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Toshiba CEO resigns after overstating profits by $1.2 billion

Over the past 6 years, Toshiba overstated profits by nearly 152 billion yen, or about $1.2 billion. The company says it will make adjustments to its earnings in response to the findings of in independent investigation committee. Meanwhile, Toshiba CEO and president Hisao Tanaka has stepped down, along with several other high-level Toshiba executives. Toshiba Chairman Masaha […]