Toshiba proposes breaking up companies; shareholders to vote in March - NewsBreak
By Suzana in Business
Updated 2 years ago
TOKYO, Japan: Toshiba Corporation announced on November 12 that it will divide its business into three entities, a conciliatory move aimed at placating shareholders seeking a major revamp of the company following several scandals. An uncommon step in a nation where corporations reign supreme, news of the Tokyo-headquartered company...