Shareholders oust Toshiba chairman

Nagayama, previously CEO of Chugai, Sony Board member, and now ex-Chairman Toshiba. Lurching from failure to failure. A corporate suit, he looks like he was promoted way above his competence level.

This incident will set back perceptions of the Japanese market to the 1980s bubble era when it was assumed that it was systemically rigged against investors by backroom cabals. 

I encourage you to read the detailed analysis by the financial times :

https://www.ft.com/content/825f549f-2a56-4bab-bf7f-157649eeb45d

It does not bode well for share holder confidence in B J C.

It's time to sell Toshiba for CVC.

Nagayama, previously CEO of Chugai, Sony Board member, and now ex-Chairman Toshiba. Lurching from failure to failure. A corporate suit, he looks like he was promoted way above his competence level.

Actually, He was one of the people responsible for Sony's turnaround.

Nice!! That's a step forward to fair business practiques.

Coverage is suggesting that this is a landmark event and progressive.

I think it more likely that the government will increasingly allow foreign shareholders to only hold 'non-voting' stock in Japanese companies, on the grounds of 'national security'.

“ Toshiba officials colluded with the Japanese government “

when they say government they mean Suga just don’t like to mention it anymore.