French Government Considers Nissan CEO Compensation Excessive

Nissan CEO Carlos Ghosn’s 7.6-million-euro annual salary is expected to upset French government and unions, who are already angry for the 2.47-million-euro he got in 2012 for running Renault.

Industry Minister Arnaud Montebourg, as well as labor union officials, consider Ghosn’s salary at Renault to be excessive, taking into consideration that the French automaker has began to implement wage freezes and cut jobs in its home market. After negotiations with CGT unions Ghosn agreed to postpone 30% of his variable Renault bonus for last year until 2016. Still the unions considered this to be an affront to the workers in France, as the CEO salary for 2012 still came to more than 27,500 euro a day.

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Sciros - 7/2/2013 10:44:08 AM

+2 Boost

His compensation is only excessive if you consider how boring and/or unappealing every single car his company makes is. And this is coming from a nissan owner.

Dexter1 - 7/3/2013 12:49:05 AM

+1 Boost

He may want to use a little of that money to get his nose shortened a little.