TechBloomberg Tech54m ago
Nidec Shares Sink as CEO Resigns Amid Accounting Scandal
TL;DRNidec's CEO quit after accounting problems; stock dropped 20%.
Why it matters: Major motor manufacturer's credibility crisis could disrupt supply chains and investor confidence.
Bloomberg’s Reed Stevenson breaks down Nidec’s 20% stock plunge following an accounting scandal. (Source: Bloomberg)
Read full articleSource: Bloomberg Tech · Opens in new tab