32 days ago • Posted by Martin Boujol
Toshiba is having a rough couple of years
Toshiba's CEO Nobuaki Kurumatani resigned today, as his impartiality was being questioned in the buyout talk with his former employer CVC Capital Partners. CVC plans to turn the company private, to shareholder's dismay. The company's revenues have been decreasing for years now, from almost $60 billion in 2008 to only half of that in 2019. What will happen to Toshiba?