Renault board maintains Ghosn as CEO, says pay was legal

REUTERS  Issei Kato

Renault's board has voted to keep Carlos Ghosn as its CEO and chairman after an internal investigation found no wrongdoing or illegal activity with regards to his pay.

"Claude Baland, Senior Advisor in charge of Ethics and Compliance, and Eric Le Grand Chief Ethics and Compliance Officer, presented to the Board of Directors of Groupe Renault the current status of the review concerning the compensation of the Chairman and Chief Executive Officer of Renault for the years 2015-2018 which was undertaken on November 23, 2018".

Both Nissan and Renault have said Ghosn's arrest won't affect their alliance, which produces one out of every nine vehicles worldwide. The maximum punishment in Japan for filing a false financial statement is 10 years in prison and a fine of 10 million yen ($89,000).

The Japanese press had already reported that Ghosn's elder sister, Claudine Bichara de Oliveira, could be embroiled in the scandal.

Supreme Court dismisses all pleas against Rafale deal; Opposition demands JPC probe
The Hindu nationalist BJP on Friday welcomed the verdict as "a slap in the face for the politics of lies". Congress said the Supreme Court was not the forum to rule on such a sensitive defense contract.

Fortnite Season 7 Guide: Pleasant Park & Lonely Lodge Piano Locations
That's all you need to know to complete the 'Play the Sheet Music on the Pianos near Pleasant Park and Lonely Lodge' challenge. This piano also has more keys, so double check to make sure you're hitting the correct key in the pattern.

Sony has a PS4 Pro bundle for 'Kingdom Hearts III' fans
As announced via an official PlayStation tweet, pre-orders are live for Sony and GameStop in the USA and Europe . The long-awaited Kingdom Hearts III will be released for the PlayStation 4 and Xbox One on January 29, 2019.

The apartment was bought on expectations that Ghosn's trips to Brazil, where he was born and maintains citizenship, would "become more constant" after the factory opened, Nissan said in the filings.

During the five-hour session, however, several directors led by Cherie Blair, wife of the British former prime minister Tony Blair, began to express impatience with that position, two people with knowledge of the matter said. "At some point you need to move forward and move on".

Sources told Reuters on Thursday that the French government was seeking candidates to replace Ghosn, as board members began to voice doubts about keeping him in office.

Tokyo prosecutors on Monday indicted Ghosn, 64, on accusations he under-reported his income in Nissan corporate filings by about 5 billion yen ($44 million) between 2010 and 2015. That total includes what he was paid by Nissan and Renault. "This whole situation may give Nissan the opportunity to reset, and to put all the blame on Renault and Ghosn", said Egor Matveyev, an assistant professor of finance at the MIT Sloan School of Management. Renault's biggest shareholder is the French state with 15 percent. While nearly 60 percent bigger by sales, it remains the junior partner in their shareholding hierarchy with a smaller reciprocal 15 percent non-voting stake in the French firm. Ghosn remains locked in a Tokyo jail.

Related News:

  • Recall issued for some Kotex tampons after complaints they come apart

    Recall issued for some Kotex tampons after complaints they come apart

    The company which produces the products, Kimberly-Clark, said there were reports or vaginal irritation and even vaginal injury. Kimberly-Clark has issued a voluntary recall of specific lots of their U by Kotex Sleek tampons, regular absorbency.
    Police kill man, try to ID as Strasbourg gunman

    Police kill man, try to ID as Strasbourg gunman

    Prime Minister Edouard Philippe tweeted that "the situation is still underway, priority is given to security forces and rescuers". The German government said it had stepped up controls on the border with France but did not change its threat level.
    Melania Called Out ‘opportunists’ For Using Trump For Personal Gain. Yuge Mistake

    Melania Called Out ‘opportunists’ For Using Trump For Personal Gain. Yuge Mistake

    Obama said she can't complain, but noted there are "definitely elements that are confining". "It doesn't hurt. Trump visited a different area of the base Tuesday to support an annual toy drive sponsored by the U.S.
  • Priyanka Chopra Sees Husband Nick Jonas Off At Mumbai Airport. Pics Here

    Priyanka Chopra Sees Husband Nick Jonas Off At Mumbai Airport. Pics Here

    He tied the knot with Priyanka Chopra earlier this month in a multi-day ceremony that took place in India. Her reactions are priceless, as is Nick's face, lit up from the sheer joy she's getting from the movie.
    Curry to return against Pistons, says Coach Kerr

    Curry to return against Pistons, says Coach Kerr

    Trailing 119-113 with 8.6 seconds on the clock, it was Durant who scored back-to-back threes to force overtime. The Raptors will get the chance to sweep the season series when they visit the Warriors on December 12.
    Paris police: 21 people detained before protests

    Paris police: 21 people detained before protests

    Six people have died in the protests - most as a result of traffic-related accidents - and hundreds have been injured. But on the streets of Paris on Saturday, some protesters were saying the president still didn't understand them.
  • Russian Orthodox Leader Writes to Pope, Complains of Persecution in Ukraine

    Russian Orthodox Leader Writes to Pope, Complains of Persecution in Ukraine

    The synod aimed to unite various branches of the Orthodox church in Ukraine into a single independent body. Relations between Ukraine and Russian Federation collapsed following Moscow's seizure of Crimea in 2014.
    White Sox acquire 1B Alonso in trade with Indians

