Posted: 19 Feb 2017 07:00 PM PST
Toshiba’s
chairman, Shigenori Shiga, has accepted the responsibility for his
company’s financial challenges and operating losses and resigned his
position as chairman and as a board member. He remains an executive with
the company. After some early confusion related to a discussion about
its financial statements with its auditors, Toshiba has announced that
it will report a loss of 390 billion yen, or $3.4 billion, for the
fiscal year that ends in March 2017.
The post Toshiba Announces $6.3B Writedown On A $229M Construction
Company Acquisition appeared first on The Energy Collective.http://www.theenergycollective.com/rodadams/2398838/toshiba-announces-6-3b-writedown-229m-construction-company-acquisition?utm_source=feedburner&utm_medium=email&utm_campaign=The+Energy+Collective+%28all+posts%29
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