Toshiba and GE breakups signal start of 'great carbon reset'

Conglomerates take on inefficiencies as climate fears upend old industrial order

20211112N ge toshiba REUTERS

General Electric and Toshiba are giant corporate groups whose operations span numerous industries. © Reuters

ATSUSHI NAKAYAMA, Nikkei commentator

TOKYO -- Around two weeks before Toshiba officially announced its three-way separation Friday, it is said to have received a brokerage's final proposal based on discussions by the Japanese conglomerate's strategic review committee.

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