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Toshiba CEO suddenly falls on sword
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Toshiba CEO suddenly falls on sword
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2nd March 2022, 13:58
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,769
 |  Toshiba CEO suddenly falls on sword Sudden departure after restructuring plans Toshiba CEO Satoshi Tsunakawa announced a surprise resignation after revised restructuring plans sparked opposition within the company and anger from shareholders. New interim CEO Taro Shimada said the company would continue its break-up plan as it had been approved by the board. The scandal-ridden conglomerate decided to split into three in a move which was panned by foreign hedge fund shareholders who preferred Tosh was flogged to a finance firm. But a revised plan last month that called for a breakup into two companies and the sale of other businesses met with internal dissent. https://fudzilla.com/news/54452-tosh...falls-on-sword |
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