Showing posts with label toshiba. Show all posts
Showing posts with label toshiba. Show all posts
Tuesday, April 11, 2017
Wednesday, July 22, 2015
Toshiba's False Profits
It seems that 30% of Toshiba's "profits" in the past 7 years were fabricated!
An independent panel appointed by Toshiba said that the firm had overstated its operating profit by a total of £780M.
Toshiba's chief executive and president Hisao Tanaka has resigned. Eight senior executives have now resigned after the independent report found that senior management were involved in a scheme to inflate profits over several years.
An independent panel appointed by Toshiba said that the firm had overstated its operating profit by a total of £780M.
Toshiba's chief executive and president Hisao Tanaka has resigned. Eight senior executives have now resigned after the independent report found that senior management were involved in a scheme to inflate profits over several years.
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