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Toshiba accounting scandal may lead to CEO's ouster
Toshiba might be in for a rough, rough ride. Reuters sources claim that the tech giant is going to rack up the equivalent of $2.4 billion to $3.2 billion in charges due to "overstated profits" over the past six years. Investigators are still trying to determine whether or not executives played a role, and they won't reveal the extent of what went wrong until sometime next week. However, their findings may not matter much for CEO Hisao Tanaka -- he'll reportedly have little choice but to resign for letting this scandal happen on his watch. More than half of the board of directors may get the boot, too.
