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“We’ve always been against excessive pay,” the official said. “It’s not about the presumption of innocence but ethics and decency.”. The board approved committee proposals to cancel variable and performance pay in the form of 455,658 shares in the company, according to resolutions seen by Reuters. Renault shares were up 0.3 percent at 56.93 euros as of 1404 GMT. It also agreed to “waive Mr. Ghosn’s non-compete commitment and, consequently, not to pay the corresponding compensation”, Renault said - adding that a decision on his 2018 pay package would be taken separately at a March 15 board meeting.
(Reuters) - Twitter Inc Chief Executive Jack Dorsey said on Tuesday that Silicon Valley companies, including his own, have not done enough to protect victims of online abuse, vintage black onyx cufflinks calling it a “huge fail.”, Interviewed via Twitter by Kara Swisher, co-founder of the tech news site Recode, Dorsey tweeted that he would give himself a ‘C’ grade for what Swisher termed “tech responsibility.”, “We’ve made progress, but it has been scattered and not felt enough,” he tweeted in response to Swisher’s questions, “Changing the experience hasn’t been meaningful enough, And we’ve put most of the burden on the victims of abuse (that’s a huge fail).”..
Twitter, along with online social media network Facebook Inc, has faced criticism for abusive posts, fake users and inaccurate news stories on its service. The company has been investing heavily to improve what Dorsey has described as the “collective health” of Twitter. Dorsey said on Tuesday he does not like how Twitter tends to incentivize outrage, short-term thinking, echo chambers, and fragmented conversations, and that the lack of diversity in the company has not helped in combating such problems.
PARIS (Reuters) - Netflix now has more than 5 million subscribers in France, a spokesman for the U.S, video streaming giant said on Wednesday, confirming a report by daily Le Figaro, This means the Los Gatos, California-based company has more subscribers in France than Canal Plus, the country’s number one pay-TV group, wholly-owned by media group Vivendi, with 4.76 million subscribers at end of September, vintage black onyx cufflinks Netflix boasts having about 130 million subscribers in more than 190 countries, After a timid debut in France, the service has seen its customer base grow thanks to a richer catalog of movies and series and the increased appetite from younger generations for on-demand videos online..
ALGIERS (Reuters) - Japan’s second-largest automaker Nissan Motor Co has signed a joint venture agreement with an Algerian private partner to build a car assembly plant at a cost of $160 million, the company said on Wednesday. The plant, near the western city of Oran, is due to start production in the first half of 2020 with a capacity of 63,500 vehicles per year, Peyman Kargar, Nissan’s senior vice president and chairman of operations in Africa, Middle East and India, said at a signing ceremony in Algiers.
Nissan’s partner, Hasnaoui Group, will hold a majority stake in the project, which is expected to create 1,800 jobs, Algeria has banned car imports as part of an attempt to cut spending due to lower oil and gas earnings, the main source of state finances, “We want to help diversify our economy,” said Hasnaoui Group’s owner Sofiane Hasnaoui, The North African country, an OPEC member, has been trying to vintage black onyx cufflinks attract foreign investment and develop the non-energy sector, which accounts for just 6 percent of total export revenues..
DUBLIN (Reuters) - Barclays has spent 100 to 200 million pounds ($129-258 million) moving operations and staff out of Britain to prepare for Brexit, its UK chairman Gerry Grimstone said on Wednesday as bank bosses detailed the costs involved. International banks have been setting up subsidiaries across the European Union since Britain voted to leave the bloc in 2016 to ensure they can continue to serve clients if their operations in London lose the rights to do so from March 29. Barclays has moved its European headquarters and almost 200 billion euros in assets to Dublin and last year began shifting 40 to 50 investment banking jobs to Frankfurt from London.
Grimstone detailed Barclays’ costs after Bank of America Vice Chairman Anne Finucane told a vintage black onyx cufflinks banking conference in Dublin that her bank had spent $400 million on its Brexit preparations, “I hate to say that we’re more cost effective than Bank of America, We’ve certainly spent 100, 150 or 200 million,” Grimstone said at Dublin’s annual European Financial Forum, Morgan Stanley’s head of EMEA, Clare Woodman, declined to say how much the bank had spent on its moves to Paris and Frankfurt..