Major Japanese newspaper
CVC is an international private equity and credit company, which has committed nearly
Toshiba, founded in 1875, was long revered as one of Japan’s most pristine brands, developing the nation’s first radar and microwaves, electric rice cookers and laptop computers. It also invented flash memory, the ubiquitous computer chips that store and retain data for digital cameras, cellphones and other gadgets. Toshiba no longer makes laptops and has sold its computer chips division.
In recent years it has been dogged by ethical questions and has been mired in scandals. In 2015, Toshiba acknowledged it had been systematically falsifying its books since 2008, as managers tried to meet overly ambitious targets. An outside investigation found profits had been inflated and massive expenses hidden.
It invested heavily in nuclear power. But after the
After Toshiba had acquired Westinghouse in 2006 with much fanfare, the
Toshiba is now tasked with decommissioning nuclear plants in
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