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Renault pay controversy: "Once shareholder value monster is let out the bottle we see escalation in demands"

ere 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.

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