Toshiba engulfed by scandal again — and the prime minister is implicated Japanese industrial giant Toshiba is attempting to recover from its third major corporate governance scandal in six years — and this time the nation's prime minister is alleged to have played a part. Toshiba’s first big mess was the 2015 accountancy scandal in which it admitted to over-stating revenue by $1.2 billion. Next …
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But Toshiba is not worthless. Selling shares over a disagreement with the Board is not a financially justified move.
Sure, if you're holding twenty shares in a company, or even two hundred, and said company does something you intrinsically cannot abide, then sell your shares, by all means, but remember that someone else is going to buy them.
Effissimo likely has much more than a paltry two hundred shares if it is in a position to raise its voice in a General Assembly. It is right to push for change and, if recent Toshiba history is anything to go by, it will likely get support from other major shareholders.
Skipping town is for people who don't care. If you care, you stay and try to make things better.
"A government being Big Business puppet?"
Probably more like a partner than a puppet. In many ways Japan operates more like a family with 126,000,00 members than like western countries. And I wouldn't have too much faith in the legal system fixing things. Conflicts in Japan rarely get hashed out in court. There are only 14000 lawyers in the whole country -- about the same as Alabama or Puerto Rico.
Clearly Toshiba have totally got this
A couple more fumbles and the board will be replaced by the company that buys Toshiba for peanuts.
Personally I am more upset at the fact my Toshiba TV plays adverts at me and I have no way of stopping it.
Some of the TV ads are for violent programs that my youngest saw.
Let them fail.
The way they treated me as a loyal customer for several years and always singing their praises to my customers, I would never ever touch their products again nor endorse them. Never have I ever wanted a company like Tosh to go under but for then "Toshiba" I look forward to that day happening vey soon
It's refreshing that such things are actually being investigated in Japan.
Here we have dead laws and institutions and corruption is rife. Basically the ministers treat the UK as their own company and donors are their customers.
If only they could get those pesky tax payers to shut up...
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