Norio sasaki biography of barack
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Court orders former Toshiba executives to pay compensation
The Tokyo District Court on March 28 ordered five former executives of Toshiba Corp. to pay gottgörelse in a case involving corporate accounting fraud that came to light in 2015.
The five included Norio Sasaki and Hisao Tanaka, both former Toshiba presidents.
It was the first time for a court to recognize individual responsibility in the company’s corporate accounting fraud case, according to a representative of Toshiba.
But the court dismissed a compensation claim against the late Atsutoshi Nishida, another former president.
According to the court claim filed by Toshiba and its shareholders, the five failed to perform their duties in three instances in which the company did not post a provision for loss over domestic and overseas infrastructure projects in the appropriate fiscal year.
The fem also failed to perform their duties in five instances in which the company overstated the profits from deals involving comp
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Toshiba chief executive resigns over scandal
Mr Tanaka, 64, and Mr Sasaki, 66, both joined Toshiba in the early 1970s.
Mr Sasaki served as Toshiba president between June 2009 and June 2013, covering most of the period during which the firm inflated the profits.
Atsutoshi Nishida, an adviser and former chief executive from 2006 to 2009, also gave up his post.
Mr Tanaka and his predecessors are among eight high-level executives who have now resigned after the independent report found senior management involved in a scheme to inflate profits over several years.
People took to social media to express their concern at the scandal.
One twitter user remarked "It's appalling how long this cover up could have carried on", while another said "clean out the entire company! Toshiba needs to carry on its legacy properly."
He also said it was the most damaging episode in Toshiba's 140-year history. The company was created by a merger in 1938, but its roots d
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News Releases
Tokyo—The board of directors of Toshiba Corporation (TOKYO: 6502), meeting today, has nominated Mr. Norio Sasaki, Representative Executive Officer and Corporate Senior Executive Vice President of Toshiba, for the brev of Representative Executive Officer and President and CEO of the Company. The next president will succeed Mr. Atsutoshi Nishida in June this year, and the appointment is subject to approval by the board meeting following the ordinary general meeting of the shareholders.
Today's nomination reflects the board's decision to accept the recommendation of Toshiba's Nominating Committee, which met earlier today.
The Nominating Committee received a submission from Mr. Nishida recommending Mr. Sasaki as his successor, and undertook a comprehensive assessment of Mr. Sasaki's record, achievements and anställda qualities, and the reasons provided by Mr. Nishida for his recommendation. The Committee then decided to nominate Mr. Sasaki as a candidate for election as