Toshiba chief hinted at resignation in May

Jul 17, 2015

Toshiba chief hinted at resignation in May

Toshiba Corp. President Hisao Tanaka hinted in May that he would step down to take responsibility for an accounting scandal that has savaged the reputation of the once-mighty Japanese conglomerate, a company source said. Amid media reports Friday that his exit may come as ...

Jul 15, 2015

Toshiba CEO to step down in September over accounting scandal

Toshiba Corp. Chief Executive Hisao Tanaka will step down in September along with other board members including Vice Chairman Norio Sasaki to take responsibility for accounting irregularities, sources familiar with the matter said. The Japanese conglomerate has hired a third-party committee to investigate past ...

Jul 15, 2015

Toshiba's cooked books

Unless it's determined why Toshiba's existing governance mechanism failed to prevent accounting irregularities it will be difficult to prevent similar incidents in the future.

Jul 8, 2015

Toshiba's padded profits may reach ¥200 billion

Improperly booked operating profits at Toshiba Corp. for the five years through March 2014 may reach some ¥200 billion, nearly double the level that has been projected so far, informed sources said Wednesday. The amount is about 20 percent of Toshiba’s officially reported consolidated ...

Jun 5, 2015

Toshiba may skip summer bonuses for execs

Toshiba Corp., hit by an accounting scandal, may skip this year’s summer bonuses for its executives, informed sources said Friday. The machinery giant is mulling the move because the company has been unable to finalize its earnings report for fiscal 2014, which ended in ...

May 27, 2015

Toshiba execs to have salaries cut by up to 50%

All 41 executive officers of Toshiba Corp. will have their salaries cut by up to 50 percent as the company takes responsibility for accounting irregularities, sources close to the matter said Wednesday. The pay cuts, which range between 10 percent and 50 percent, will ...