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Toshiba in turmoil

Toshiba's new board picks weren't unanimous, director says

Executives from Farallon and Elliott faced pushback in committee

Toshiba is currently weighing different options to turn itself around, including possible privatization.    © Reuters

TOKYO -- Toshiba's new board nominees were selected by majority vote and not by unanimous agreement, director and nomination committee member Jerry Black told news outlets including Nikkei on Friday.

The proposed board, to be put to a vote at an annual shareholders meeting scheduled for June 28, includes executives from activist hedge funds Farallon Capital Management and Elliott Management.

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