TEPCO Head Resigns Amid Huge Losses

Tokyo Electric Power Co. President Masataka Shimizu said today he was stepping down in disgrace after reporting the biggest financial losses in company history. Shimizu, criticized for his low profile during the early days of the Fukushima Dai-ichi nuclear plant disaster, said he was resigning to take “responsibility” but vowed…

Read more here:
TEPCO Head Resigns Amid Huge Losses

Posted by on May 20, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.