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Unformatted text preview: Mengheng Li Assignment #5 Jeff Schurman, CAE The Japanese company Tokyo Electric Power Co (TEPCO) has come under fire for its handling of the emergency at its Fukushima Daichi nuclear complex, triggered by a March 11 earthquake and tsunami that left more than 27,500 people dead or missing. A series of missteps and mistakes, combined with scant signs of leadership, have undermined confidence in the company. TEPCO shares are down almost 80 percent since the disaster. And according to the Mainichi newspaper, Japan plans to take control of TEPCO, the operator of the country's stricken nuclear plant, by injecting public funds in the face of mounting public concerns over the crisis and a huge potential compensation bill. Although the Japans government does not mean to nationalize TEPCO, this injection will still allow the government to have a certain level of management involvement. According to the liberal ideology, the intervention of government is reasonable and acceptable. The leakage of According to the liberal ideology, the intervention of government is reasonable and acceptable....
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This note was uploaded on 12/03/2011 for the course BUSENV 0060 taught by Professor Barrymitnick during the Fall '09 term at Pittsburgh.
- Fall '09