Scan the super-duper QR code with your phone camera or 
Gender equality in Japan took an expected blow yesterday when the female head of Sanyo, Tomoyo Nonaka, resigned from the company citing the now-ubiquitous ‘personal reasons.’
Nonaka had been in charge – first as CEO, then as chair – from June 2005, when she became the first woman to run a major-league Japanese electronics firm. Japan’s notoriously conservative society is generally considered to extend to its businesses and the lack of opportunity therein for women to advance.
Although Sanyo’s brief official statement on her departure reads simply “Chairperson Tomoyo Nonaka has turned in her letter of resignation” rumors about false accounting and board-level disagreements are widely considered to have played a part.
Sanyo said recently that it may need to revise four years of financial results after a local newspaper reported that more than $1 billion in losses may have been overlooked. Fiscal regulators in Japan are readying an investigation into the matter.
The resulting boardroom objections to Nonaka’s plans for an internal investigation and a share price that has fallen by a third since she took over all appear to have influenced the outcome as Sanyo looks to make its way back from an imminent third consecutive annual loss.
(Crossposted to Tech.co.uk)
Next entry: Voice-recognition robot entertains as domestic slave
Previous entry: Matsushita remains tight-lipped about possible sale of JVC
Support DWT and share the love:
Or try our acclaimed members-only dating site:
C'mon - let's hear it...
Spammers beware: Any links in comments to commercial websites will be treated as paid advertising and will be charged at rate of $10 per link per day. Invoices will be sent to the idiots who hire you for so-called SEO jobs. All you good people will always keep it real, of course - thanks!
