Over the course of its 145-year history, Toshiba Corp. has become a household name in Japan, with the firm often seen as representing the country along with other famed electronics giants such as Sony Group Corp. and Panasonic Corp.
But Toshiba¡¯s reputation has taken a significant hit in recent years due to a series of scandals, and the company now seems to represent the shortcomings of Japan¡¯s corporate culture ¡ª weak governance, conflict with foreign investors and a lack of strong leaders.
The Tokyo-based industrial conglomerate saw further damage to its brand in June after it was found to have colluded with the government to influence foreign investors¡¯ voting behavior at an annual shareholders meeting.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.