Toshiba Executives Resign Following Release of Accounting Scandal Report


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

To see the rest of this post, please view membership options or log in to your account below.


error: Alert: Content is protected !!