If wisdom comes with age, Japan’s Toshibashould have a pretty high corporate IQ. Established in 1875, Toshiba is much older than other Japanese electronics majors such as Hitachi, Panasonicand Sony. Unfortunately, the company’s management have done some dumb things recently: in July it emerged that the company had been overstating profits for years. This week the company warned that the restructuring prompted by the accounting problems would lead to a record loss in the year to March. The shares, down by half this year, fell another 12 per cent on Tuesday.
如果智慧跟著年齡漲的話，日本的東芝(Toshiba)應該具有很高的公司智商了。成立於1875年的東芝，歷史要比日立(Hitachi)、松下(Panasonic)和索尼(Sony)等其他日本電子產品巨擘長得多。不幸的是，該公司管理層最近卻做出了一些愚蠢的事情：今年7月，有訊息曝出，該公司曾多年誇大利潤。本週，該公司警告稱，會計問題導致的重組將導致該公司在截至明年3月的財年中出現創紀錄虧損。該公司股價今年已累計下跌一半，週二再次下跌12%。