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Another Scandal Unsettles Corporate Japan as Paper Maker Accuses Ex-Chairman.
- Source :
-
New York Times . 10/29/2011, Vol. 161 Issue 55573, p3. 0p. - Publication Year :
- 2011
-
Abstract
- TOKYO -- It is the second wild boardroom drama to shake up corporate Japan in days: the country's leading tissue maker, Daio Paper, said on Friday that it would file a criminal complaint against its former chairman, accusing him of illicitly borrowing $140 million in company money and channeling some of it to a Las Vegas casino company. The controversy provides yet another lens into the seemingly free-wheeling behavior -- and disregard for corporate governance -- still seen among top management at some of Japan's leading companies. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 161
- Issue :
- 55573
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 66875117