What happened to Toshiba?

Toshiba, founded in 1875, soared as a leader in electronics, renowned for innovation and reliability. By the early 2000s, it dominated consumer electronics with products like flat-screen TVs. However, in 2015, a scandal revealed massive accounting irregularities, damaging its reputation. Executives resigned, and stock prices plummeted. Further woes came with its nuclear subsidiary Westinghouse filing for bankruptcy in 2017 due to cost overruns. In 2020, more accounting discrepancies surfaced, and allegations of colluding with the Japanese government arose. This eroded foreign investor trust in Japan's stock market. Toshiba's downfall highlights corporate hubris and financial mismanagement, but the company strives for redemption through resilience and commitment to excellence, serving as a cautionary tale and a beacon of perseverance.
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