Manus welcome to i am manus cranny. Welcome to the pulse. I am manus cranny. The story of day from the asia. The president of toshiba along with two other executives, their resignation and their formal News Conference and this was a 1. 2 billion scandal restating their earnings over the past six years, unrealistic led to what is a systemic flawed accounting process, challenging the culture within japan. Probably one of the single most important issues that will be addressed here which is so much power for people as of the top and no way for anybody to really challenge the toshiba accounting methods. Everything from Nuclear Reactors and ships. A is now falling on hisao tanaka the president. If we have any headlines, we will bring them to you. Our top story and that is commodities. Bloomberg commodities index dropped to a 13 year low yesterday. Right . Ryan you have to go back to 2002 to see Commodity Prices where they are now. A fiveyear low. 2012 when we had the darkest days of the eur
President tanaka attended an emergency Board Meeting on tuesday with norio sasaki and atsutoshi nishida. They told Board Members they were quitting. Sasaki had been serving as vice chairman and nishida as an adviser to the board. On monday, members of a special panel released the findings of a investigation into irregularities at toshiba. In the report they blamed executives for inflating profits. They said there was a systematic problem at the firm that went all the way to the top. They also said toshiba will have to write down operating profits between fiscal 2008 and 2014 by about 1. 2 billion. The Panel Members found irregularities in a wide range of toshibas businesses, including infrastructure building, semiconductors, and personal computers. Members of the panel met with reporters on tuesday after issuing the report. Translator we were shocked to discover that one of the most Prominent Companies in japan systematically padded its earnings. The panel leader also said a Corporate
President tanaka attended an emergency Board Meeting on tuesday with norio sasaki and atsutoshi nishida. They told Board Members they were quitting. Sasaki had been serving as vice chairman and nishida as an adviser to the board. On monday, members of a special panel released the findings of a investigation into irregularities at toshiba. In the report they blamed executives for inflating profits. They said there was a systematic problem at the firm that went all the way to the top. They also said toshiba will have to write down operating profits between fiscal 2008 and 2014 by about 1. 2 billion. The Panel Members found irregularities in a wide range of toshibas businesses, including infrastructure building, semiconductors, and personal computers. Members of the panel met with reporters on tuesday after issuing the report. Translator we were shocked to discover that one of the most Prominent Companies in japan systematically padded its earnings. The panel leader also said a Corporate
Joining forces to try to stop innocent shoppers from being caught by fake buying fake products. Top executives at Electronics Giant toshiba have been forced to quit after a scandal. They are leaving over a systematic wrong doing at the firm. Translator we sincerely admit to having cause the trouble. I genuinely apologize to all of our shareholders and those involved in our businesses. I am deeply sorry. President tanaka attended an emergency Board Meeting with norio sasaki and Atsutoshi Nishida earlier in the day. Sasaki has been serving as vice chairman and nishida as adviser to the board. A day earlier members of a special panel released the findings of wrong doing. They say there was a systemic problem at the firm that went all the way to the top. They also said toshiba will have to write down operating profits between fiscal 2008 and 2014 by about 1. 2 billion. The Panel Members found irregularities in a wide range of toshibas businesses includinginclude including semiconductors an