Toshiba Executives Resign Following Release of Accounting Scandal Report

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Half of Toshiba’s 16-member board of directors, including President and CEO Hisao Tanaka, will resign amid a ¥151 billion ($1.2 billion) accounting scandal in which the company overstated profits between 2008 and 2014. The scandal follows the release July 20 of a Japanese government investigation into corporate governance. That investigation report found that Toshiba under-reported costs

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