Toshiba CEO steps down over accounting scandal




 
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Toshiba CEO steps down over accounting scandal
 
July 21st, 2015  
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Topic: Toshiba CEO steps down over accounting scandal


Toshiba CEO steps down over accounting scandal
Toshiba Corp's chief executive stepped down on Tuesday after an independent investigation found he had been aware the company had inflated its profits, in the country's biggest corporate scandal in years. CEO and President Hisao Tanaka said he will be temporarily replaced by Chairman Masashi Muromachi, adding that the company was considering appointing outside directors to over half of its board seats. "I see this as the most damaging event for our brand in the company's 140-year history," Tanaka told a news conference after making a ritual deep bow of contrition to a flurry of camera shutters and flashes.




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