business

Toshiba execs face investor wrath over accounting scandal

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© 2015 AFP

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Still no criminal case?

5 ( +5 / -0 )

Abe's government is too busy preparing to wage wars and talking about how great they imagine the economy is going to be, to enact laws that would form the basis for such criminal cases.

0 ( +0 / -0 )

investor wrath! bring out the wet noodles and tickle feathers,,,

1 ( +1 / -0 )

New president Masashi Muromachi’s deep bows to the audience—a common act of contrition among Japanese executives—seemed to do little to persuade investors that he could overhaul the 140-year-old firm’s corporate culture

“I truly regret what happened,” said Muromachi, who temporarily cut his salary in response to the affair, and who noted he was cleared of any wrongdoing.

Top executives complained of “shameful results” that could not be made public, and a company-hired panel found they masterminded the years-long scheme to hide poor results.

Now there's a display of corporate leadership/courage if I've ever seen one. I mean he bowed a few times, took a temporary cut in pay, and promptly swept it all under the rug. No wonder he got picked as the new CEO -- he's got the good-old boys backs. Japan will NEVR get the concepts of corporate governance or fiduciary responsibility.

-1 ( +2 / -3 )

Investor wrath, eh? So, thy might actually face some punishment?

-1 ( +0 / -1 )

BUT NO CRIMINAL CHARGES. Ah, the Japanese legal system continues to amaze.

0 ( +0 / -0 )

“I truly regret what happened,” said Muromachi, who temporarily cut his salary in response to the affair, and who noted he was cleared of any wrongdoing.

......the bow and problem solved, people will forget no worries

0 ( +0 / -0 )

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