Nidec Report Faults Founder for Systemic Accounting Failures
Nidec Corp. founder Shigenobu Nagamori created a corporate culture that led to losses being improperly deferred and improperly reflected in earnings, a board committee report concluded, fueling financial and management...
By Nicholas Takahashi · Bloomberg
Nidec Corp. founder Shigenobu Nagamori created a corporate culture that led to losses being improperly deferred and improperly reflected in earnings, a board committee report concluded, fueling financial and management turmoil at the electric-motor manufacturer.