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Imagenation

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Toshiba CEO Hisao Tanaka quits

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Given the massive scandal that the company recently faced, perhaps this was inevitable. Toshiba’s CEO and president Hisao Tanaka was forced to quit his role after he admitted to doctoring books to show $1.2 billion in false profits. An investigation revealed that the management had been lying for over six years about the company’s operating profits in a bid to meet internal targets. The beginning of this scandal dates back to 2008. Toshiba chairman Masashi Muromachi will be filling the vacant space for the time being. 

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