back to article Toshiba CEO steps down as objections to re-org persist

Toshiba has made a raft of new executive appointments as its reform plan meets with renewed opposition. The beleaguered Japanese giant today announced [PDF] the departure of CEO Satoshi Tsunakawa, and the appointment of current corporate senior vice president Taro Shimada as his replacement. No explanation was offered for …

  1. Anonymous Coward
    Anonymous Coward

    "private equity firms who feel Toshiba needs a cleansing period in private ownership"

    I'll bet. Cleansed of its assets and anything of value while leaving behind a sparkling clean debt-ridden shell, amirite?

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