business

Toshiba predicts huge first-half operating loss

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By Makiko Yamazaki

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Toshiba said its operating loss would be roughly in line with the 90 billion yen ($741.11 million) loss the Nikkei business daily said it would book in a report earlier on Thursday, and that it planned a 70 billion yen writedown for one of its subsidiaries.

The corporate rot their obviously ran throughout the company. And, of course, like in all the other cases, like Olympus, it is the shareholders who pay the price. No wonder the average "Joe" in Japan stays away from the stock market. They damn well should sue the ex CEO's. THey had a fiduciarly reponsibility, and they trambled all over it.

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