Tuesday, July 21, 2015

Toshiba billion lie – now must CEO go – ITavisen.no

Hisao Tanaka finished in the company.

Tuesday, 21 July 2015 – 12:49

Tanaka was manager of the company, involved in the great billion scandal that now characterizes technology global headlines .

Accounting Cheating
Together with two other high-profile company employees have chosen to go (although in reality they had no choice) with immediate effect.

They have, after all, reported $ 1.2 billion (about 10 billion) in profits, an amount that the head had no root in reality. It turns out that they have lied about profits for six years – they shall be a done this in order to meet internal targets of the company.

It was an independent ettforskning that uncovered cheating, which began shortly after the financial crisis occurred seven years ago.

Chairman Masashi Muromachi will take over the position as CEO.

Hidejiro Shimomitsu and Masahiko Fukakushi was also part of the lie, and say, as the Tanaka up their positions.

Source:
Bloomberg

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