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Toshiba in turmoil

What's next for Toshiba after shareholders reject breakup plan?

Some want company to delist and go private, but Japanese law complicates that

The Japanese technology group is struggling to find a path back to fiscal health.   © Reuters

TOKYO -- When Toshiba President and CEO Taro Shimada presented the company's plan to split itself in two at an extraordinary general meeting on Thursday, in many ways he was just the messenger.

When the partition plan was revealed four months ago, Shimada was a senior vice president who played practically no role in crafting the proposal. But in what has been a turbulent stretch for the company as it remains mired in a tug of war with activist investors, he found himself chairing the meeting -- the latest to come through the revolving door of CEOs at Toshiba.

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