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Toshiba CEO suddenly falls on sword
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Old 2nd March 2022, 14:58   #1
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Default Toshiba CEO suddenly falls on sword

Sudden departure after restructuring plans

Toshiba CEO Satoshi Tsunakawa announced a surprise resignation after revised restructuring plans sparked opposition within the company and anger from shareholders.

New interim CEO Taro Shimada said the company would continue its break-up plan as it had been approved by the board.

The scandal-ridden conglomerate decided to split into three in a move which was panned by foreign hedge fund shareholders who preferred Tosh was flogged to a finance firm. But a revised plan last month that called for a breakup into two companies and the sale of other businesses met with internal dissent.

https://fudzilla.com/news/54452-tosh...falls-on-sword
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