Toshiba to cut Interim CEOs pay by 90%

Toshiba has said it will cut the pay of its Interim CEO, Masashi Muromach, by 90%.

Muromachi’s salary was reduced by 50% on top of a 40% cut that was already implemented. The company will also cut the pay of other senior executives.

The Asahi Daily said that the decision was made by the company’s appointments committee. It also said that more measures will be considered at a shareholders meeting in September.

Toshiba will also be hiring more independent directors, lawyers, and accountants.