    White Sox acquire 1B Alonso in trade with Indians

    The team is also reportedly still looking for trade partners for pitchers Corey Kluber and Trevor Bauer. In exchange, the White Sox will send minor-league outfielder Alex Call back to Cleveland.
    Russain cosmonauts hack samples from around Soyuz spacecraft hole

    Russain cosmonauts hack samples from around Soyuz spacecraft hole

    Russian cosmonaut Oleg Kononenko cuts into the insulation on the Soyuz spacecraft attached to the International Space Station. Prokopyev and Kononenko spotted the tiny hole in the external hull of the capsule more than five hours into the spacewalk.
  • Enrollments strong in CT as Obamacare signup deadline looms

    Enrollments strong in CT as Obamacare signup deadline looms

    Find a plan that's right for you and your family today for 2019: " https://www.accesshealthct.com/AHCT/LandingPageCTHIX ...'" Rep. A year ago about 11.8 million people signed up for subsidized private health insurance during the ACA's open enrollment period.
    Facebook bug exposes photos of up to 6.8 million users

    Facebook bug exposes photos of up to 6.8 million users

    It is unclear if any of these apps abused the bug to actually access and download users' private and non-posted photos. Generally when people give apps access to their photos, this only means photos posted on their Facebook page.
    Andrew McCutchen Heading to Philadelphia Phillies

    Andrew McCutchen Heading to Philadelphia Phillies

    McCutchen, 32, is a five-time All-Star wo boasts a career.287 batting average with 223 home runs and 185 stolen bases. The veteran hit for a.253 average with five homers in 25 games for the Yankees after joining the team on August 31.


Most liked

Trump names budget director Mick Mulvaney as acting chief of staff
He takes over from John Kelly , a retired Marine Corps general who will step down from the top job in the West Wing in January. The same day, Trump further contested reports of struggle, claiming that there are more than 10 people clamoring for the role.

Restaurant meals contain more calories than fast food, report says
Sit-down restaurant meals in Kent could be just as unhealthy as fast food according to new research. Only restaurants in China served meals containing significantly less calories than USA restaurants.

Fundstrat’s Tom Lee Says Bitcoin’s Fair Price Is between $13,800 and $14,800
When asked to give his year-end prediction, Lee declined by stating "we are exhausted of people asking us about target prices". The price of Bitcoin declined further and broke the $3,200 price level; although the price is correcting itself.

Trump Says Interior Secretary Ryan Zinke Leaving Administration at End of Year
US Secretary of the Interior Ryan Zinke arrives at the US Capitol prior to the service for former President George H.W. Interior Secretary Ryan Zinke will leave his administration post at the end of the year, President Trump announced.

Coast Guard searches for man overboard near Florida Keys
The Mardi Gras will be based in Port Canaveral, Fla., but the company is yet to announce where it will be sailing. BOLT is being built by Munich-based Maurer Rides.

Strictly Come Dancing Grand Final songs and dances revealed
The documentary filmmaker and her partner will do their showdance to Land Of A Thousand Dances by Wilson Pickett. Sugg told Evans: "It was a practice run last night with the spray, but it will be the full thing on the night".

Sterling rises after PM May survives no confidence vote
Official data showed on Tuesday that British workers received their biggest pay rises in a decade in the three months to October. In the words of the PM herself, "For as long as we fail to agree a deal, the risk of an accidental "no deal" increases ".

Probably the best group of fast bowlers we ever had: Bharat Arun
The effort and consistency with which we are able to perform over a period of time, that's very encouraging. A lot of the chatter ahead of the Perth Test has been revolving around the spicy nature of the track.

Kohli fronts up with stellar resistance in delicately poised second Test
But all in all, Kohli looked in control, combining with Cheteshwar Pujara to drag India out of trouble with a 74-run stand. Rahane hit six fours in 103 and had the honour of hitting the first Test match six at the new venue.

Jose Mourinho: Man Utd 'far' from being built in my image
Anfield plays host to the latest instalment of the arch-rivalry between English football's two most successful clubs on Sunday. Asked how far away United are from being a team in their manager's image, Mourinho said: "Far".

Drake Baby Mama Send Subliminal Shots At Kanye West
Drake got on LeBron James' The Shop show and suggested that West betrayed him by leaking information of his hidden son to Pusha. Among other things, West finally made a decision to address the bar today on Twitter , and he did not seem too pleased about it.

Strictly Come Dancing loses its ninth celebrity
Roberts and Kovalev were eventually declared the winners of the group dance. Your messages of love and support are handsome and I thank you all.

Heroes of the Storm’s dev team and esports events are getting cut
It's widely accepted that it's Blizzard's least successful live game, so the decision is not really surprising. The announcement did not indicate plans to continue supporting Heroes of the Storm esports in any capacity.

Google Assistant Now Available in British and Australian Accents
Google Assistant's various features remain unchanged, as does the language support. Then go into the Assistant Voice option to select which one you want to hear.

Google CEO Sundar Pichai Gets a Thumbs Up After Testimony
Google's CEO was summoned to the US Congress to explain to Democratic Representative Zoe Lofgren why this happens. Lamar Smith, said there was "political bias baked into" Google's culture.