Tokyo: Toshiba Corp said it would slash its interim chief executive's monthly salary for the next two months by 90%, including previously announced cuts, following revelations of improper accounting at the Japanese conglomerate.
The company said on Wednesday it would reduce Masashi Muromachi's monthly salary by 50% on top of the 40% cut already in place.
Toshiba said it would also dock the pay of other senior executives, and that an extraordinary shareholders' meeting in September would consider any additional measures.
Toshiba also said it would hire more independent directors, including lawyers and accountants. - Reuters
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