Toshiba bosses fall on their swords

Stefan Mileschin · 23rd July 2015, 10:38

The president of Toshiba and the company’s vice chairman have resigned following “inappropriate accounting”.

Hisao Tanaka and Norio Sasaki have resigned and that follows the resignation of six other senior staff at the company.

An independent report had concluded that senior management at Toshiba inflated profits over a series of years, and Tanaka said that the company will now go through a thorough period of reform.

Toshiba will be forced to release statements about its profits between April 2008 and March 2014.

The executives who have resigned could now face extradition from Japan to the USA if the US Securities and Exchange Commission (SEC) decides they should face criminal charges.

http://www.techeye.net/news/toshiba-...n-their-swords

23rd July 2015, 10:38	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	Toshiba bosses fall on their swords The president of Toshiba and the company’s vice chairman have resigned following “inappropriate accounting”. Hisao Tanaka and Norio Sasaki have resigned and that follows the resignation of six other senior staff at the company. An independent report had concluded that senior management at Toshiba inflated profits over a series of years, and Tanaka said that the company will now go through a thorough period of reform. Toshiba will be forced to release statements about its profits between April 2008 and March 2014. The executives who have resigned could now face extradition from Japan to the USA if the US Securities and Exchange Commission (SEC) decides they should face criminal charges. http://www.techeye.net/news/toshiba-...n-their-swords

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Microsoft turns bosses into the NSA	Stefan Mileschin	WebNews	0	25th February 2014 07:22
HTC bosses rave about upcoming ‘disruptive’ tablet	Stefan Mileschin	WebNews	0	22nd October 2013 07:02
No jail time for Olympus bosses	Stefan Mileschin	WebNews	0	4th July 2013 06:14
Bosses banned from demanding employee Facebook access	Stefan Mileschin	WebNews	0	3rd January 2013 07:26
Toshiba DT01ACA100 1TB review: Toshiba's first 3.5-inch hard disk	Stefan Mileschin	WebNews	0	20th December 2012 09:47
The Rise and Fall of AMD	Stefan Mileschin	WebNews	0	22nd November 2012 06:54
Toshiba Launches the Toshiba Satellite L Series Laptops	Stefan Mileschin	WebNews	0	8th March 2012 09:33
Swords Crossed: ATI CrossFire Platform Review	jmke	WebNews	0	28th September 2005 21:09
ATI Crosses the Swords: Multi-GPU CrossFire Technology Previewed	jmke	WebNews	0	1st June 2005 16:43
Law cracks down on bosses who read company emails	Sidney	WebNews	0	4th May 2005 16:35