Toshiba blames former CEO's 'confrontational approach' to shareholders


By Makiko Yamazaki TOKYO (Reuters) -Japan's Toshiba Corp on Monday blamed its former chief executive for fomenting a "confrontational approach" to shareholders, citing that as underlying factor in its widening governance crisis.

The comment from Osamu Nagayama, the chairman of Toshiba's board, comes after a shareholder-commissioned investigation revealed the company colluded with the Japanese government to "beat up" foreign shareholders. One shareholder has described the scandal as the biggest corporate.....

This article is no longer available in our repository.

There could be multiple reasons for this.