business

Toshiba CEO steps down amid acquisition talks

4 Comments
By YURI KAGEYAMA

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4 Comments
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""We stand behind the principle of 'Do the right thing,' " he said, delivering the motto in English.""

Oh yes, then what do you call this?

""In 2015, Toshiba acknowledged it had been systematically falsifying its books since 2008, as managers tried to meet overly ambitious targets. An outside investigation found it had inflated profits and hid massive expenses.""

4 ( +5 / -1 )

Either CVC's acquisition has been confirmed or his mission of selling out Toshiba's assets has been completed.

Well, I don't know.

5 ( +5 / -0 )

So he just wants cheaply buy it for himself and some buddies around, all long planned and soon accomplished? Seems to be a modern economy variant of the Trojan horse story...lol

8 ( +8 / -0 )

Lets see how long it takes before he is back with cvc or a related company

6 ( +6 / -0 )

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