Japanese billionaire businessman; chairman and CEO of Nidec
State and federal records show a pattern of environmental and safety violations at Nippon Dynawave Packaging in Longview, WA, ahead of a deadly tank failure that released caustic liquid. Investigations are ongoing as workers seek accountability and safety reforms.
Nidec Corp. has published a redacted report that deepens a crisis surrounding chairman Shigenobu Nagamori and the company’s governance. The findings prompt a review of privatization options and pose questions about internal controls as the company seeks auditor approval and market confidence. New CEO Michio Kaida faces pressure to restructure loss-making units while defending against activist scrutiny.