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Toshiba chairman Shigenori Shiga quits post over huge losses

Zee News Tuesday, 14 February 2017
Toshiba said on Tuesday its chairman Shigenori Shiga was stepping down from his post as the company warned it was set to book multi-billion-dollar losses in its US nuclear business.  
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News video: Toshiba chairman steps down as company takes $6.3B hit from nuclear unit

Toshiba chairman steps down as company takes $6.3B hit from nuclear unit 00:56

After a day of delays and confusion, Japan's Toshiba Corp said on Tuesday it would book a $6.3 billion hit to its U.S. nuclear unit, a write-down that wipes out its shareholder equity and leaves the loss-making group scrambling for capital. The company also said on Tuesday that its chairman,...

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