- Jan 21, 2009
REPORT: French government calls for auto execs to forego bonuses
Renault responded by saying that its execs were told seven months ago that there would be no extra fat for them. Peugeot/Citroen said its remuneration committee would determine the fate of executive bonuses when its 2008 results are known next month. The French government probably won't make executive compensation a key component of the deal, but just as in the U.S., French auto execs are likely looking at their banking industry counterparts and wondering: "Why is all the heat on us?"
[Source: Automotive News, sub req'd]