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There’s an assumption that Toyota being a Japanese company will make decisions in a holistic manner that is not driven by corporate greed.

• sebastien_b 5y ago
  We all know what happens when people make assumptions…
• bobthepanda 5y ago
  Japan doesn't necessarily have MBA types who pump dying companies full of debt to feed off the carcasses, but there's certainly not any sort of good corporate governance either. https://www.japantimes.co.jp/news/2020/02/15/business/corporate-business/toshibas-latest-scandal-subsidiary-found-booked-%C2%A543-5-billion-fictitious-sales/ https://www.japantimes.co.jp/news/2020/02/15/business/corpor... > Toshiba Corp. said Friday that a subsidiary booked fictitious sales of ¥43.5 billion in 26 transactions recorded only on paper. The scandal may again throw Toshiba into a crisis similar to its massive accounting fraud in 2015... In the troubled conglomerate’s 2015 accounting fraud, Toshiba padded profits by more than ¥200 billion.
  • UncleEntity 5y ago
    I’m no expert but am pretty sure Toyota and Toshiba are different companies.
    • fennecfoxen 5y ago
      I’m not an expert either, but I can able to notice where a conversation holds up “Japanese corporate governance” as some noteworthy model :)