Philippe Varin, the outgoing CEO of struggling French carmaker PSA Peugeot Citroen, has turned down...
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Philippe Varin, the outgoing CEO of struggling French carmaker PSA Peugeot Citroen, has turned down his 21 million euro pension plan offer - after a national outcry over the sum.
Renouncing the package, Varin said he was doing out of "immense respect ... for our company's staff"
French union leaders and government officials had slammed the pension amount as "shocking" and "inappropriate".
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