Kobe Steel shares dive as quality scandal spreads

This company is not going to stay down long. Here's a chance to make some cash in the market!

a venerable firm that once employed Prime Minister Shinzo Abe

Correction, was a venerable firm.

Good! As they should.

"The embarrassing scandal for Kobe Steel -- a venerable firm that once employed Prime Minister Shinzo Abe"

TumbleDry makes a good point -- WAS once a venerable firm, and clearly hasn't been for a while. Maybe that's where Abe got his training in corruption from.

In any case, word's spreading that bullet trains may be unsafe, Boeing planes as well as Japan's new jet under development, etc. The government might actually be forced to enforce some laws against a corporation for a change.

These clowns should be bowing to their shareholders and customers.

Now US companies are involved. Wait until the law suits start rolling in. No more Kobe Steel.

Mitsubishi, Nissan, Tepco, Takata, Kobe....When will it end???? Is this why Japanese corporate management exploits its workers by demanding record overtime working hours.......So the art of cheating can be perfected?

It's time for Japanese workers to stand up for better working conditions and pay. There is a major Japanese labor shortage, but there is no commensurate increase in wages and hours. Also, there has been no lifting of the corporate glass ceiling that keeps Japanese women from upward mobility. Why has corporate management purposely underutilized this educated and hard working class of female talent?

Unfortunately, Japan is not alone. China, Inc. has been exploiting consumers and workers for decades.

But the corporate model for predatory and fraudulent practices flourished in the U.S. in the 19th and 20th centuries. Now, disappointingly, under Donald Trump, American workers will lose their health care coverages, pay more taxes and will be relegated to work for dying industries like domestic oil production.

We are doomed to relive the ghosts of our past.