Q had this to say about this situation: “These people are stupid. Wait for Russia/China reports. Sabotage. Investigation. Strike 99999999.”
Perhaps one of the “booms” as well?
This is going to have huge ramifications globally. Inferior product? I’ll say this ~ Trump has taken incredible notes over the decades and knows how to draw out the traitor’s.
*****
(Reuters) – Kobe Steel Ltd admitted on Tuesday its data fraud has been going on nearly five decades and also revealed new cases of cheating, highlighting the challenges facing the 112-year-old company mired in compliance failures and malfeasance.
Japan’s third-biggest steelmaker said its CEO will step down to take responsibility for the widespread data fraud scandal that came to light last year, although doubts remain over its corporate culture and the possibility of future fines.
Kobe Steel, which supplies steel parts to manufacturers of cars, planes and trains around the world, admitted last year to supplying products with falsified specifications to about 500 customers, throwing global supply chains into turmoil.
The company, in announcing the results from a four-month-long investigation by an external committee, said it had also found new cases of impropriety, widening the total of affected clients to 605, including 222 customers overseas.
“I feel heavy responsibility as our data falsification has caused trouble to so many customers,” the resigning CEO and chairman, Hiroya Kawasaki, told a news conference.
“I’ve offered my resignation … as I think preventive measures should be done under a new management,” he said.
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