1. Toshiba CEO Quits ‘House Of Cards’ Inflated By $1.2B

    Toshiba CEO Quits ‘House Of Cards’ Inflated By $1.2B

    Toshiba CEO Hisao Tanaka resigned Tuesday after securities regulators uncovered fraudulent numbers on the company’s balance sheet. The Wall Street Journal reported that the Japanese industrial and electronics company overstated profits to the tune of $1.2 billion (152 billion yen) over a seven-year period. Eight other executives quit their posts along with Tanaka in acceptance of blame for the falsified figures of the Japanese technology manufacturer inflating its profitability picture...

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