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Toshiba end game sees salarymen fight back to preserve autonomy

CEO Kurumatani forced out for surrendering company to foreign private equity

| Japan
Returning Toshiba President and CEO Satoshi Tsunakawa speaks at an online news conference on Apr. 14: he is not entirely defenseless. (Photo by Konosuke Urata)

Stephen Givens is a corporate lawyer based in Tokyo.

In the end, Toshiba CEO Nobuaki Kurumatani's bid to escape the encircling nets by taking the company private, in order to scuttle a looming investigation and avoid uncertain reelection at the coming annual general meeting, failed.

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