Toshiba Corp. announced yesterday that it will take a $6.3 billion writedown to account for the meltdown of its nuclear division. This amount of writedown is much higher than the markets had anticipated, forcing Toshiba into crisis mode having to … Continue reading
On Monday, Toshiba released their twice-delayed final financial data for the last fiscal year (ended March 2015) in what it undoubtedly hoped would be the first step to turning the page from a scandal-racked year. But forces out of their … Continue reading
BREAKING NEWS Reports Say CEO is Out; Board of Directors Faces Massive Overhaul When Japan Prime Minister Shinzo Abe announced an initiative to tighten up corporate oversight he couldn’t possibly have known that his administration’s first catch might be his … Continue reading