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The Debate

How much is too much? Growing calls to cap executive pay (part 2)

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?

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Produced by Charles WENTE, François WIBAUX and Van MEGUERDITCHIAN.

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