Former president of Tepco, Shimizu got the golden parachute
Shimizu, former president of Tepco is going to be an outside director of Fuji Oil company, ltd to belong to Arabian Oil Company holdings on 6/25/2012.
The largest shareholder of Arabian Oil Company holding is Tepco (8.7%).
Takei, former vice president of Tepco will be assigned to be outside corporate auditor of Arabian Oil company to belong to Arabian Oil Company holdings, and
Arai, former Executive Director of Tepco will be assigned to be corporate auditor of Fuji Oil company as well.
Shimizu was the president of Tepco when 311. He was hospitalized until 4/7/2011. Since he resigned last June, he had been “consulting” Tepco as “a company friend” until this March.