A load of tosh

Tanaka’s lost face

“INCREASING profits is important,” declared Hisao Tanaka, the chief executive of Toshiba, a conglomerate, as he resigned on July 21st, “but it must be grounded in a basis of fair accounting.” The audience might have questioned his right to carry on preaching. The day before, an investigative panel found that Mr Tanaka and two predecessors had incited subordinates to cook the firm’s books and inflate profits by ¥152 billion ($1.2 billion) over seven years...

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