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Toshiba To Cut Interim Ceo Pay By 90 Percent On Accounting Scandal


Ron Burgundy
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Toshiba Corp Chairman of the Board Masashi Muromachi attends a news conference at the company headquarters in TokyoToshiba Corp said it would slash its interim chief executive's monthly salary for the next two months by 90 percent, including previously announced cuts, following revelations of improper accounting at the Japanese conglomerate. The company said on Wednesday it would reduce Masashi Muromachi's monthly salary by 50 percent on top of the 40 percent cut already in place. Toshiba also said it would hire more independent directors, including lawyers and accountants.




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