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%).

Former president of Tepco, Shimizu got the golden parachute2

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.

 

Former president of Tepco, Shimizu got the golden parachute

 

Source 1 2

 

 




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3 Responses to “Former president of Tepco, Shimizu got the golden parachute”

  1. TechDud says:

    Unless he was hospitalized for radiation burns attempting to stop the catastrophe (rather than flee), why do i get the sense that this man deserves not a Golden Parachute, but a Golden Shower instead?

  2. Anonymous says:

    Some experts are saying that millions of cancers will result from Fukushima. Many will eventually die. Why would any company, even an oil company, want an outside director who led his past company into the world’s worst industrial accident ever, an event that will kill hundreds of thousands and shorten the lives of millions? Fuji Oil’s other directors are being irresponsible to hire this guy, and they should be held accountable should Shimizu’s “leadership” cause or fail to prevent any sort of accident there. This guy deserves a prison cell, not a seat in a boardroom.

  3. Michele B says:

    It’s shush money.

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