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Another Scandal Unsettles Corporate Japan as Paper Maker Accuses Ex-Chairman.

Authors :
Tabuchi, Hiroko
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