Carlos Ghosn, CEO of Renault-Nissan being interviewed during Web Summit, in Lisbon, Portugal November 8, 2016. REUTERS/Pedro Nunes EDITORIAL USE ONLY. NO RESALES. NO ARCHIVE.
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Renault Chief Executive Carlos Ghosn expects the French government to oppose his pay package in 2017, he told Reuters in an interview, setting the stage for another shareholder meeting clash -- this time in an election year.Ghosn nonetheless hopes to avoid a repeat of the last annual meeting outcome in April, when investors with 54 percent of voting rights opposed his 7.2 million euro ($7.6 million) pay.The French state owns 19.7 percent of Renault. After the April 29 shareholder vote, Renault's board reconvened hastily and decided to uphold Ghosn's 2015 package, while pledging a review of future pay policy.The firm wants to set a "socially acceptable maximum" for executive pay at 240 times the French minimum wage, or 4.8 million euros at today's rates.
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