Peugeot chief renounces $29 million pension deal after outcry

The outgoing chief executive of French carmaker PSA Peugeot Citroen (UG.PA) said he would forego his pension package after an outcry from government ministers and labor unions. Peugeot has set aside 21 million euros ($28.5 million) for Philippe Varin's pension deal.

via Business News - Yahoo Finance http://finance.yahoo.com/news/peugeot-chief-renounces-29-million-184000949.html