Toshiba's president resigns following false reporting of $1.2 billion

Toshiba, one of the biggest Windows OEMs in the world, is in crisis at the moment. The company admitted last week that it had falsely reported a total of $1.2 billion in profits over the last several years. As a result, the company’s president Hisao Tanaka has resigned, along with its Vice Chairman Norio Sasaki and adviser Atsutoshi Nishida.