watch the company enjoyed record revenues that jumped 10% last year. So what is a fair salary for a boss? Who makes the rules? And just what is the impact of bloated pay on companies and the broader economy?
Produced by Charles WENTE, François WIBAUX and Van MEGUERDITCHIAN.
CEO, French public service pension service (ERAFP)
Head of Economics, History & Politics at Kingston University London