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© 2021 AFPToshiba apologizes to shareholders after vote probe
TOKYO©2022 GPlusMedia Inc.
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© 2021 AFP
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justasking
"I made a deal with METI, but I was not aware of it."
Nice excuse.
n1k1
Who will pay for the damage tho ?
Akula
Toshiba is one Japanese stock I don't own, and will probably never buy, as I just don't have any confidence in their management. This is just the latest disgrace.
Robert Cikki
Simplify it into "We take these commments seriously and we will continue to use them to improve in the future.". Both are so Japanese ways of saying something but without any meaning.
drlucifer
Me, won't go near any of their products.
Cricky
Japanese corporate governance is like a Swiss Cheese, full of holes and starting to turn a greenish blue. No matter how much yellow paint the government try to paint it with.
Mlodinow
I was going to make a joke about them only firing outside directors, but the CEO beat me to it by not only not removing anyone (not reappointing is different to removal) but by stealing my idea and limiting punishments to outside directors.
TARA TAN KITAOKA
Is this a global company???
dan
@Cricky spot on mate
englisc aspyrgend
Apology not accepted, resign (and take the other rubbish with you).
virusrex
This is not even an apology, the actions of the company (and the METI) are inexcusable and the responsible people can't use the excuse of having just a lapse, it was a planned action with the full intent to damage the interests of investors.
Ascissor
Would Suga care to comment? No, I thought not.
justasking
To be fair, there are companies in Japan that are faring really well and are ran by younger generation - Softbank, Line, Rakuten, Mercari...
We just need to get rid of the dinosaurs to save the old companies.
Kobe White Bar Owner
@TARA TAN KITAOKAToday 06:22 pm JST
Is this a global company???
learn the difference between pic and Ltd pls.
Kobe White Bar Owner
“Singapore-based Effissimo, Toshiba's top shareholder, had nominated three candidates, including its own co-founder, as directors. Ultimately none were elected.”
taken from a previous JT article.
Septim Dynasty
It is already a reality to a certain extent.
*As Japan moved to conduct House of Representatives elections in December 2012, attention in Western media and academic circles turned, as it does from time to time, to the question of whether the country was in decline, or even in some sort of crisis. Already five years have passed since the Minister for Economic Policy declared to the National Diet that “in economic terms Japan is no longer a first-class country,” by which she meant that its GDP had shrunk below 10 per cent as a proportion of the world's for the first time in 24 years.*
Since the 2009 Great Recession, Japan is not considered among the OECD elites (a first-class country). The 2020 COVID-19 Great Recession only double slammed a final blow to the Japanese economy, permanently.
CaptDingleheimer
@Septim, none of this will be helped by the fact that hardly any Japanese go abroad for college anymore:
JAOS-Survey-2017_Number-of-Japanese-studying-abroad180124.pdf
mmwkdw
Does not do much good for Japanese Credibility as a transparent market environment. Shady back room dealings between the Government and Publicly traded Companies... Government Officials involved should be sacked, and the entire Company delisted - and that includes Toshiba. Go fund yourself somewhere else with other peoples money!