Word: terunobu
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Dates: during 2003-2003
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...bank has stumbled from one humiliation to another, including ATM network failures, executive turf wars, lingering bad loans, eroding asset values and a stock price that has fallen 85% since its September 2000 listing. Last week came the bleakest news yet: on Jan. 21, Mizuho Holdings president and CEO Terunobu Maeda announced that the bank expects to lose $16.53 billion for the fiscal year ending in March. That would be the largest loss in Japanese corporate history, and is nine times worse than results the company predicted just three months ago. Maeda followed that stunner with another: to replenish...
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