Daihatsu, the Japanese automaker owned by Toyota, has halted domestic production after admitting it forged the results of safety tests for its vehicles for more than 30 years.
Daihatsu, the Japanese automaker owned by Toyota, has halted domestic production after admitting it forged the results of safety tests for its vehicles for more than 30 years.
At some point there needs to be physical punishments for shareholders. Like, “Oh, you invested in a company that’s been willfully flaunting safety regulations for a generation? Yeah, you don’t get to have hands anymore. Maybe you should have done some more due diligence.”
Stumpify a few hundred thousand wall street types and maybe there’ll be a culture change.
What would due diligence be by shareholders in a situation like this?