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You are here: Home / Archives for scandal

scandal

Bad Heir Day – Prosecutors Demand 12-Years of Hard Time for Billionaire Samsung Heir

August 9, 2017 by Ted Leave a Comment

Samsung's Vice Chairman LeeSouth Korea is buzzing at the news that prosecutors have demanded no less than a 12-year prison term for Samsung’s billionaire heir, Jay Y. Lee. Lee is accused of attempting to solidify his total control of the massive company through a sketchy scheme that included bribing the South Korean President, Park Geun-hye.

See more on these shocking revelations that may lead to problems for Samsung… [Read more…] about Bad Heir Day – Prosecutors Demand 12-Years of Hard Time for Billionaire Samsung Heir

Filed Under: Asian Connection, Financial, Law, Manufacturers, News, People Tagged With: Jay Y. Lee, President Park Geun-hye, Samsung, scandal

Toshiba Credit Rating Cut to ‘Junk’ Status by Moody’s

December 29, 2015 by Ted Leave a Comment

Toshiba signLast week, Moody’s Investors Service announced that it was cutting Toshiba Corp.’s long-term senior bond rating to Ba2, or “junk” status. Considering recent reports from Toshiba, a major industry player that is stumbling in the wake of a scandalous accounting misstep reported earlier this year, the move from the rating service makes sense. But the headline about a brandĀ that was once one of the most admired companies in Japan, and a worldwide industrial and electronics powerhouse for many years, is stunning nonetheless.

There is even moreĀ from Moody’s, who changed other ratings as well… [Read more…] about Toshiba Credit Rating Cut to ‘Junk’ Status by Moody’s

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Pivot Point Tagged With: Masashi Muromachi, Moody's Investors Services, scandal, Toshiba

Toshiba Stuns Markets Again, New Whistleblowers Claim More Wrongdoing

September 3, 2015 by Ted Leave a Comment

10 New Investigations into Allegations of Improprieties, Including at U.S. Subsidiary

Photo of Toshiba presidentJust when you thought things couldn’t get worse for the aging Japanese industrial giant, Toshiba Corp. again stunned the financial community in Japan – forced to postpone their already delayed financial reports which were expected at the end of August. The company said it was forced to delay the report in the face of ten whistleblowers who have come forward alleging more company misdeeds. The company has launched ten new investigations, including one at a U.S. subsidiary.

See more on this shocking development from the already damaged company… [Read more…] about Toshiba Stuns Markets Again, New Whistleblowers Claim More Wrongdoing

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Pivot Point Tagged With: scandal, Toshiba

Toshiba Struggles to Get Past Troubles

August 19, 2015 by Ted Leave a Comment

Toshiba FacilityToshiba Corp. has been subjected to almost daily press stories and analyses in the Japanese media on their continued struggles in the wake of a huge accounting scandal at the formerly blue-chip powerhouse company. The scandal was likely large in terms of financial losses, but even larger in terms of decimating the reputation of the company and its management. To turn the situation around, the company must start to build a new reputation for reliability. It isn’t going to be easy…

New President, new board, secret ballets…strange stuff… [Read more…] about Toshiba Struggles to Get Past Troubles

Filed Under: Asian Connection, Financial, Law, Management, Manufacturers, News, Pivot Point Tagged With: scandal, Toshiba

Best Buy’s Founder is Forced Out as Ex-CEO Receives $6.6 million Severance

May 16, 2012 by Ted 2 Comments

<May 16, 2012> The news out of Best Buy Stores, Inc. continues to be ugly. Earlier this week, we learned Best Buy Logothat the board investigation into the unseemly Brian Dunn affair has taken an unexpected turn, resulting in Best Buy founder and board chairman Richard Schulze being forced out of his own company. And yet, some market analysts are celebrating. Why? [Read more…] about Best Buy’s Founder is Forced Out as Ex-CEO Receives $6.6 million Severance

Filed Under: News, Retailers Tagged With: Best Buy, Brian Dunn, Richard Schulze, scandal

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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