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Old Oct 25, 2007 | 6:57 pm
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Q Shoe Guy
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Originally Posted by acregal
I read about it (link here). Apparently the board had some meeting yesterday and fired the President, Sahashi (who apparently wasn't there), and they're trying to restructure (会社更生法 - Corporate Restructuring Law), not really bankruptcy (or rather more like Chapter 11 in the US, rather than Chapter 7). This entire thing seems more like a drama. Oh well, best of luck to any NOVA employees.
The journalists I sit beside said "tousan" not withstanding what the interpretation was. I was off by a week by a week in the office "pool"........Sad for the Japanese staff that haven't been paid since July and the foreign staff that will not be paid for September and October as wages trail by a month. Do you still think the government will step forward via the social insurance system and offer assistance? Not to mention the 400K customers who now hold worthless tickets !
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