Toshiba CEO Tanaka, Other Officers Resign Over Accounting Scandal

Toshiba president and CEO Hisao Tanaka and several other executives and board of directors resigned over the accounting scandal confronting the company.

Yesterday, Toshiba disclosed that its independent investigation committee found that it needs to correct approximately $152 billion yen in its past financial results from 2008 to 2014. The senior management of the Japanese company systematically exaggerated its earnings over the past seven years, according to the independent committee.

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