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Toshiba Corp.

Toshiba: Beginning to Slip From View

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Company Pulls Monster LED Display from Times Square

Top of Toshiba's Times Square displayStruggling Toshiba Corp. has made what is undoubtedly a difficult decision and a big blow to their corporate ego  – they will abandon their giant LED display overseeing Times Square. The huge lighted billboard was a prominent showing of the Toshiba logo all year-round, but especially during the dropping of the ball on New Years Eve, when it served as the countdown shown on network TVs as cameras broadcast the ball drop around the world. The Toshiba logo has literally lit up Times Square for ten years, having been first erected there in December 2007.

See more on Toshiba’s decision to vacate Times Square… [Read more…] about Toshiba: Beginning to Slip From View

Toshiba Machine Buys Its Independence from Toshiba

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Toshiba Machine logo

You know things aren’t going well when divisions of your own company want to break the chains of their association with you. That is essentially what happened when Toshiba Machine “bought” its independence by buying out the shares of its stock held by parent company Toshiba Corp.

A new and strange twist in the saga of the stumbling Toshiba… [Read more…] about Toshiba Machine Buys Its Independence from Toshiba

Toshiba Hit with Record Fine; Shareholders Sue

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Photo of Toshiba presidentDespite its best efforts to turn the corner after its forced disclosure earlier this year of one of the largest accounting scandals ever to jolt the Japanese financial community, Toshiba Corp. just keeps getting  hit with more and more bad news. This bad news includes Japan’s financial regulators assessing the largest fine ever in the history of the country for financial mismanagement – ¥7.37 billion or about $60 million.

And now, the very first wave of shareholder lawsuits against former Toshiba executives are filed…and they are big.

See more on Toshiba’s continuing waves of woes… [Read more…] about Toshiba Hit with Record Fine; Shareholders Sue